Key Questions:

1. Who are the leading lenders in Kalamazoo, Michigan?
   1. The leading lenders, by market share, are Fifth Third Mortgage, Mi Llc, Wells Fargo Bank, Na and Fifth Third Mortgage Company. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Kalamazoo, Michigan be in paying off their mortgage?
   1. Homeowners in Kalamazoo, Michigan borrowed an average of 1.67 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Kalamazoo, Michigan homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Kalamazoo, Michigan to actually live in them?
   1. 93.6% of home owners in Kalamazoo, 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 Kalamazoo, Michigan to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Kalamazoo, Michigan than the national average in 2008. That is to say, Kalamazoo, Michigan will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Kalamazoo, Michigan - 6.3% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Kalamazoo, Michigan than other areas of the US.