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West Lorne Mortgage Information

Average Mortgage Loan in West Lorne: $98,440

How West Lorne Ranks in Ontario for Mortgage Business

The following table lists how West Lorne 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
274FOREST, ON 0.019%
275RIDGETOWN, ON 0.019%
276THAMESVILLE, ON 0.019%
277MOUNT BRYDGES, ON 0.019%
278HARROWSMITH, ON 0.019%
279WEST LORNE, ON 0.019%
280SCOTLAND, ON 0.019%
281SEAFORTH, ON 0.019%
282SCHOMBERG, ON 0.019%
283LIMOGES, ON 0.019%
284LIVELY, ON 0.019%

Types of Mortgage Inquiries Received from West Lorne


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 63.6%
Refinance / Debt Consolidation: 18.2%
No Money Down Mortgage (discontinued): 18.2%
 
Total Application Types Found: 3

Age Demographics for West Lorne Mortgage Applicants

Average age: 40
Oldest age: 52
Youngest age: 25


Incomes for West Lorne Mortgage Applicants

The amounts shown below represent the average income of people living in West Lorne who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in West Lorne: $43,444.56
applicants within all of Canada: $60,852.54
Difference: ($17,407.99)
  
mortgage co-applicants in West Lorne: $32,329.67
co-applicants within all of Canada: $43,965.51
Difference: ($11,635.85)

Note: Commercial Mortgage loans were not included for this survey, only residential loans amounts from West Lorne, Ontario were used.


Last mortgage report update for West Lorne: 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 Bowmanville.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt27.91%
Mortgage Pre-approval20.93%
First-time Home Buyer11.63%
Mortgage Renewal11.63%
No Money Down discontinued10.47%
New Purchase10.47%
Other6.97%
 
Did you know? The average home loan in Belle River is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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