Key Questions:

1. How at risk is Rhode Island to the subprime mortgage crisis?
   1. Loans taken out by home owners in Rhode Island are within a +/- 10 percent band of the national average. That is to say, Rhode Island will likely be affected by the subprime mortgage crisis just like the average county in the US.
2. How stretched will home owners in Rhode Island be in paying off their mortgage?
   1. Homeowners in Rhode Island borrowed an average of 1.97 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 Rhode Island homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Rhode Island?
   1. The leading lenders, by market share, are Countrywide Home Loans, Citizens Bank Of Rhode Island and Bank Of America, N.A.. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Rhode Island to actually live in them?
   1. 91.7% of home owners in Rhode Island 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%.