Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Norwich Mortgage Information

Average Mortgage Loan in Norwich: $177,390

How Norwich Ranks in Ontario for Mortgage Business

The following table lists how Norwich 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
262ALEXANDRIA, ON 0.021%
263WINCHESTER, ON 0.021%
264HOLLAND LANDING, ON 0.019%
265GERALDTON, ON 0.019%
266HAILEYBURY, ON 0.019%
267NORWICH, ON 0.019%
268LANARK, ON 0.019%
269CARDINAL, ON 0.019%
270ORONO, ON 0.019%
271BURFORD, ON 0.019%
272BADEN, ON 0.019%

Types of Mortgage Inquiries Received from Norwich


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 36.4%
New Home Purchase: 27.3%
Mortgage Renewal: 18.2%
No Money Down Mortgage (discontinued): 18.2%
 
Total Application Types Found: 4

Age Demographics for Norwich Originated Mortgages

Average age: 44
Oldest age: 69
Youngest age: 23


Incomes for Norwich Originated Mortgages

The figures below represent the average income of applicants living in Norwich who have applied for a home loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Norwich: $39,438.73
applicants within all of Canada: $60,852.54
Difference: ($21,413.81)
  
mortgage co-applicants in Norwich: $32,791.33
co-applicants within all of Canada: $43,965.51
Difference: ($11,174.18)

Note: Commercial loans were not included for this report, only residential mortgages from Norwich, Ontario were used.


Last mortgage report update for Norwich: Friday, July 1, 2016
Apply for Mortgage
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Fort Erie.

Mortgage Product Type Inquiries
No Money Down discontinued17.19%
First-time Home Buyer17.19%
New Purchase15.63%
Mortgage Renewal14.06%
Mortgage Pre-approval12.50%
Refinance/Consolidate Debt10.94%
Pre-approval4.69%
Second Mortgage4.69%
Other3.13%
 
Rate Comparison Calculator
It can be hard to figure out exactly how much you can afford to spend on your home, but we're here to help. We have taken the time to redesign our top-rated mortgage calculator and made it easier to use than ever before. Compare rates, evaluate terms, and calculate multiple mortgages side-by-side.
Top Rated Mortgage Calculator