Key Questions:

1. Who are the leading lenders in Lake, Oregon?
   1. The leading lenders, by market share, are Jpmorgan Chase Bank, Na, South Valley Bank & Trust 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 Lake, Oregon be in paying off their mortgage?
   1. Homeowners in Lake, Oregon borrowed an average of 1.84 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 Lake, Oregon homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Lake, Oregon to actually live in them?
   1. 93.1% of home owners in Lake, Oregon 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 Lake, Oregon to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Lake, Oregon than the national average in 2008. That is to say, Lake, Oregon will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Lake, Oregon - 7.3% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Lake, Oregon than other areas of the US.