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Komoka Mortgage Information

Average Mortgage Loan in Komoka: $268,592

How Komoka Ranks in Ontario for Mortgage Business

The following table lists how Komoka ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
219WHEATLEY, ON 0.026%
220HASTINGS, ON 0.026%
221MATTAWA, ON 0.024%
222KING CITY, ON 0.024%
223BEETON, ON 0.024%
224KOMOKA, ON 0.024%
225TIVERTON, ON 0.024%
226COLBORNE, ON 0.024%
227SUTTON WEST, ON 0.024%
228DUNDALK, ON 0.024%
229HAGERSVILLE, ON 0.024%

Types of Mortgage Inquiries Received from Komoka


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 42.9%
Mortgage Pre-approval: 28.6%
Refinance / Debt Consolidation: 21.4%
First-time Home Buyer: 7.1%
 
Total Application Types Found: 4

Age Demographics for Komoka Mortgage Applicants

Average age: 37
Oldest age: 57
Youngest age: 23


Incomes for Komoka Mortgage Applicants

The information below represents the average income of Canadians living in Komoka who have applied for a loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Komoka: $82,471.43
applicants within all of Canada: $60,852.54
Difference: $21,618.89
  
mortgage co-applicants in Komoka: $57,320.00
co-applicants within all of Canada: $43,965.51
Difference: $13,354.49

Since the average income of Komoka is much higher than the national average, we have included the MEDIAN annual gross income for this area. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Komoka: $77,500.00
applicants within all of Canada: $60,852.54
Difference: $16,647.46

Note: Commercial Mortgage loans were not included for this section, only residential mortgage loan amounts from Komoka, Ontario were used.


Last mortgage report update for Komoka: Friday, July 1, 2016
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Niagara Falls.

Mortgage Product Type Inquiries
First-time Home Buyer24.60%
Mortgage Pre-approval20.86%
Refinance/Consolidate Debt15.51%
New Purchase14.97%
No Money Down discontinued9.63%
Mortgage Renewal6.42%
Other8.02%
 
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