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Yarker Mortgage Information

Average Mortgage Loan in Yarker: $186,875

How Yarker Ranks in Ontario for Mortgage Business

The following table lists how Yarker 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
515CREDITON, ON 0.007%
516LONG SAULT, ON 0.007%
517BROWNSVILLE, ON 0.007%
518SPANISH, ON 0.007%
519PLAINFIELD, ON 0.007%
520YARKER, ON 0.007%
521PORT LAMBTON, ON 0.007%
522BELMONT, ON 0.007%
523SKEAD, ON 0.007%
524MANITOWANING, ON 0.007%
525MOOSE FACTORY, ON 0.007%

Types of Mortgage Inquiries Received from Yarker


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 50.0%
Refinance / Debt Consolidation: 25.0%
Mortgage Pre-approval: 25.0%
 
Total Application Types Found: 3

Age Demographics for Yarker Originated Mortgages

Average age: 39
Oldest age: 58
Youngest age: 29


Incomes for Yarker Originated Mortgages

The following figures show the average income of people living in Yarker who have applied for a home loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Yarker: $102,250.00
applicants within all of Canada: $60,852.54
Difference: $41,397.46
  

Since the average income of Yarker is substantially higher than the national average, we have included the MEDIAN annual gross income for this town. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Yarker: $66,500.00
applicants within all of Canada: $60,852.54
Difference: $5,647.46

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts were used.


Last mortgage report update for Yarker: 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 St Catharines.

Mortgage Product Type Inquiries
Mortgage Pre-approval21.94%
First-time Home Buyer19.35%
No Money Down discontinued16.45%
Mortgage Renewal12.58%
New Purchase10.97%
Refinance/Consolidate Debt10.00%
Other8.71%