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Mount Hope Mortgage Information

Average Mortgage Loan in Mount Hope: $199,578

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 Mount Hope Ranks in Ontario for Mortgage Business

The following table lists how Mount Hope 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
186ELORA, ON 0.031%
187MARMORA, ON 0.031%
188CAYUGA, ON 0.029%
189WATERFORD, ON 0.029%
190PORT MCNICOLL, ON 0.029%
191MOUNT HOPE, ON 0.029%
192STAYNER, ON 0.029%
193ARTHUR, ON 0.029%
194ATHENS, ON 0.029%
195ST GEORGE BRANT, ON 0.029%
196BLIND RIVER, ON 0.029%

Types of Mortgage Inquiries Received from Mount Hope


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 23.5%
No Money Down Mortgage (discontinued): 23.5%
Refinance / Debt Consolidation: 17.6%
First-time Home Buyer: 17.6%
New Home Purchase: 11.8%
Mortgage Pre-approval: 5.9%
 
Total Application Types Found: 6

Age Demographics for Mount Hope Mortgage Applicants

Average age: 38
Oldest age: 56
Youngest age: 22


Incomes for Mount Hope Mortgage Applicants

The numbers below represent the average income of people living in Mount Hope 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 Mount Hope: $76,620.00
applicants within all of Canada: $60,852.54
Difference: $15,767.46
  
mortgage co-applicants in Mount Hope: $41,111.11
co-applicants within all of Canada: $43,965.51
Difference: ($2,854.40)

Note: Commercial loans were not included for this report, only home loans from Mount Hope, Ontario were used.


Last mortgage report update for Mount Hope: Friday, July 1, 2016
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Ontario
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Fort Erie.

Mortgage Product Type Inquiries
No Money Down discontinued17.19%
First-time Home Buyer17.19%
New Purchase15.63%
Mortgage Renewal14.06%
Mortgage Pre-approval12.50%
Refinance/Consolidate Debt10.94%
Pre-approval4.69%
Second Mortgage4.69%
Other3.13%