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Portugal Cove-St Philips Mortgage Information

Average Mortgage Loan in Portugal Cove-St Philips: $151,704

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 Portugal Cove-St Philips Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how Portugal Cove-St Philips 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
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%
10LABRADOR CITY, NL 0.022%
11GOULDS, NL 0.019%
12CLARENVILLE, NL 0.017%
13MARYSTOWN, NL 0.017%

Types of Mortgage Inquiries Received from Portugal Cove-St Philips


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 31.6%
New Home Purchase: 15.8%
Mortgage Pre-approval: 15.8%
First-time Home Buyer: 15.8%
No Money Down Mortgage (discontinued): 10.5%
Mortgage Renewal: 5.3%
Low Doc: 5.3%
 
Total Application Types Found: 7

Age Demographics for Portugal Cove-St Philips Originated Mortgages

Average age: 37
Oldest age: 52
Youngest age: 26


Incomes for Portugal Cove-St Philips Originated Mortgages

The numbers below represent the average income of people living in Portugal Cove-St Philips who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Portugal Cove-St Philips: $65,067.12
applicants within all of Canada: $60,852.54
Difference: $4,214.58
  
mortgage co-applicants in Portugal Cove-St Philips: $46,150.00
co-applicants within all of Canada: $43,965.51
Difference: $2,184.49

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


Last mortgage report update for Portugal Cove-St Philips: Friday, July 1, 2016
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