Sentences with phrase «per cent of mortgage holders»

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.

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.

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.

During the past year, 15 per cent of mortgage holders took equity out of their homes, representing a national total of $ 34 billion.

Only two per cent of mortgage holders have negative home equity, meaning the value of the mortgage exceeds the value of the home.

«But more than 44 per cent of mortgage holders were cash flow negative — meaning the owners were spending more to maintain the condos every month than they were getting in rental income.

* 18 per cent of mortgage holders increased their mortgage payments in the past year.

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.

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.

About 60 per cent of mortgage holders make only their minimum mortgage payment, finds the Canadian Association of Accredited Mortgage Professionals.

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.

• 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.

Not exact matches

However, a further increase of one - half of a per cent would negatively impact 20 per cent of Canadian mortgage holder's overall standard of living.

When it comes time for renewal, half the mortgage holders will likely go with a fixed - rate mortgage, 25 per cent say they will select a variable rate, and another 25 per cent plan to go with a combination of both.

Almost half of all mortgage holders (48 per cent) plan to lock in their renewals for five - year terms.

It says 42 per cent of residential mortgage holders polled have not seen their overall standard of living significantly affected by the recent mortgage rate increases.

The report simulates the impact of mortgage rate increases up to 5.25 per cent and finds that about 375,000 mortgage holders are already challenged by their current payments, and another 475,000 might be if their rate rises to 5.25 per cent.

Mortgage holders are «extremely successful» negotiating their interest rates, knocking off an average of 1.68 per cent from the posted rate, says the association.