Kathy Lien Mortgages
227-5589 Byrne Road V5J 3J1 Burnaby, BC, Canada

Potential higher mortgage stress test coming https://www.theglobeandmail.com//article-evening-update-/

What's your favourite room in your home? After the kitchen, the closet is my sanctuary #dreamcloset #closetgoals

Tune in to hear about my experience as a seller with Empyr Living, how to navigate this crazy real estate market, and where mortgage rates are heading. P.S. We completely winged it, just like having a regular conversation but with a big camera there .. can you count all the 'ums'? Special thanks to Justin Law - Empyr Living for the awesome editing!

Rule of thumb for how much mortgage you can qualify for: Gross annual income x 4 to 4.5* * Some conditions apply, please consult a mortgage advisor for full qualification

I was referred to Malcolm after another broker couldn't get the mortgage approved. Sometimes having a second opinion helps!

"Home sales jumped 53.4 per cent in the final month of 2020 compared with December 2019" - Real Estate Board of Greater Vancouver https://www.cbc.ca//vancouver-home-sales-december-2020-1.5

Happy New Years everyone! Wishing you all a new year with new beginnings, opportunities, and adventure. There's been a few new faces around here so I want to reintroduce myself ( I'm Kathy!) and share some random facts about me. I'm a mom of two beautiful children (4.5 & 3 y/o)... I grew up in the east coast and moved to B.C and out of my parent's house when I was 17 years old I always wanted to be an entrepreneur or CEO when I grew up I use Excel spreadsheets for every aspect of my life and my email inboxes are almost always clear I'm fluent in Vietnamese and a little bit of Chinese (not Cantonese or Mandarin!) What's one random fact about you?

If you have equity in your home, you can potentially borrow more money from your home to: Consolidate debts (lower interest rates and monthly payments) Investments (such as buying a rental property or invest in stocks) Start or invest in a new business... Home renovations or building a laneway/coach home Helping your kids with their secondary education or down payment Having available funds for emergency Swipe to see the steps to refinance or pull equity from your home. Any questions? Let me know how I can help! See more

As we're counting down towards the end of 2020 (36 more days to go!), I cannot feel more grateful to have such wonderful clients and referral partners that have continued to support my business this year. Despite all the challenges, the real estate industry and all the professionals in it have not only adjusted but thrived under this new environment. Great job guys! On the mortgage side, there are talks of rate increases as bond yields are starting to rise due to more favourable economic outlook. If you're in the market to buy, make sure get pre-approved soon and lock in a rate before the spring market.

Is it too early for Christmas decorations? I don't think so! In fact, this year of all years, I think we should decorate our homes as early as possible. Why? Lots of studies have found that looking at beautiful things around our home and environment can give as much joy as being in love. When surrounded by beauty and good design, we start to have feelings of happiness, calmness, and surprisingly, hope... which is what we all need during this time. Happy decorating!

#FeatureFriday 1806-788 Richards St, Vancouver / $949,000 Working from home? Here's your opportunity to upgrade to a 2 bedroom condo unit in the heart of downtown Vancouver at the L'Hermitage building! The unit boasts open concept living, overheight ceilings, gourmet kitchen featuring top of the line appliances, 24 hours concierge, and steps away from all the top restaurants, cafes and entertainment in the city.... Showings + Offers: Kim @kimwatson_realestate Financing: Kathy @kathylienmortgages See more

Happy November! Did you know November is financial literacy month? Financial literacy is an understanding of your personal finance and being able to budget, save, pay off debts, investing and saving for retirement. It's a very critical skill as poor financial decision and planning can result in losing money, living paycheck to paycheck or become victims of scams. Here are some basic financial tips. It is not exhaustive, so please consult with a certified financial advisor or planner in dealing with your personal finances!

Having a good credit score and history is not only beneficial for your overall financial health, it can also give you: Higher chance of approvals Higher approval limits Potentially better interest rates... Easier to get a rental apartment Remember that credit reports are always changing, so even if you don't have good credit, you can always rebuild it. Swipe to see all the ways you can improve your credit score. Any questions? Let me know how else I can help See more

Here are some questions our partners @empyrliving asked me regarding my own investments. . ? , ? I was 29 when I bought my first investment property. Shortly after having my first child, I knew I wanted to leverage real estate to build wealth and leave a legacy for my children. We pulled out equity from our home and first bought a pre-sale condo, which then turned into a few more pr...operties after. Since then, the rental income and capital appreciation is about 20%+ rate of return each year. . , ? ? If it's a long term investment, I would buy a townhouse in the suburbs, such as Surrey, Langley, Coquitlam or Maple Ridge. There's still room for capital appreciation, and most importantly, you can generate a positive cash flow, unlike higher priced homes in Vancouver. . ? Besides real estate, I also invest in stocks. It's very high risk, but the returns can be astronomical (such as 80% in a few days). I also diversify with high dividend blue-chip companies, as well as some mutual funds and index funds. Whether it's real estate or stocks, having an investment strategy in place is key to getting your money working for you. As the saying goes, ' , ' . .' Interested to learn more?

Happy Thanksgiving everyone! The real estate market in Greater Vancouver had it's best September in recent years, with 56.2% increase in sales and prices are up 5.8% compared to September 2019. Why is the market so hot? That can be attributed to record low mortgages rates - as low as 1.69% right now compared to around 2.89% last year. For a $500,000 mortgage, that is equivalent to around $6000 interest savings per year, and a reduction of $295 in monthly mortgage payme...nt. Another major factor is the change in housing needs, such as people upgrading to a bigger home to accommodate working from home, as well as having their spouse and kids at home too. Also, another reason could be that with less travelling and leisure activities, people have more disposable income and savings. What else do you think is driving this housing demand in Vancouver and around the country? Comment See more

#FeatureFriday The Story: 2863 Sotao Ave, Vancouver/ $799,000 Great opportunity to upsize from a condo to a townhouse in Vancouver for under $800k!... Exceptional living starts with this meticulously renovated 3 bed + 3 bath with DOUBLE garage, and ends with a brisk stroll to a riverfront sunset in Vancouver's picturesque South Marine neighbourhood. Showings + Offers: Tony @empyr_tonyyuen Financing: Kathy @kathylienmortgages Contact me for rates as low as 1.69%*

B lenders and private lenders have a more common sense approach to lending compared to typical A (bank/institutional) lenders. They understand that sometimes life happens - such as divorces, health problems, a new business, a business closure etc - and will lend depending on the overall risk of the client profile. Below are the differences between the two. * Min 20% down payment/equity * Rates starting from 3.29%+... * Fees starting from 1%+ * Will consider new or bruised credit * Will consider all types of employment, self-employment and rental incomes * Min 25% down payment/equity * Rates starting from 5.50%+ * Fees starting from 2%+ * Will consider new or bruised credit * Will consider very little to no income confirmation Note that all situations are different so DM @kathylienmortgages or me for more info! See more

The new way to have meetings - masked up and socially distanced. We're also really excited to welcome our new assistant, Jerrica Petines, to the @empyrliving team!

In the end, we'll only regret the chances we didn't take

While out for dinner with my family this past weekend, we experienced an act of generosity that I will never forget As we finished our dinner and asked for the bill, our server told us that someone in the restaurant had graciously paid for our entire meal! They wanted to do something nice for our family and wanted to remain anonymous. I was quite surprised that a complete stranger had paid for our $200 bill, but nonetheless am very thankful So to pay it forward this k...indness, I've donated the full amount of the meal to the Greater Vancouver Food Bank @vanfoodbank, helping to feed more people in need (especially during these times). In a world where we can be anything, please be kind to others Here are some small but thoughtless things you can do everyday: 1) Say hi, smile or compliment people around you 2) Let someone go infront of you at a grocery store 3) Give away free things on Craigslist 4) Write a review or recommendation for an old co-worker 5) Buy coffee for the next person in line

It's been quite a busy month in August with these three recent fundings and another four on the way! Special thanks to our referral partners @empyr_tonyyuen @vanrealestate for trusting me with your clients The real estate market has been heating up in the past few months, with multiple offers and bidding wars happening again! With pent-up demand and record low mortgage rates, the B.C Real Estate Association predicts 2020 will end with a 7.7% increase in average price. Make sure to get a pre-approval before you go house hunting or making a no-subject offer. Contact me to see if you qualify for rates as low as 1.80%, locked-in for up to 90 days!

Who else also loves a white kitchen with gold accents? Besides crunching numbers, I'm also an interior design junkie. So you'll often catch me watching all of the HGTV shows and dreaming of these gorgeous designs

10+ years in the industry. This is my story. Collaborations with Empyr Living Video by @papercranevan

I love seeing all the #womenempowerment posts today, but truthfully we still have a long way to go. I often see women taking a step back at leadership roles, becoming entrepreneurs, or taking control of their own financial freedom. We're often told that we can't have it all, that our careers are not as important as being a mother, and that we will always make less than a man in the same position. So for all the women out there, let's just go for it. Apply for that job, start that business, and work towards 'having it all' - you can be both a #bossbabe and an amazing mom

#FeatureFriday The Story: 2098 E. 34th Ave, Vancouver/ $1,699,000 For those who enjoy versatility at its finest. Seven bedrooms + den, four bathrooms, four parking that just so happens to be in Vancouver's most essential neighbourhood. ... This fully renovated home is also quite affordable. A separate four bedroom suite on the main level can generate rental income of up to $3000/month. What will the mortgage payments be? to see that after rental income, the monthly payment will be around $2017* only. *Based on 20% down payment, with 5 years variable rate of 1.99%, and 30 years amortization. Private showings: Tony @empyr_tonyyuen Financing: Kathy @kathylienmortgages @ Vancouver, British Columbia See more

There's no doubt that real estate in Vancouver is expensive, and sometimes to get qualified for a mortgage requires a help of a secondary suite income (whether it's a basement suite or a laneway/coach home). How much more can you borrow with this additional rental income? Let's take for example a couple with a combined income of $120,000, and 20% down payment. #: ... Purchase price: $800,000 Down payment: $160,000 Mortgage: $640,000* #: Purchase price: $1,200,000 Down payment: $240,000 Mortgage: $960,000* *Both scenarios are based on both clients having a beacon score of over 680, and modest/no additional liabilities Note that this is only a rough estimate based on one lender's policy and all individual circumstances can vary, so speak to a qualified mortgage broker to crunch the numbers before you look! See more