Key Questions:

1. How at risk is Buncombe, North Carolina to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Buncombe, North Carolina were meaningfully less than the national average in 2006. That is to say, Buncombe, North Carolina will likely be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Buncombe, North Carolina - 9.3% versus 12.0% - will reset to higher rates in 2008.
2. How stretched will home owners in Buncombe, North Carolina be in paying off their mortgage?
   1. Homeowners in Buncombe, North Carolina borrowed an average of 1.72 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 Buncombe, North Carolina homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Buncombe, North Carolina?
   1. The leading lenders, by market share, are Countrywide Home Loans, Wachovia Bank and Wells Fargo Bank, Na. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Buncombe, North Carolina to actually live in them?
   1. 83.4% of home owners in Buncombe, North Carolina 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%.