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Magog Mortgage Information

Average Mortgage Loan in Magog: $189,000

How Magog Ranks in Quebec for Mortgage Business

The following table lists how Magog 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
51WAKEFIELD, QC 0.012%
52SAINT-BRUNO, QC 0.012%
53NOTRE-DAME-DE-L'ILE-PERROT, QC 0.012%
54GASPE, QC 0.012%
55SAINT-CONSTANT, QC 0.012%
56MAGOG, QC 0.010%
57ROXBORO, QC 0.010%
58SAINTE-JULIE, QC 0.010%
59COURCELETTE, QC 0.010%
60MONTREAL-NORD, QC 0.010%
61CANTLEY, QC 0.010%

Types of Mortgage Inquiries Received from Magog


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 33.3%
New Home Purchase: 16.7%
Mortgage Pre-approval: 16.7%
No Money Down Mortgage (discontinued): 16.7%
Pre-approval: 16.7%
 
Total Application Types Found: 5

Age Demographics for Magog Mortgage Applicants

Average age: 47
Oldest age: 71
Youngest age: 36


Incomes for Magog Mortgage Applicants

The amounts shown below represent the average income of people living in Magog who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Magog: $51,600.00
applicants within all of Canada: $60,852.54
Difference: ($9,252.54)
  

Note: Commercial Mortgages were not included for this survey, only residential mortgage loans were used.


Last mortgage report update for Magog: Friday, July 1, 2016
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for customers in the province of Quebec.

Mortgage Product Type Inquiries
Mortgage Pre-approval17.47%
Refinance/Consolidate Debt14.75%
First-time Home Buyer14.62%
Mortgage Renewal14.00%
New Purchase10.80%
No Money Down discontinued10.01%
Pre-approval9.48%
Other8.86%
 
Mortgage Rate History
Rates are at historic lows. Want to see how the prime and mortgage rates have changed over the last ten years? Find more information with our mortgage rate history tables and graphs.
Mortgage Rates History