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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%
251AMHERSTVIEW, ON 0.021%
252EXETER, ON 0.021%
253CARRYING PLACE, 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.

Nearest Settlements


1Hastings, Ontario
2Peterborough, Ontario
3Havelock, Ontario
4Ennismore, Ontario
5Roseneath, Ontario
6Keene, Ontario
7Lakefield, Ontario
8Bridgenorth, Ontario
9Marmora, Ontario
10Dunsford, Ontario
11Cavan, Ontario
12Gores Landing, Ontario
13Castleton, Ontario
14Bewdley, Ontario
15Millbrook, Ontario
16Fenelon Falls, Ontario
17Warkworth, Ontario
18Omemee, Ontario
19Coboconk, Ontario
20Bethany, Ontario
21Norland, Ontario
22Cobourg, Ontario
23Caesarea, Ontario
24Baltimore, Ontario
25Perth Road, Ontario
26Kinmount, Ontario
27Kirkfield, Ontario
28Seagrave, Ontario


Last mortgage report update for Norwood: 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 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%
Other11.41%
 
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