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Paradise Mortgage Information

Average Mortgage Loan in Paradise: $187,209

Busy Days for Mortgages Originating within Paradise

The information below compares the busy days for Internet applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Paradise the busiest day of the week, with 20.00% of all submissions, is Tuesday. In comparison, Thursday's are the slowest day with only 3.33% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 20.0%
2 Friday: 20.0%
3 Sunday: 20.0%
4 Monday: 13.3%
5 Wednesday: 13.3%
6 Saturday: 10.0%
7 Thursday: 3.3%
Busy Days Report for Paradise Mortgages

Peak Hours for Mortgage Applicants within Paradise

Mortgage inquiries are received 24 hours a day from the Mortgage Super Brokers web site. The report shown below indicates the peak hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Paradise
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: 3.3%
6AM 06:00 to 06:59: 3.3%
7AM 07:00 to 07:59: 3.3%
8AM 08:00 to 08:59: 10.0%
9AM 09:00 to 09:59: 10.0%
10AM 10:00 to 10:59: 3.3%
11AM 11:00 to 11:59: 6.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.0%
1PM 13:00 to 13:59: 20.0%
2PM 14:00 to 14:59: 6.7%
3PM 15:00 to 15:59: 3.3%
4PM 16:00 to 16:59: 3.3%
5PM 17:00 to 17:59: 6.7%
6PM 18:00 to 18:59: 6.7%
7PM 19:00 to 19:59: 3.3%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

Newfoundland and Labrador 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 Paradise Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how Paradise 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
1ST JOHN'S, NL 0.289%
2CORNER BROOK, NL 0.121%
3MOUNT PEARL, NL 0.088%
4PARADISE, NL 0.052%
5GRAND FALLS-WINDSOR, NL 0.050%
6CONCEPTION BAY SOUTH, NL 0.048%
7GANDER, NL 0.035%
8PORTUGAL COVE-ST PHILIPS, NL 0.033%
9HAPPY VALLEY-GOOSE BAY, NL 0.022%

Types of Mortgage Inquiries Received from Paradise


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 30.0%
New Home Purchase: 16.7%
Refinance / Debt Consolidation: 16.7%
Mortgage Renewal: 13.3%
No Money Down Mortgage (discontinued): 6.7%
Pre-approval: 6.7%
First-time Home Buyer: 6.7%
Other: 3.3%
 
Total Application Types Found: 8

Age Demographics for Paradise Mortgage Applicants

Average age: 38
Oldest age: 56
Youngest age: 23


Incomes for Paradise Mortgage Applicants

The amounts below are the average income of applicants living in Paradise who have applied for a loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Paradise: $78,372.14
applicants within all of Canada: $60,852.54
Difference: $17,519.60
  
mortgage co-applicants in Paradise: $38,890.00
co-applicants within all of Canada: $43,965.51
Difference: ($5,075.51)

Note: Commercial Mortgage loans were not included for this section, only residential loans from Paradise, Newfoundland and Labrador were used.


Last mortgage report update for Paradise: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in St John's.

Mortgage Product Type Inquiries
Mortgage Pre-approval26.95%
First-time Home Buyer17.37%
No Money Down discontinued13.77%
Refinance/Consolidate Debt13.77%
Mortgage Renewal13.17%
New Purchase10.78%
Other4.2%
 
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