Key Questions:

1. How at risk is Monroe, New York to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Monroe, New York were meaningfully less than the national average in 2006. That is to say, Monroe, New York will likely be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Monroe, New York - 9.8% versus 12.0% - will reset to higher rates in 2008.
2. How stretched will home owners in Monroe, New York be in paying off their mortgage?
   1. Homeowners in Monroe, New York borrowed an average of 1.24 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 Monroe, New York homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Monroe, New York?
   1. The leading lenders, by market share, are Esl Federal Credit Union, Beneficial Company Llc and Hsbc Mortgage Corporation. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Monroe, New York to actually live in them?
   1. 91.3% of home owners in Monroe, New York 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%.