Key Questions:

1. How at risk is Bay, Michigan to the subprime mortgage crisis?
   1. Loans taken out by home owners in Bay, Michigan are within a +/- 10 percent band of the national average. That is to say, Bay, Michigan will likely be affected by the subprime mortgage crisis just like the average county in the US.
2. How stretched will home owners in Bay, Michigan be in paying off their mortgage?
   1. Homeowners in Bay, Michigan borrowed an average of 1.43 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, there will be a normal risk that Bay, Michigan homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Bay, Michigan?
   1. The leading lenders, by market share, are Countrywide Home Loans, National City Bank and Chemical Bank. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Bay, Michigan to actually live in them?
   1. 93.9% of home owners in Bay, Michigan 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%.