Key Questions:

1. How at risk is Charles Mix, South Dakota to the subprime mortgage crisis?
   1. There were significantly less subprime loans taken out by home owners in Charles Mix, South Dakota than the national average in 2006. That is to say, Charles Mix, South Dakota will be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Charles Mix, South Dakota - 8.5% 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 Charles Mix, South Dakota than other areas of the US.
2. How stretched will home owners in Charles Mix, South Dakota be in paying off their mortgage?
   1. Homeowners in Charles Mix, South Dakota borrowed an average of 1.37 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 Charles Mix, South Dakota homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Charles Mix, South Dakota?
   1. The leading lenders, by market share, are Wells Fargo Bank, Na, First Dakota National Bank and Beneficial Company Llc. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Charles Mix, South Dakota to actually live in them?
   1. 90.8% of home owners in Charles Mix, South Dakota 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%.