Key Questions:

1. Who are the leading lenders in Chester, Tennessee?
   1. The leading lenders, by market share, are Clayton Bank & Trust, Countrywide Bank, Fsb and First State Bank. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Chester, Tennessee be in paying off their mortgage?
   1. Homeowners in Chester, Tennessee borrowed an average of 1.58 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 Chester, Tennessee homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Chester, Tennessee to actually live in them?
   1. 90.3% of home owners in Chester, Tennessee 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 Chester, Tennessee to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Chester, Tennessee than the national average in 2008. That is to say, Chester, Tennessee will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Chester, Tennessee - 19.6% 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 Chester, Tennessee than other areas of the US.