Key Questions:

1. How at risk is Westchester, New York to the subprime mortgage crisis?
   1. There were significantly less subprime loans taken out by home owners in Westchester, New York than the national average in 2006. That is to say, Westchester, New York will be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Westchester, New York - 8.4% versus 12.0% - will reset to higher rates in 2008. This will mean that there will be less foreclosures caused by the reseting of subprime mortgages in Westchester, New York than other areas of the US.
2. How stretched will home owners in Westchester, New York be in paying off their mortgage?
   1. Homeowners in Westchester, New York borrowed an average of 1.96 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 Westchester, New York homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Westchester, New York?
   1. The leading lenders, by market share, are Jpmorgan Chase Bank, Wells Fargo Bank, Na and Countrywide Home Loans. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Westchester, New York to actually live in them?
   1. 94.7% of home owners in Westchester, 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%.