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

Oromocto Mortgage Information

Average Mortgage Loan in Oromocto: $172,111

Busy Days for Mortgages Received within Oromocto

The graph below compares the busy days for Internet mortgage applications that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In Oromocto the busiest day, with 21.74% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 4.35% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 21.7%
2 Thursday: 21.7%
3 Sunday: 19.6%
4 Monday: 15.2%
5 Friday: 8.7%
6 Wednesday: 8.7%
7 Saturday: 4.3%
Busy Days Report for Oromocto Mortgages

Peak Hours for Mortgages within Oromocto

Mortgage applications are received 24 hours a day from the Super Brokers web site. The report shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 37.0% of all mortgages are received during the morning, while 60.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in Oromocto
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 2.2%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 6.5%
8AM 08:00 to 08:59: 15.2%
9AM 09:00 to 09:59: 6.5%
10AM 10:00 to 10:59: 6.5%
11AM 11:00 to 11:59: 2.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.9%
1PM 13:00 to 13:59: 6.5%
2PM 14:00 to 14:59: 2.2%
3PM 15:00 to 15:59: 4.3%
4PM 16:00 to 16:59: 6.5%
5PM 17:00 to 17:59: 10.9%
6PM 18:00 to 18:59: 4.3%
7PM 19:00 to 19:59: 6.5%
8PM 20:00 to 20:59: 4.3%
9PM 21:00 to 21:59: 2.2%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 2.2%

New Brunswick Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Oromocto Ranks in New Brunswick for Mortgage Business

The following table lists how Oromocto 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
2SAINT JOHN, NB 0.290%
3FREDERICTON, NB 0.284%
4RIVERVIEW, NB 0.092%
5MIRAMICHI, NB 0.085%
6DIEPPE, NB 0.083%
7OROMOCTO, NB 0.080%
8BATHURST, NB 0.064%
9WOODSTOCK, NB 0.040%
10ROTHESAY, NB 0.033%
11GRAND FALLS, NB 0.031%
12ST STEPHEN, NB 0.029%

Types of Mortgage Inquiries Received from Oromocto


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 32.6%
No Money Down Mortgage (discontinued): 32.6%
First-time Home Buyer: 21.7%
New Home Purchase: 10.9%
Other: 2.2%
 
Total Application Types Found: 5

Age Demographics for Oromocto Mortgages

Average age: 32
Oldest age: 57
Youngest age: 22


Incomes for Oromocto Mortgages

The amounts shown below represent the average income of people living in Oromocto who have applied for a loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Oromocto: $55,641.71
applicants within all of Canada: $60,852.54
Difference: ($5,210.83)
  
mortgage co-applicants in Oromocto: $37,987.69
co-applicants within all of Canada: $43,965.51
Difference: ($5,977.82)

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


Last mortgage report update for Oromocto: 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 New Brunswick.

Mortgage Product Type Inquiries
Mortgage Pre-approval23.61%
First-time Home Buyer20.19%
New Purchase17.52%
No Money Down discontinued15.20%
Refinance/Consolidate Debt12.05%
Mortgage Renewal5.07%
Other6.37%
 
Try Our Mortgage Calculator
Do you ever doubt the mortgage advice your bank manager gives you? You'd better, because they're looking at their own bottom line when they tell you to refinance and lock in for longer. Use our mortgage calculator to examine their claims, and find out if what they say is really in your best interest.
Calculator