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Bailieboro Mortgage Information

Average Mortgage Loan in Bailieboro: $280,000

How Bailieboro Ranks in Ontario for Mortgage Business

The following table lists how Bailieboro 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
526TORRANCE, ON 0.007%
527CHALK RIVER, ON 0.007%
528BRAESIDE, ON 0.007%
529RAVENNA, ON 0.007%
530BAILIEBORO, ON 0.007%
531WEBBWOOD, ON 0.007%
532MANSFIELD, ON 0.007%
533EAR FALLS, ON 0.007%
534BAINSVILLE, ON 0.007%
535HENSALL, ON 0.007%

Types of Mortgage Inquiries Received from Bailieboro

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 25.0%
Mortgage Pre-approval: 25.0%
No Money Down Mortgage (discontinued): 25.0%
Commercial: 25.0%
Total Application Types Found: 4

Age Demographics for Bailieboro Mortgage Applicants

Average age: 42
Oldest age: 50
Youngest age: 34

Incomes for Bailieboro Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Bailieboro: $86,000.00
applicants within all of Canada: $60,852.54
Difference: $25,147.46

Since the average income of Bailieboro is substantially higher than our Canadian national average, we have included the MEDIAN annual gross income for this area. 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 Bailieboro: $35,000.00
applicants within all of Canada: $60,852.54
Difference: ($25,852.54)

Note: Commercial loan amounts were not included for this survey, only residential mortgages were used.

Last mortgage report update for Bailieboro: Friday, July 1, 2016
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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.