Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Busy Days for Mortgages Originating within Paradise

The information listed below shows the busy days for mortgage applications that were received by the Super Brokers web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Paradise the busiest day, with approximately 20.00% of all applications, is Tuesday. In comparison, Thursday's are the slowest day with only 3.33% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Tuesday: 20.0%
2: Friday: 20.0%
3: Sunday: 20.0%
4: Monday: 13.3%
5: Wednesday: 13.3%
6: Saturday: 10.0%
7: Thursday: 3.3%
Busy Days Report for Paradise Mortgages

Peak Hours for Originated Mortgages within Paradise

In Paradise, mortgages are received 24 hours a day from the Super Brokers web site. The report shown below indicates the busy hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Paradise
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: 3.3%
6AM 06:00 to 06:59: 3.3%
7AM 07:00 to 07:59: 3.3%
8AM 08:00 to 08:59: 10.0%
9AM 09:00 to 09:59: 10.0%
10AM 10:00 to 10:59: 3.3%
11AM 11:00 to 11:59: 6.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.0%
1PM 13:00 to 13:59: 20.0%
2PM 14:00 to 14:59: 6.7%
3PM 15:00 to 15:59: 3.3%
4PM 16:00 to 16:59: 3.3%
5PM 17:00 to 17:59: 6.7%
6PM 18:00 to 18:59: 6.7%
7PM 19:00 to 19:59: 3.3%
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%

Newfoundland and Labrador Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage of Applications
Alberta: 21.15%
British Columbia: 10.37%
Manitoba: 1.99%
New Brunswick: 2.51%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.28%
Prince Edward Island: 0.50%
Quebec: 3.94%
Saskatchewan: 5.06%
Yukon: 0.47%

Current City Standing within Newfoundland and Labrador

RankLocation Contribution
1:ST JOHN'S, NL 0.293%
2:CORNER BROOK, NL 0.123%
3:MOUNT PEARL, NL 0.087%
4:PARADISE, NL 0.052%
5:GRAND FALLS-WINDSOR, NL 0.049%
6:CONCEPTION BAY SOUTH, NL 0.047%
7:GANDER, NL 0.033%
8:PORTUGAL COVE-ST PHILIPS, NL 0.029%
9:LABRADOR CITY, NL 0.024%


Age Demographics for Paradise Originated Mortgages

Average age: 38
Oldest age: 56
Youngest age: 23


Incomes for Paradise Originated Mortgages

The following depicts the average income of people living in Paradise who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Paradise: $78,372.14
applicants within all of Canada: $60,836.57
Difference: $17,535.57
  
mortgage co-applicants in Paradise: $38,890.00
co-applicants within all of Canada: $44,026.21
Difference: ($5,136.21)

Note: Commercial Mortgage loans were not included for this section, only home loans from Paradise, Newfoundland and Labrador were used.

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Important Tip on Credit Card Debt
Credit card interest rates average at around 18.9 per cent. You, like many other Canadians, may have over ten thousand dollars charged to your credit card, but, if you only make the minimum required monthly payment of 2 per cent ($200 the first month) that $10,000 in credit card debt will ultimately take more than 57 years and cost around 40,000 dollars to fully pay off.

Using a home equity loan will allow you to eliminate the high interest credit card (and by eliminate we mean cut up) and consolidate the debt to a low interest rate mortgage payment.