Querying Radio Selection

I know I can use a query in a text field to return a database value on my update page:

<cfoutput>
<input name="LOANTYPE" type="text" value="#Trim(GetProperty.LOANTYPE)#" size="20">
</cfoutput>

Is it possible to do this with a radio button and show which selection the user previously clicked?

For instance:
<input type="radio" name="R1" value="yes">
<input type="radio" name="R1" value="no">

If they clicked "no" can the 2nd selection show as "checked?"

<input type="radio" name="R1" value="yes" <cfif GetProperty.LOANTYPE is 'yes'> checked </cfif> >
<input type="radio" name="R1" value="no" <cfif GetProperty.LOANTYPE is 'no'> checked </cfif> >


Like that

Much thanks