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Norwood Mortgage Information

Average Mortgage Loan in Norwood: $128,000

How Norwood Ranks in Ontario for Mortgage Business

The following table lists how Norwood 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
250CARP, ON 0.021%
252EXETER, ON 0.021%
254DRESDEN, ON 0.021%
255NORWOOD, ON 0.021%
256PALGRAVE, ON 0.021%
257MORRISBURG, ON 0.021%
258SHANTY BAY, ON 0.021%
259HAWKESBURY, ON 0.021%
260SELKIRK, ON 0.021%

Types of Mortgage Inquiries Received from Norwood

Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 33.3%
Mortgage Pre-approval: 25.0%
Mortgage Renewal: 8.3%
Refinance / Debt Consolidation: 8.3%
No Money Down Mortgage (discontinued): 8.3%
Low Doc: 8.3%
First-time Home Buyer: 8.3%
Total Application Types Found: 7

Age Demographics for Norwood Mortgage Applicants

Average age: 44
Oldest age: 53
Youngest age: 24

Incomes for Norwood Mortgage Applicants

The amounts below are the average income of people living in Norwood who have applied for a home loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Norwood: $41,536.36
applicants within all of Canada: $60,852.54
Difference: ($19,316.18)
mortgage co-applicants in Norwood: $33,250.00
co-applicants within all of Canada: $43,965.51
Difference: ($10,715.51)

Note: Commercial Mortgage loans were not included for this section, only residential mortgage loans from Norwood, Ontario were used.

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

Mortgage Product Type Inquiries
Refinance/Consolidate Debt22.78%
Mortgage Pre-approval17.72%
First-time Home Buyer16.46%
No Money Down discontinued12.66%
New Purchase12.66%
Mortgage Renewal6.33%
Mortgage Rates
Mortgage rates have been so low for so long that it might be hard to remember a time when they weren't low, but if you use our rate history page, you can look back and see how things have changed over the years.
Mortgage Rates