Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Minden Mortgage Information

Average Mortgage Loan in Minden: $148,635

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Minden Ranks in Ontario for Mortgage Business

The following table lists how Minden 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
200MARATHON, ON 0.028%
201SOUTH PORCUPINE, ON 0.028%
202LITTLE BRITAIN, ON 0.028%
203IROQUOIS FALLS, ON 0.028%
204ERIN, ON 0.028%
205MINDEN, ON 0.028%
206VAL CARON, ON 0.028%
207TILBURY, ON 0.026%
208MITCHELL, ON 0.026%
209EMBRUN, ON 0.026%
210CONCORD, ON 0.026%

Types of Mortgage Inquiries Received from Minden


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 43.8%
Refinance / Debt Consolidation: 12.5%
No Money Down Mortgage (discontinued): 12.5%
First-time Home Buyer: 12.5%
Mortgage Renewal: 6.3%
New Home Purchase: 6.3%
Commercial: 6.3%
 
Total Application Types Found: 7

Age Demographics for Minden Originated Mortgages

Average age: 42
Oldest age: 62
Youngest age: 25


Incomes for Minden Originated Mortgages

The following figures show the average income of applicants living in Minden who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Minden: $49,307.14
applicants within all of Canada: $60,852.54
Difference: ($11,545.40)
  
mortgage co-applicants in Minden: $33,900.00
co-applicants within all of Canada: $43,965.51
Difference: ($10,065.51)

Note: Commercial loans were not included for this survey, only residential mortgage loan amounts from Minden, Ontario were used.


Last mortgage report update for Minden: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Calculator
Use our online mortgage calculator to find out exactly how many payments you will need to make to pay off your house. We will summarize all of the important details over the term and amortization of your mortgage. Also, try our qualification calculator to help you calculate how much you can afford.
Mortgage Calculator
 
Did you know? The average home loan in Niagara Falls is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Ontario