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Baie Verte Mortgage Information

Average Mortgage Loan in Baie Verte: $82,500

How Baie Verte Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how Baie Verte 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
18DOYLES, NL 0.012%
19DEER LAKE, NL 0.012%
21CARBONEAR, NL 0.012%
22BOTWOOD, NL 0.010%
23BAIE VERTE, NL 0.009%
24TORBAY, NL 0.009%
25KIPPENS, NL 0.009%

Types of Mortgage Inquiries Received from Baie Verte

Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 40.0%
Mortgage Pre-approval: 20.0%
Home Renovation: 20.0%
No Money Down Mortgage (discontinued): 20.0%
Total Application Types Found: 4

Age Demographics for Baie Verte Mortgage Applicants

Average age: 41
Oldest age: 47
Youngest age: 32

Incomes for Baie Verte Mortgage Applicants

The figures below represent the average income of Canadians living in Baie Verte who have applied for a mortgage loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Baie Verte: $39,912.00
applicants within all of Canada: $60,852.54
Difference: ($20,940.54)

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

Last mortgage report update for Baie Verte: Friday, July 1, 2016
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Did you know? The average home loan in St John's is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Newfoundland and Labrador
Important Tip on Credit Card Debt
Credit card interest rates average at around 18.9 per cent. You, like many other Canadians, may have over ten thousand dollars charged to your credit card, but, if you only make the minimum required monthly payment of 2 per cent ($200 the first month) that $10,000 in credit card debt will ultimately take more than 57 years and cost around 40,000 dollars to fully pay off.

Using a home equity loan will allow you to eliminate the high interest credit card (and by eliminate we mean cut up) and consolidate the debt to a low interest rate mortgage payment.