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Mortgage and Lending - Home Loans by Sean Young - New American Funding - NMLS: 191647
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Follow These 6 Steps When Using Gift Funds    Gifts are allowed in most cases but the problem is, if you don’t accept the gift in a  “lender-friendly” way, the mortgage underwriter could reject it, and not allow it.   Six Steps To Success With Your Down Payment Gift Funds  You can’t just deposit ...
Distressed Property Numbers Distressed Property Numbers are Diving. From the most recent CoreLogic report distressed inventories have fallen by 14.4% this year. Completed foreclosures are down 20% since last year. The national foreclosure inventory is down 28% and the seriously delinquent loans, ...
This payment chart shows the payment difference with rates from 4.5 percent up to 6 percent and loan amounts from $100,000.00 to $500,000.00 to show you what the principal and interest payment would be. Sean Young Google+   *This chart is only an example to show what the dif...
Investors coming into the market helped the market in a very big way. But we can see the number of distressed property sales has dropped down in half to 18 percent. The shadow inventory is become less and less over time and we’re getting back to more normalized numbers. It’s still high but nowhe...
  An interesting study was reported by the “Wall Street Journal” last month. It said the agents that who concentrate in specific geographic areas actually do a better job for the homeowner than people who don’t. Obviously, this is not the case in every situation, but there was an actual study th...
  Take a look at the Campbell Inside Mortgage Finance Survey. Current homeowners or the move‐up buyer is 43.8 percent of the market. First time home buyers are 36 percent which is still a little low. Now part of the reason that’s low is a lot of the houses they would’ve bought, the investors are...
Will Rates Go Up In The Near Future?   There are two quotes that came out recently with in the last 30 days that could be of concern.The first was from Doug Duncan, the Chief Economist at Fannie Mae who said “I don’t think the Fed ultimately would be troubled with a 6.5 percent mortgage rate.” He...

Sean Young

Colorado loan officer
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I literally fell into this business, 42 feet to be exact. Straight down an elevator shaft 17 years ago. Ever since I have been a Colorado loan officer - My goal is to always make the loan transaction as stress free as possible and to always close on time. For some reason lenders forget that contract dates actually mean something. Go figure...right? Weird, I know! - I Currently sponsor weekly training webinars that feature ways to help your business by presenting cutting edge, innovative technology, strategies and transforming ideas to meet current market conditions. - I believe that success breeds success and that we are at our best when we are helping others to succeed. Basically a Zig Ziglar fan. :)