Key Questions:

1. Who are the leading lenders in New Jersey?
   1. The leading lenders, by market share, are Countrywide Bank, Fsb, Jpmorgan Chase Bank, Na and Wells Fargo Bank, Na. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in New Jersey be in paying off their mortgage?
   1. Homeowners in New Jersey borrowed an average of 2.05 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 New Jersey homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in New Jersey to actually live in them?
   1. 92.2% of home owners in New Jersey 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 New Jersey to the subprime mortgage crisis?
   1. There were significantly less subprime loans taken out by home owners in New Jersey than the national average in 2008. That is to say, New Jersey will be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in New Jersey - 2.9% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be less foreclosures caused by the reseting of subprime mortgages in New Jersey than other areas of the US.