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 19 Mar, 2024
Chances are, buying a home is one of the most important financial decisions you’ll make in your life. And as mortgage financing can be somewhat confusing at the best of times, to alleviate some of the stress and to ensure your home purchase goes as smoothly as possible, here are six very high-level steps you should follow. While it might seem like the best place to start the home buying process is to browse MLS on your phone and then contact a Realtor to go out and look at properties, it’s not. First, you’re going to want to work with a licensed independent mortgage professional. When you work with an independent mortgage professional, instead of working with a single bank, you’ll be working with someone who has your best interest in mind and can present you with mortgage options from several financial institutions. The second step in the home buying process is to put together a mortgage plan. Unless you have enough money in the bank to buy a home with cash, you’re going to need a mortgage. And as mortgage financing can be challenging and not so straightforward, the best time to start planning for a mortgage is right now. Don’t make another move until you discuss your financial situation with an independent mortgage professional. It’s never too early to start planning. As part of your mortgage plan, you’ll want to figure out what you can afford on paper, assess your credit score, run some financial scenarios, calculate mortgage payments, and have a clear picture of exactly how much money is required for a downpayment and closing costs. You’ll also be able to discuss which mortgage product is best for you, considering different mortgage terms, types, amortizations, and features. Now, what you qualify to borrow on paper doesn’t necessarily mean you can actually afford the payments in real life. You need to consider your lifestyle and what you spend your money on. Understanding your cash flow is the key. Make a budget to verify you can actually afford your proposed mortgage payments and that you have enough funds to close on the mortgage. No one wants to be house-poor or left scrambling to come up with funds to close at the last minute. If everything looks good at this point, the next step will be to get a preapproval in place. Now, a pre-approval is more than just typing some numbers into a form or online calculator; you need to complete a mortgage application and submit all the documents requested by your mortgage professional. Only proceed with looking at properties when you’ve been given the green light from your mortgage professional. When you’ve found a property to purchase, you’ll work very closely with your mortgage professional to arrange mortgage financing in a short period of time. This is where being prepared pays off. As you’ve already collected and submitted many documents upfront during the preapproval process, you should be set up for success. However, remain flexible and provide any additional documentation required by the lender to secure mortgage financing. Once you have firm lender approval and you’ve removed conditions on the purchase agreement, don’t change anything about your financial situation until you have the keys. Don’t quit your job, don’t take out a new loan, or don’t make a large withdrawal from your bank account. Put your life into a holding pattern until you take possession of your new home. So there you have it, six steps to ensuring a smooth home purchase: Work with an independent mortgage professional. Put together a mortgage plan. Figure out what you can actually afford. Get a pre-approval. Provide the necessary documentation. Don’t change anything about your financial situation until you take possession. If you’d like to discuss your personal financial situation and find the best mortgage product for you, let’s work together. We can figure out a plan to buy a home as stress-free as possible. Please connect anytime; it would be a pleasure to work with you.
By Susan Au-Young 05 Mar, 2024
As the name implies, a cashback mortgage is similar to a standard mortgage, except that you receive a lump sum of cash upon closing. This lump sum will either be a fixed amount of money or a percentage of the mortgage amount, usually between 1-7%, depending on the mortgage term selected. How you use the cash is entirely up to you. Some of the most common reasons to secure a cashback mortgage are to: Cover closing costs. Buy new furniture. Renovate your property. Supplement cashflow. Consolidate higher-interest debt. Really, you can use the cash for anything you like. It’s tax-free and paid to you directly once the mortgage closes. Understanding the cost of a cashback mortgage. Now, while it might appear like a cashback mortgage is a great way to get some free money, it’s not. Banks aren’t altruistic; they’re in the business of making money by lending money. Securing a mortgage that provides you with cash back at closing will cost you a higher interest rate over your mortgage term. A cashback mortgage is like getting a fixed loan rolled into your mortgage. Your interest rate is increased to cover the additional funds being lent. Now, with so many different cashback options available and with interest rates constantly changing, it's nearly impossible to run through specific calculations on a simple article to outline how much more you’d pay over the term. So, if you'd like to identify the true cost of securing a cashback mortgage, the best place to start is to discuss your financial situation with an independent mortgage professional. When you work with an independent mortgage professional instead of a single bank, you receive unbiased advice, more financing options, and a clear picture of the cost associated with securing a mortgage. Getting cashback at closing is a mortgage feature that makes the bank more money at your expense. This isn’t necessarily a bad thing; the key is to be informed of the costs involved so you can make a good decision. Eligibility for a cashback mortgage. Simply put, a cashback mortgage isn’t for everyone. This is a mortgage product that has tougher qualifications than standard mortgage financing. Any lender willing to offer a cashback mortgage will want to see that you have stable employment, a fabulous credit score, and healthy debt service ratios. If your mortgage application is in any way “unique,” the chances of qualifying for a cashback mortgage are pretty slim. Breaking your mortgage term early. In addition to paying a higher interest rate to cover the cost of receiving the cashback at closing, a cashback mortgage also limits your options down the line. If your life circumstances change and you need to break your mortgage mid-term, depending on the conditions set out in your mortgage contract, you’ll most likely be required to either pay all of the cashback received or at least a portion, depending on how long you’ve had the mortgage. As all cashback mortgages are tied to fixed-rate terms, so in addition to repaying the cashback, you’d also be required to pay the interest rate differential penalty; or 3 months interest, whichever is greater for breaking your mortgage term early. Sufficed to say, should you need to pay out your mortgage early, breaking your cashback mortgage will be costly. Certainly, this is something to consider when assessing the suitability of this mortgage product. Get independent mortgage advice. Understanding the intricacies of mortgage financing can be difficult at the best of times. With all the different terms, rates, and mortgage products available, it’s hard to know which mortgage is best for you. So while a mortgage that offers a cash incentive upon closing might initially seem like an attractive offer, make sure you seek out the guidance of an independent mortgage professional to help you navigate the costs associated with a cashback mortgage. While it might be a great option for you, there might be other mortgage options that better suit your needs. It's worth a conversation for sure! If you’d like to discuss what a cashback mortgage or any other mortgage product would look like for you, please get in touch. It would be a pleasure to work with you.
By Susan Au-Young 20 Feb, 2024
If you’ve been thinking about buying a second property and you’re looking to put some of the pieces together, you’ve come to the right place! Whether you’re looking to buy a vacation property, start a rental portfolio, or help accommodate a family member, there are many reasons to buy a second property (while keeping your existing property), which might make sense for you! Now, while there are many great reasons to buy a second property, there is also a lot to know as you walk through the process. The key here is to have absolute clarity around your why. Ask yourself, why do you want to buy a second property? This isn’t a decision to be taken lightly or one that should be made too quickly. Buying a second property should be a strategic decision that allows you to accomplish your goals, and it should include an assessment of your overall financial health. So with clear goals in mind, the best place to start the process is to have a conversation with an independent mortgage professional. This will allow you to assess your financial situation, outline the costs, and put together a plan to make it happen. While purchasing a second property is similar to buying a primary residence, there are some key differences. Just because you’ve qualified in the past for your existing mortgage doesn’t mean you’ll qualify to purchase a second property. One key difference is the amount of downpayment you might be required to come up with. A property that is owner-occupied or occupied by a family member on a rent-free basis will require less of a downpayment than if the second property will be used to generate an income. So, depending on the property's intended use, you might have to come up with as much as 25%-35% down. This is where strategic planning comes in. Consider unlocking the equity in your existing home to finance the downpayment to purchase your second home. Here are a few ways you can go about doing that: Securing a new mortgage if you own your property clear title Refinancing your existing mortgage to access additional funds Securing a home equity line of credit (HELOC) Getting a second mortgage behind your existing first mortgage Securing a reverse mortgage The conversation about buying a second property should include assessing your overall financial health, leveraging your existing assets to lower your overall cost of borrowing, and figuring out the best way to accomplish your goals. And as it's impossible to outline every scenario in a simple blog post, if you’d like to discuss your goals and put a plan together to finance a second property, connect anytime. It would be a pleasure to work with you.

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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