The Get Home Denver Team

It looks like you're new here. I appreciate you stopping by! Feel free to throw down some graffiti on my wall by adding a comment to this post! And, if you like what you see, please subscribe to the feed and I'll deliver all my new content, right to you! Thanks for visiting!

PMI, Private Mortgage Insurance, is required on most mortgage loans in which the borrower has less than a 20% equity position.  These insurance companies charge the borrower a premium to benefit the mortgage lender in case of default.  Part of their insurance rate analysis includes an in-depth analysis on the potential for property value decline.  Obviously, a large concern for everyone today.

From The PMI Group, Inc.

Risk scores translate directly into an estimated percentage risk that home prices will be lower in two years. The Summer 2008 Risk Index is based on first-quarter Office of Federal Housing Enterprise Oversight (OFHEO) data.

The Great News, Denver is one of only only 14 areas in the country, with a less than 1% risk of prices dropping in the next two years!

To see the other 13 areas, click here.