SUSAN AU-YOUNG | MORTGAGE SPECIALIST

Mortgages Made Simple

RESIDENTIAL | COMMERCIAL | WEALTH |PRIVATE
CONTACT ME

Office: 604 551 8148

Servicing Metro Vancouver & Fraser Valley 

About Me


Hello, I’m Susan Au-Young, thanks for taking the time to visit my website. 

Susan is a Mortgage Specialist with a comprehensive background in residential & commercial financing and a strong knowledge and expertise on investment-lending and market trends with some of the top financial institutions for over 15 years.  

Passionate about People
Raised in Vancouver most of her life, Susan is very passionate in working with people and developed a knack for helping clients understand the many financial risks and opportunities they face; while providing a vast wealth of products through Canada’s largest banks, credit unions, trust companies, and financial institutions.

“Susan is here to provide clients with mortgage solutions to drive their personal and business financial success and give them an array of options to achieve their short and long-term goals”

Work Recognitions
Throughout Susan’s career she has been recognized for her dedication and hard work with all walks of life: including high value clientele; retirees, self employed, business owners, professionals and investors. Specialties in residential debt consolidation, private financing, conventional, insured, first time buyers to much more complex financing including commercial, construction, high net worth equity investment financing. 

Recognition-Community Involvement 
Recognized for her lifetime community involvements working with education & health issues, children, seniors, art & culture, and economic-social diversity and multiculturalism.  

Personal Interests
Susan also enjoys spending time with family and friends, yet finds time for simple gourmet cooking with a combination of a healthy lifestyle; pilates, road cycling, jogging, tennis and golf enthuse.   

Call Susan today at 604-551-8148 or messenger her for any questions or just a free financing review of your existing mortgage, to inquire further about a refinance or a purchase or simply to understand your options available to you and pre-plan your next lifestyle goals.

STEP ONE
Start the conversation. 

The best place to start is to connect with me directly. The mortgage process is personal, and it can be daunting. My commitment to you is that I'll listen to all your needs, assess your financial situation, and provide you with a plan to move forward. 

STEP TWO
Choose the best option. 

Once we’ve had a look at your financial situation, we’ll consider a variety of mortgage options, I’ll outline what documents are necessary to qualify for a mortgage, negotiate with the lenders on your behalf, and arrange the mortgage that best suits your needs.


STEP THREE
Sit back and relax. 

Once we’ve arranged the mortgage product that best suits your needs, you’re not alone. I’m your mortgage professional for life. If you’ve got questions in the years to come, I’m always available to make sure that your mortgage is working for you, and not the other way around!


Lenders

I've developed excellent relationships with many lenders across the country. 
Let's figure out which one has the best product for you. 

Mortgage Services

As a mortgage professional it's my job to be the go-between between you and a mortgage lender. I make sure that you know all the products available to you, and are equipped with the knowledge to make the best decisions for you and your family. 

I can help you arrange mortgage financing for the following services.



Flexible Mortgages

As your life can change at any time, I offer a wide range of flexible mortgage products.

Qualified Advice

As a licensed mortgage expert, I'll listen to your needs and answer your questions. 

No Cost to You

There are no fees for my services, once you find the perfect product, the lender pays me a commission. 

Advocacy

I commit to working on your behalf to find you the best mortgage for your needs.

Professional Commercial Mortgage Services including:


CMHC Insured Multi-Family Residential Mortgages
Conventional Multi-Family Residential Mortgages
Modular/Mobile/Manufactured Home Park Mortgages
Owner Occupied Property Mortgages
Construction Mortgages
Development Mortgages
Shopping Malls & Retail Plazas
Office & Medical Buildings
Industrial Properties
Financial Projections
Feasibility Studies & Analysis  

Mortgage Articles


By Susan Au-Young 29 Oct, 2024
Sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn’t mean your life is over, and it doesn’t mean you won’t ever qualify for a mortgage again. The key to financial success here is getting things under control as quickly as possible. You must demonstrate to the potential lenders that what happened in the past won’t happen again in the future. So if you’re thinking about getting a mortgage post-bankruptcy, lenders will want answers to the following questions: How long have you been discharged? Securing a mortgage will be dependent on how long it has been since you were discharged from your bankruptcy or consumer proposal. Most lenders consider the discharge date on both to be your new ground zero. And while there is no legally defined waiting period for when you can apply for a new mortgage post-bankruptcy, what lenders will assess is how you’re managing your finances after your financial troubles. Have you established new credit? You can show lenders that they can trust you after bankruptcy by establishing new credit and managing that credit flawlessly. So as soon as you’ve been discharged, it’s a good idea to get a secured credit card and start rebuilding your credit score. To be considered completely established, you’ll want to have two years of credit history on two trade lines with a credit limit of $2500 on each trade line. You’ll also want to make sure that you have no late or missed payments. How much do you have available for a downpayment? The more money you have to put towards purchasing a property, or the more equity you have in your property in the case of a refinance, the better your chances of getting a mortgage. The more money you bring to the table, the more comfortable a lender will feel about the risk they take of losing their investment should you run into future financial difficulty. What is your total debt service ratio? Another consideration lenders will look at is how much money you make compared to the cost of making your mortgage payments. So it probably goes without saying that the more money you make compared to the amount you want to borrow, the better. Conventional or insured financing. If you’re looking to get the best mortgage products available, here are some of the things a lender will want to see: You’ve been discharged for at least two years plus a day. You’ve established your credit (as listed above). You have at least 5% down for the first $500k of the purchase and 10% down for anything over $500k. If you don’t have a 20% downpayment, you will be required to secure mortgage insurance through CMHC, Sagen (formerly Genworth), or Canada Guaranty. The cost to service the property and all your debts don’t exceed 44% of your gross income. Alternative lending As independent mortgage professionals, our job is to provide solutions and strategies for our clients. As such, in addition to dealing with many traditional lending institutions, we also have access to lenders who specialize in working with clients whose financial situation isn't all that straightforward. These private lenders offer alternative lending solutions that consider the overall strength of your mortgage application. While you won’t qualify for the best rates and terms on the market by going with an alternative lender, if you’re looking for options, you might find that alternative lending is a very reasonable solution for you. Alternative lending isn’t for everyone, but it’s an excellent solution for some, especially if you’ve gone through a bankruptcy or consumer proposal and need a mortgage before fully establishing your credit. Get in touch anytime. So whether you’re looking for a plan to help you qualify for a mortgage with the most favourable terms or if you need something more immediate. Please connect anytime. It would be a pleasure to outline your options and work on a plan to get you a mortgage.
By Susan Au-Young 18 Oct, 2024
On October 8, 2024, the government announced a new program that will take effect on January 15, 2025, allowing homeowners to refinance up to 90% of their home’s value to create secondary suites. This is a significant increase from the current refinancing limit of 80%. The program aims to provide homeowners with more flexibility to unlock their home equity and add additional legal units like basement suites or laneway homes, provided they meet municipal zoning requirements and are not used for short-term rentals. The program comes with specific guidelines, outlined by CMHC (Canada Mortgage and Housing Corporation), that include: Eligibility: Homeowners must already own their property, live in one of the existing units, and plan to add additional fully self-contained suites. Refinancing Details: Homeowners can refinance up to 90% of the property's value, including the value added by the new units. The maximum property value, once the new units are built, must not exceed $2 million. Loan Parameters: The loan-to-value limit will be 90%, and the maximum amortization period is 30 years. Any additional financing must not exceed project costs. To give an example, under this new program, if a home is valued at $800,000, homeowners could now refinance up to $720,000 for building a secondary suite—$80,000 more than the previous limit of $640,000. This program could be particularly beneficial for homeowners who have recently purchased their property and built up a moderate amount of equity, offering them an opportunity to create an income-generating suite or expand their home without needing to sell. As housing affordability continues to be a pressing issue in many parts of Canada, adding secondary suites could also contribute to easing the rental supply shortage. While this program represents a significant step forward in unlocking home equity for homeowners, we are still awaiting specific guidelines from lenders. These rules will clarify how lenders will approach refinancing applications under this program. Stay tuned for further updates as more information becomes available from financial institutions. This program is expected to spark significant interest, particularly from younger homeowners or those with growing families, as it offers a pathway to enhance both living space and long-term financial stability. Homeowners looking to leverage this new opportunity should consult with mortgage experts to fully understand the potential benefits and ensure they are making informed decisions. If you're interested in how this program could benefit you or want to explore refinancing options to add a secondary suite, get in touch with a mortgage professional today.
By Susan Au-Young 15 Oct, 2024
Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping to make just a bit more money to add to that nest egg. So if you find yourself in the position where you’re considering your mortgage options into retirement, you’ve come to the right place. The advantage of working with an independent mortgage professional instead of a single bank is choice. When you work with an independent mortgage professional, you won’t be limited to an individual institution’s products; rather, you will have access to considerably more options. Here are some options available to older Canadians as they plan for mortgage financing through their retirement. Standard Mortgage Financing If you’ve got a steady income, decent credit, and equity in your home, there is no reason you shouldn’t qualify for standard mortgage financing, which usually comes at the lowest interest rates and best terms. Some lenders use pension and retirement income to support your mortgage application even if you’ve already retired. Reverse Mortgage Financing A reverse mortgage allows Canadian homeowners 55 years and older to borrow money from their homes with no proof of income, no credit check, and no health questions. A reverse mortgage is a fabulous mortgage solution that has helped thousands of older Canadians enhance their lifestyle. Home Equity Line of Credit (HELOC) A line of credit secured to the equity you have in your home is an excellent tool to allow you to access money when you need it but not pay interest if you don’t need it. Many older Canadians like the idea of rolling all their expenses and income into one account. Private Financing If you happen to be in a bit of a tight spot, you have a plan but need a financial solution; private financing might be the answer. Indeed not the first choice for many because of the higher interest rates. However, private financing can provide you with options where a traditional bank can’t. If you have any questions about securing mortgage financing for your retirement, please connect anytime. It would be a pleasure to work with you and walk you through all your options.

Testimonials

John Doe's Image
Susan did a fantastic job with us, very knowledgeable, professional no pressure at all, helping us thru the process very nicely, great experience overall. Definitely looking forward to doing more business with Susan!

Roman And Lina L.

John Doe's Image
We are a new Real Estate Development company in Western Canada. Even though we have been running a development business in China for more than twenty years, when we expanded our business to Canada, it was still hard for us to get funds since we were treated as a new start-up company. Susan, with her professional knowledge, kindness and patience, analyzed and balanced our experience, family and company resources, successfully helping us to get our financing in place and on time! We look forward to working together again and are happy to recommend her to family friends, colleagues and business partners.

K.Z.

John Doe's Image
It was a pleasure to work with Susan!
Everything was well organized and good service from start to finish. I will follow up in future when ever I need help.

Hamid R.

John Doe's Image
Susan has provided exceptional and excellent service. She is knowledgeable, friendly and helpful. She's efficient and a pleasure to deal with.

Victor & Joyce L.

John Doe's Image
Professional, Personable, and Service Oriented. Anytime I recommend Susan and her team, I know we will be welcomed with a friendly smile, treated with respect and get the information we require to help us make an educated and informed decision.

Gary M.

John Doe's Image
It was an absolute pleasure to work with Susan! She made the mortgage process the easiest part of homeownership. We were confident that Susan would go above and beyond to get us the best offering – and she did. Her approach was professional and customer-focused. We knew we were in good hands from the beginning. I wouldn’t buy another house without getting great advice from Susan!

Andy A.

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Servicing Metro Vancouver & Fraser Valley 

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