Key Questions:

1. Who are the leading lenders in Penuelas, Puerto Rico?
   1. The leading lenders, by market share, are Popular Mortgage, Inc., R-G Premier Bank Of P.R. and R & G Mortgage Corporation. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Penuelas, Puerto Rico be in paying off their mortgage?
   1. Homeowners in Penuelas, Puerto Rico borrowed an average of 1.39 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, a significantly lower risk that Penuelas, Puerto Rico homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Penuelas, Puerto Rico to actually live in them?
   1. 93.6% of home owners in Penuelas, Puerto Rico 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 Penuelas, Puerto Rico to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Penuelas, Puerto Rico than the national average in 2008. That is to say, Penuelas, Puerto Rico will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Penuelas, Puerto Rico - 10.5% 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 Penuelas, Puerto Rico than other areas of the US.