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Chatham Mortgage Information
Average Mortgage Loan in Chatham: $104,094This bar graph shows the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Chatham occur during our first quarter (represented by the brown bars) with 37.93% while our slowest is the fourth quarter (represented by the red bars) with 18.10%.
Rankings for Busy Mortgage Months
| Rank | Month | | Percentage of Applications |
|---|
| 1 | February: | | 19.0% |
| 2 | August: | | 11.2% |
| 3 | March: | | 10.3% |
| 4 | November: | | 9.5% |
| 5 | April: | | 9.5% |
| 6 | January: | | 8.6% |
| Rank | Month | | Percentage of Applications |
|---|
| 7 | July: | | 7.8% |
| 8 | September: | | 6.0% |
| 9 | June: | | 5.2% |
| 10 | May: | | 4.3% |
| 11 | December: | | 4.3% |
| 12 | October: | | 4.3% |
The information listed below shows the busy days for online mortgage applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Chatham, the day with the most volume, having more than 19.83% of all applications, is Monday. In comparison, Friday's are the slowest day with only 9.48% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|
| 1 | Monday: | 19.8% |
| 2 | Thursday: | 18.1% |
| 3 | Tuesday: | 15.5% |
| 4 | Saturday: | 14.7% |
| 5 | Wednesday: | 11.2% |
| 6 | Sunday: | 11.2% |
| 7 | Friday: | 9.5% |
In Chatham, mortgages are received 24 hours a day via the Super Brokers' web site. The information shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years. Only 34.5% of all mortgages are received during the morning, while 63.8% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| 12AM | 00:00 to 00:59: | 0%
|
| 1AM | 01:00 to 01:59: | 0.9%
|
| 2AM | 02:00 to 02:59: | 0.9%
|
| 3AM | 03:00 to 03:59: | 1.7%
|
| 4AM | 04:00 to 04:59: | 0%
|
| 5AM | 05:00 to 05:59: | 1.7%
|
| 6AM | 06:00 to 06:59: | 3.4%
|
| 7AM | 07:00 to 07:59: | 1.7%
|
| 8AM | 08:00 to 08:59: | 3.4%
|
| 9AM | 09:00 to 09:59: | 9.5%
|
| 10AM | 10:00 to 10:59: | 5.2%
|
| 11AM | 11:00 to 11:59: | 7.8%
|
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| Lunch | 12:00 to 12:59: | 9.5%
|
| 1PM | 13:00 to 13:59: | 6.9%
|
| 2PM | 14:00 to 14:59: | 8.6%
|
| 3PM | 15:00 to 15:59: | 5.2%
|
| 4PM | 16:00 to 16:59: | 3.4%
|
| 5PM | 17:00 to 17:59: | 4.3%
|
| 6PM | 18:00 to 18:59: | 5.2%
|
| 7PM | 19:00 to 19:59: | 7.8%
|
| 8PM | 20:00 to 20:59: | 1.7%
|
| 9PM | 21:00 to 21:59: | 6.9%
|
| 10PM | 22:00 to 22:59: | 2.6%
|
| 11PM | 23:00 to 23:59: | 1.7%
|
The following table lists how Chatham 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 |
|---|
| 43 | STONEY CREEK, ON | 0.240% |
| 44 | WELLAND, ON | 0.239% |
| 45 | NORTH BAY, ON | 0.235% |
| 46 | WOODBRIDGE, ON | 0.207% |
| 47 | ORILLIA, ON | 0.204% |
| 48 | CHATHAM, ON | 0.201% |
| 49 | AURORA, ON | 0.178% |
| 50 | ST THOMAS, ON | 0.175% |
| 51 | ORANGEVILLE, ON | 0.164% |
| 52 | BROCKVILLE, ON | 0.163% |
| 53 | KESWICK, ON | 0.152% |
| Type of Mortgage Application Form Selected | | Percentage
of Inquiries |
|---|
| Refinance / Debt Consolidation: | | 20.7% |
| No Money Down Mortgage (discontinued): | | 19.8% |
| First-time Home Buyer: | | 19.8% |
| Mortgage Pre-approval: | | 15.5% |
| New Home Purchase: | | 12.1% |
| Mortgage Renewal: | | 6.9% |
| Other: | | 5.3% |
| |
| Total Application Types Found: 10 |
Average age: 37
Oldest age: 69
Youngest age: 19
The information below represents the average income of Canadians living in Chatham who have applied for a loan using Mortgage Super Brokers' pre-approval application.
| Average annual gross income for | |
|---|
| mortgage applicants in Chatham: | $45,736.28 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($15,116.26) |
| | |
| mortgage co-applicants in Chatham: | $35,099.65 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($8,865.87) |
Note: Commercial loans were not included for this section, only home loans were used.
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