Key Questions:

1. How at risk is Schenectady, New York to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Schenectady, New York were meaningful more than the national average in 2006. That is to say, Schenectady, New York will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Schenectady, New York - 13.4% versus 12.0% - will reset to higher rates in 2008. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Schenectady, New York than other areas of the US.
2. How stretched will home owners in Schenectady, New York be in paying off their mortgage?
   1. Homeowners in Schenectady, New York borrowed an average of 1.47 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 Schenectady, New York homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Schenectady, New York?
   1. The leading lenders, by market share, are Countrywide Home Loans, Trustco Bank and Hfc Company Llc. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Schenectady, New York to actually live in them?
   1. 89.5% of home owners in Schenectady, 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%.