Key Questions:

1. How at risk is Montgomery, Illinois to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Montgomery, Illinois were meaningful more than the national average in 2006. That is to say, Montgomery, Illinois will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Montgomery, Illinois - 14.6% 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 Montgomery, Illinois than other areas of the US.
2. How stretched will home owners in Montgomery, Illinois be in paying off their mortgage?
   1. Homeowners in Montgomery, Illinois borrowed an average of 1.25 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 Montgomery, Illinois homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Montgomery, Illinois?
   1. The leading lenders, by market share, are Bank & Trust Company, National Bank and Beneficial Company Llc. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Montgomery, Illinois to actually live in them?
   1. 93.3% of home owners in Montgomery, Illinois 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%.