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Binbrook Mortgage Information

Average Mortgage Loan in Binbrook: $176,164

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Binbrook Ranks in Ontario for Mortgage Business

The following table lists how Binbrook 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
207TILBURY, ON 0.026%
208MITCHELL, ON 0.026%
209EMBRUN, ON 0.026%
210CONCORD, ON 0.026%
211CAMPBELLVILLE, ON 0.026%
212BINBROOK, ON 0.026%
213HALIBURTON, ON 0.026%
214BEAVERTON, ON 0.026%
215WATFORD, ON 0.026%
216FONTHILL, ON 0.026%
217GREELY, ON 0.026%

Types of Mortgage Inquiries Received from Binbrook


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 33.3%
New Home Purchase: 26.7%
Refinance / Debt Consolidation: 20.0%
Mortgage Pre-approval: 13.3%
HELOC: 6.7%
 
Total Application Types Found: 5

Age Demographics for Binbrook Applicants

Average age: 36
Oldest age: 49
Youngest age: 28


Incomes for Binbrook Applicants

The figures below represent the average income of people living in Binbrook who have submitted a mortgage inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Binbrook: $64,297.07
applicants within all of Canada: $60,852.54
Difference: $3,444.53
  
mortgage co-applicants in Binbrook: $45,200.00
co-applicants within all of Canada: $43,965.51
Difference: $1,234.49

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

Nearest Settlements


1Cayuga, Ontario
2Hagersville, Ontario
3Stoney Creek, Ontario
4Caledonia, Ontario
5Beamsville, Ontario
6Mount Hope, Ontario
7Selkirk, Ontario
8Copetown, Ontario
9Ancaster, Ontario
10Hamilton, Ontario
11Lynden, Ontario
12Dunnville, Ontario
13Ohsweken, Ontario
14Grimsby, Ontario
15Hannon, Ontario
16Jarvis, Ontario
17Dundas, Ontario
18St Anns, Ontario
19Smithville, Ontario
20Burlington, Ontario
21St George Brant, Ontario
22Waterdown, Ontario
23St George, Ontario
24Millgrove, Ontario
25Brantford, Ontario
26Port Dover, Ontario
27Freelton, Ontario
28St Williams, Ontario
29Simcoe, Ontario
30Waterford, Ontario
31Burford, Ontario
32Princeton, Ontario
33Troy, Ontario
34Vineland, Ontario
35Cambridge, Ontario


Last mortgage report update for Binbrook: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Product Popularity
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Brantford.

Mortgage Product Type Inquiries
Mortgage Pre-approval24.48%
First-time Home Buyer16.43%
No Money Down discontinued16.08%
Refinance/Consolidate Debt15.38%
New Purchase12.94%
Mortgage Renewal7.34%
Other7.35%
 
Calculate Mortgage Payments
Our new mortgage calculator automatically generates a number of useful charts and graphs including one that displays a breakdown of how your mortgage payments are split between paying interest and paying down the principal on a year by year basis. Try it out for yourself.
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