Key Questions:

1. How at risk is Cullman, Alabama to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Cullman, Alabama than the national average in 2006. That is to say, Cullman, Alabama will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Cullman, Alabama - 18.9% versus 12.0% - will reset to higher rates in 2008. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Cullman, Alabama than other areas of the US.
2. How stretched will home owners in Cullman, Alabama be in paying off their mortgage?
   1. Homeowners in Cullman, Alabama borrowed an average of 1.53 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, there will be a normal risk that Cullman, Alabama homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Cullman, Alabama?
   1. The leading lenders, by market share, are Countrywide Home Loans, Evabank and Hfc Company Llc. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Cullman, Alabama to actually live in them?
   1. 88.5% of home owners in Cullman, Alabama that applied for a mortgage in 2006 live in their homes versus owning them as an investment property. This compares to the national average of 89.0%.