Key Questions:

1. How at risk is Berkeley, West Virginia to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Berkeley, West Virginia were meaningful more than the national average in 2006. That is to say, Berkeley, West Virginia will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Berkeley, West Virginia - 13.3% versus 12.0% - will reset to higher rates in 2008. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Berkeley, West Virginia than other areas of the US.
2. How stretched will home owners in Berkeley, West Virginia be in paying off their mortgage?
   1. Homeowners in Berkeley, West Virginia 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 Berkeley, West Virginia homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Berkeley, West Virginia?
   1. The leading lenders, by market share, are Wells Fargo Bank, Na, Countrywide Home Loans and Branch Banking And Trust Co. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Berkeley, West Virginia to actually live in them?
   1. 90.2% of home owners in Berkeley, West Virginia 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%.