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Skead Mortgage Information

Average Mortgage Loan in Skead: $140,000

How Skead Ranks in Ontario for Mortgage Business

The following table lists how Skead 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
518SPANISH, ON 0.007%
519PLAINFIELD, ON 0.007%
520YARKER, ON 0.007%
521PORT LAMBTON, ON 0.007%
522BELMONT, ON 0.007%
523SKEAD, ON 0.007%
524MANITOWANING, ON 0.007%
525MOOSE FACTORY, ON 0.007%
526TORRANCE, ON 0.007%
527CHALK RIVER, ON 0.007%
528BRAESIDE, ON 0.007%

Types of Mortgage Inquiries Received from Skead


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 75.0%
New Home Purchase: 25.0%
 
Total Application Types Found: 2

Age Demographics for Skead Applicants

Average age: 39
Oldest age: 48
Youngest age: 31


Incomes for Skead Applicants

The following depicts the average income of people living in Skead 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 Skead: $96,321.67
applicants within all of Canada: $60,852.54
Difference: $35,469.12
  

Since the average income of Skead is substantially higher than our national average, we have included the MEDIAN annual gross income for this town. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Skead: $120,000.00
applicants within all of Canada: $60,852.54
Difference: $59,147.46

Note: Commercial Mortgages were not included for this report, only residential loans amounts were used.


Last mortgage report update for Skead: Friday, July 1, 2016
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