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Port Elgin Mortgage Information

Average Mortgage Loan in Port Elgin: $178,726

Busy Days for Applications within Port Elgin

The data below shows the busy days for online mortgage applications that were received by Super Brokers. Each day is a representation of the combined 6-year total of all instances of that day. In Port Elgin the busiest day of the week, with 19.23% of all applications, is Monday. In comparison, Thursday's are the slowest day with only 3.85% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.2%
2 Tuesday: 19.2%
3 Friday: 19.2%
4 Saturday: 15.4%
5 Wednesday: 11.5%
6 Sunday: 11.5%
7 Thursday: 3.9%
Busy Days Report for Port Elgin Mortgages

Peak Hours for Based Mortgages within Port Elgin

Inquiries are received 24 hours a day on the Mortgage Super Brokers web site. The time periods below indicates the rush hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Port Elgin
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 7.7%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 3.8%
5AM 05:00 to 05:59: 3.8%
6AM 06:00 to 06:59: 3.8%
7AM 07:00 to 07:59: 3.8%
8AM 08:00 to 08:59: 7.7%
9AM 09:00 to 09:59: 7.7%
10AM 10:00 to 10:59: 11.5%
11AM 11:00 to 11:59: 7.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.8%
1PM 13:00 to 13:59: 7.7%
2PM 14:00 to 14:59: 3.8%
3PM 15:00 to 15:59: 0%
4PM 16:00 to 16:59: 11.5%
5PM 17:00 to 17:59: 3.8%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 11.5%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

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 Port Elgin Ranks in Ontario for Mortgage Business

The following table lists how Port Elgin 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
139FRANKFORD, ON 0.047%
140ESPANOLA, ON 0.047%
141PORT DOVER, ON 0.047%
142ROCKLAND, ON 0.045%
143BLENHEIM, ON 0.045%
144PORT ELGIN, ON 0.045%
145NIAGARA ON THE LAKE, ON 0.045%
146ARNPRIOR, ON 0.045%
147BORDEN, ON 0.045%
148PEFFERLAW, ON 0.043%
149ST MARYS, ON 0.043%

Types of Mortgage Inquiries Received from Port Elgin


Type of Mortgage Application Form Selected  Percentage
of Inquiries
No Money Down Mortgage (discontinued): 19.2%
Commercial: 19.2%
Refinance / Debt Consolidation: 15.4%
Mortgage Pre-approval: 11.5%
First-time Home Buyer: 11.5%
New Home Purchase: 7.7%
Investment: 7.7%
Variable Rate: 7.7%
 
Total Application Types Found: 8

Age Demographics for Port Elgin Mortgage Applicants

Average age: 38
Oldest age: 61
Youngest age: 20


Incomes for Port Elgin Mortgage Applicants

The amounts below are the average income of people living in Port Elgin 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 Port Elgin: $68,030.48
applicants within all of Canada: $60,852.54
Difference: $7,177.94
  
mortgage co-applicants in Port Elgin: $37,812.50
co-applicants within all of Canada: $43,965.51
Difference: ($6,153.01)

Note: Commercial Mortgages were not included for this report, only residential loans were used.


Last mortgage report update for Port Elgin: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Whitby.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt21.66%
Mortgage Pre-approval18.89%
Mortgage Renewal15.67%
First-time Home Buyer12.90%
New Purchase12.90%
No Money Down discontinued10.14%
Other7.83%
 
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