Key Questions:

1. How at risk is Ballard, Kentucky to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Ballard, Kentucky were meaningful more than the national average in 2006. That is to say, Ballard, Kentucky will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Ballard, Kentucky - 13.5% 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 Ballard, Kentucky than other areas of the US.
2. How stretched will home owners in Ballard, Kentucky be in paying off their mortgage?
   1. Homeowners in Ballard, Kentucky borrowed an average of 1.18 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 Ballard, Kentucky homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Ballard, Kentucky?
   1. The leading lenders, by market share, are Regions Bank, Beneficial Company Llc and Phh Mortgage Corporation. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Ballard, Kentucky to actually live in them?
   1. 91.4% of home owners in Ballard, Kentucky 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%.