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Bragg Creek Mortgage Information
Average Mortgage Loan in Bragg Creek: $387,125The following table lists how Bragg Creek 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.
Rank | Location | Contribution |
98 | TOFIELD, AB | 0.017% |
99 | BRUDERHEIM, AB | 0.017% |
100 | LAMONT, AB | 0.017% |
101 | ALBERTA BEACH, AB | 0.017% |
102 | EVANSBURG, AB | 0.017% |
103 | BRAGG CREEK, AB | 0.016% |
104 | VIKING, AB | 0.016% |
105 | GLENDON, AB | 0.016% |
106 | REDWATER, AB | 0.016% |
107 | BLACKIE, AB | 0.016% |
108 | DELBURNE, AB | 0.016% |
Type of Mortgage Application Form Selected | | Percentage of Inquiries |
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Mortgage Renewal: | | 33.3% |
Mortgage Pre-approval: | | 22.2% |
No Money Down Mortgage (discontinued): | | 22.2% |
New Home Purchase: | | 11.1% |
Pre-approval: | | 11.1% |
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Total Application Types Found: 5 |
Average age: 45
Oldest age: 55
Youngest age: 35
The following figures show the average income of applicants living in Bragg Creek who have applied for a home loan using Mortgage Super Brokers' online mortgage application.
Average annual gross income for | |
---|
mortgage applicants in Bragg Creek: | $94,888.89 |
applicants within all of Canada: | $60,852.54 |
Difference: | $34,036.35 |
| |
mortgage co-applicants in Bragg Creek: | $78,160.00 |
co-applicants within all of Canada: | $43,965.51 |
Difference: | $34,194.49 |
Since the average income of Bragg Creek is notability 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 Bragg Creek: | $72,000.00 |
applicants within all of Canada: | $60,852.54 |
Difference: | $11,147.46 |
Note: Commercial Mortgages were not included for this section, only residential loans were used.