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Prescott Mortgage Information

Average Mortgage Loan in Prescott: $137,376

Busy Days for Mortgage Applications within Prescott

The bar graph listed below compares the busy days for mortgage inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Prescott the busiest day, with approximately 25.00% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 3.57% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 25.0%
2 Monday: 21.4%
3 Saturday: 17.9%
4 Friday: 10.7%
5 Wednesday: 10.7%
6 Thursday: 10.7%
7 Sunday: 3.6%
Busy Days Report for Prescott Mortgages

Peak Hours for Originated Mortgages within Prescott

Mortgage inquiries are received 24 hours a day from our web site. The report shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 25.0% of all mortgages are received before noon, while 75.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Prescott
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
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: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 3.6%
7AM 07:00 to 07:59: 3.6%
8AM 08:00 to 08:59: 3.6%
9AM 09:00 to 09:59: 3.6%
10AM 10:00 to 10:59: 3.6%
11AM 11:00 to 11:59: 7.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.6%
1PM 13:00 to 13:59: 7.1%
2PM 14:00 to 14:59: 7.1%
3PM 15:00 to 15:59: 14.3%
4PM 16:00 to 16:59: 3.6%
5PM 17:00 to 17:59: 3.6%
6PM 18:00 to 18:59: 14.3%
7PM 19:00 to 19:59: 7.1%
8PM 20:00 to 20:59: 7.1%
9PM 21:00 to 21:59: 3.6%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 3.6%

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 Prescott Ranks in Ontario for Mortgage Business

The following table lists how Prescott 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
132KINCARDINE, ON 0.050%
133KAPUSKASING, ON 0.048%
134CHELMSFORD, ON 0.048%
135GANANOQUE, ON 0.048%
136NEWCASTLE, ON 0.048%
137PRESCOTT, ON 0.048%
138COCHRANE, ON 0.047%
139FRANKFORD, ON 0.047%
140ESPANOLA, ON 0.047%
141PORT DOVER, ON 0.047%
142ROCKLAND, ON 0.045%

Types of Mortgage Inquiries Received from Prescott


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 25.0%
Refinance / Debt Consolidation: 17.9%
New Home Purchase: 14.3%
Mortgage Pre-approval: 14.3%
No Money Down Mortgage (discontinued): 14.3%
Other: 14.4%
 
Total Application Types Found: 9

Age Demographics for Prescott Mortgages

Average age: 36
Oldest age: 51
Youngest age: 21


Incomes for Prescott Mortgages

The numbers below represent the average income of applicants living in Prescott who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Prescott: $40,448.70
applicants within all of Canada: $60,852.54
Difference: ($20,403.84)
  
mortgage co-applicants in Prescott: $27,719.17
co-applicants within all of Canada: $43,965.51
Difference: ($16,246.35)

Note: Commercial Mortgages were not included for this section, only residential mortgages from Prescott, Ontario were used.


Last mortgage report update for Prescott: 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 Kingston.

Mortgage Product Type Inquiries
Mortgage Pre-approval20.43%
First-time Home Buyer15.41%
No Money Down discontinued15.05%
New Purchase15.05%
Refinance/Consolidate Debt15.05%
Mortgage Renewal9.32%
Other9.68%