Sentences with phrase «cent of mortgage holders»
• About 16 per cent of mortgage holders increased their mortgages payments in 2016 and 18 per cent made an additional lump sum payment in the last year.
canadianbusiness.com
• About 16 per cent of mortgage holders increased their mortgages payments in 2016 and 18 per cent made an additional lump sum payment in the last year.
During the past year, 15 per cent of mortgage holders took equity out of their homes, representing a national total of $ 34 billion.
An increase of one percentage point from current rates would negatively impact the overall standard of living of 29 per cent of mortgage holders polled.
* 18 per cent of mortgage holders increased their mortgage payments in the past year.
Eighty - four per cent of mortgage holders said they can handle an increase of $ 200 per month in their mortgage payments, and 78 per cent have at least 25 per cent equity in their homes.
* Levels of equity takeout have dropped in 2011 — only 10 per cent of mortgage holders took out equity in the last year, a 40 per cent drop from 2010.
Even among respondents who had bought in the last four years, 69 per cent of mortgage holders had 25 per cent or more equity in their homes.
Thirty - eight per cent of mortgage holders have borrowed against the equity in their homes.
Only 21 per cent of mortgage holders would see a significant impact on their standard of living for a monthly mortgage rate increase of $ 100; 53 per cent would see an impact, with an increase of $ 200, the study says.
Over 40 per cent of all mortgage holders have at least 50 per cent of the value of their homes in equity, and of all Canadian homeowners, which includes those without mortgages, 65 per cent hold at least half the value of their properties, says CAAMP.
Only two per cent of mortgage holders have negative home equity, meaning the value of the mortgage exceeds the value of the home.
Ninety - three per cent of mortgage holders have never missed a payment and of the seven per cent who have, four per cent did so during the past year.