Key Questions:

1. Who are the leading lenders in Alpena, Michigan?
   1. The leading lenders, by market share, are Taylor, Bean & Whitaker, Independent Mortgage Co and Jpmorgan Chase Bank, Na. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Alpena, Michigan be in paying off their mortgage?
   1. Homeowners in Alpena, Michigan borrowed an average of 1.41 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, a significantly lower risk that Alpena, Michigan homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Alpena, Michigan to actually live in them?
   1. 90.9% of home owners in Alpena, Michigan that applied for a mortgage in 2008 live in their homes versus owning them as an investment property. This compares to the national average of 90.0%.
4. How at risk is Alpena, Michigan to the subprime mortgage crisis?
   1. Loans taken out by home owners in Alpena, Michigan are within a +/- 10 percent band of the national average. That is to say, Alpena, Michigan will likely be affected by the subprime mortgage crisis just like the average county in the US.