Key Questions:

1. Who are the leading lenders in Miami-Dade, Florida?
   1. The leading lenders, by market share, are Countrywide Home Loans, Jpmorgan Chase Bank and Countrywide Bank, Fsb. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Miami-Dade, Florida be in paying off their mortgage?
   1. Homeowners in Miami-Dade, Florida borrowed an average of 1.85 times their annual income for their mortgage. This compares to 1.89 for all of the US. Based on the national average, there will be a normal risk that Miami-Dade, Florida homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Miami-Dade, Florida to actually live in them?
   1. 85.8% of home owners in Miami-Dade, Florida that applied for a mortgage in 2007 live in their homes versus owning them as an investment property. This compares to the national average of 89.7%.
4. How at risk is Miami-Dade, Florida to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Miami-Dade, Florida than the national average in 2007. That is to say, Miami-Dade, Florida will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Miami-Dade, Florida - 11.1% versus 7.2% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Miami-Dade, Florida than other areas of the US.