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!
SUSAN AU-YOUNG | MORTGAGE SPECIALIST
Mortgages Made Simple
RESIDENTIAL | COMMERCIAL | WEALTH |PRIVATE
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
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.
You’d think an online calculator is a pretty straightforward device, one that you should be able to place your confidence in, and for the most part, they are. Calculators calculate numbers. The numbers are reliable, but how you interpret those numbers, not so much, especially if the goal is mortgage qualification. If you rely on the numbers from a “What can I afford” or “Mortgage Qualification” calculator without talking to an independent mortgage professional, you’re going to be misinformed. Don’t be fooled. Even though an online mortgage calculator can help you calculate mortgage payments or help you assess how additional payments would impact your amortization, they’ll never be able to give you an exact picture of what you can afford and how a lender will consider your mortgage application. While mortgage calculators are objective, mortgage lending isn’t. It’s 100% subjective. Lenders consider your financial situation, employment, credit history, assets, liabilities, the property you are looking to purchase. Then, they will compare that with whatever internal risk profile they are currently using to assess mortgage lending. Simply put, they don’t just look at the numbers. An online calculator is a great tool to help you run different financial scenarios and help assess your comfort level with different payment schedules and mortgage amounts. However, if you rely on an online calculator for mortgage qualification purposes, you’ll be disappointed. The first step in the mortgage qualification process is a preapproval. A preapproval will examine all the variables on your application, assess your financial situation, and provide you with a framework to buy a property based on your unique circumstance. Securing a preapproval comes at no cost to you and without any obligation to buy. It’ll simply allow you the freedom to move ahead with confidence, knowing exactly where you stand. Something a calculator is unable to do. Please connect anytime if you’d like to talk more about your financial situation and get a preapproval started. It would be a pleasure to work with you.
Starting November 21, 2024, borrowers switching lenders with uninsured mortgages will no longer face the stress test, thanks to a new policy from OSFI. Previously, uninsured borrowers needed to prove they could afford their mortgage at a higher rate, which created barriers to switching for better terms. This change encourages competition among lenders and aligns the rules with insured mortgages, providing more flexibility and choice for homeowners. The decision responds to concerns raised by the Competition Bureau and reflects shifting risk management trends in the mortgage market. Key Points: Applies to Straight Switches: This policy is for borrowers switching lenders while maintaining their loan amount and amortization schedule. Stress Test Removed: No more proving affordability at higher rates during switches, allowing for easier access to competitive offers. Supports Borrower Flexibility: Homeowners now have more options to find the best mortgage rates at renewal without the stress test obstacle. Why the Change? OSFI initially maintained the stress test to manage risk but has now reversed this stance after evaluating that the original concerns have not significantly materialized. This move is designed to balance fairness for borrowers and enhance competition in the mortgage market. How It Affects You For those with uninsured mortgages approaching renewal, this policy change is a win. You'll now have the opportunity to seek out better mortgage rates without facing a stress test, making it easier to reduce financial strain, especially in a rising interest rate environment. Stay informed and take advantage of these changes by reviewing your mortgage options today!
Testimonials
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.
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.
Everything was well organized and good service from start to finish. I will follow up in future when ever I need help.
Hamid R.
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.
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.
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.
