Key Questions:

1. How at risk is Wilcox, Alabama to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Wilcox, Alabama were meaningful more than the national average in 2006. That is to say, Wilcox, Alabama will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Wilcox, Alabama - 14.4% versus 12.0% - will reset to higher rates in 2008. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Wilcox, Alabama than other areas of the US.
2. How stretched will home owners in Wilcox, Alabama be in paying off their mortgage?
   1. Homeowners in Wilcox, Alabama borrowed an average of 1.27 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, a significantly lower risk that Wilcox, Alabama homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Wilcox, Alabama?
   1. The leading lenders, by market share, are Countrywide Home Loans, The Mortgage Outlet, Inc. and First United Security Bank. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Wilcox, Alabama to actually live in them?
   1. 88.0% of home owners in Wilcox, 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%.