Erin Fraser - Mortgage Broker

10/06/2023

We all love the allure of a shiny new car, right? But did you know that vehicle loans can significantly impact your future wealth? Here’s why:

1. Depreciating Asset: Cars lose value over time. While they’re fun to drive, they aren’t helping your net worth grow.

2. Opportunity Cost: That monthly car payment could be channeled into appreciating assets like homes or investments that yield returns.

3. Mortgage Impact: If you’re in the process of securing a mortgage, a new vehicle loan can actually jeopardize your approval. Imagine a dream home slipping away because of an impulsive car purchase!

Before diving into a new vehicle loan, consider the long-term impact. Let’s drive our wealth upwards, not on the roads!

08/22/2023

Not only does a Broker work with YOUR best interest in mind, it costs you nothing to have them work for you with all the conventional lenders.

08/17/2023

Don’t wait for interest rates to decrease before getting into the housing market!

01/30/2023

Are you pre-approved and now just waiting for that perfect home? Or do you already have your mortgage ready to go and just waiting for your house to close?

Here are a few things to avoid until the sale is complete and you are moved into your new home:

1. Do not change jobs!

2. Do move your down payment money from account to account.

3. Do not take out a new loan, especially a big one like an RV or Vehicle loan.

4. Do not open new credit accounts.

5. Do not co-sign for someone else's loan.

In the best case you may have to provide additional paperwork to your lender and in the worst case scenario, one of these could affect your ability to qualify for the mortgage. The lender has only agreed to lend you money based on the scenario you originally gave them and by changing that they could pull their approval. If you need to make a big change just talk to your mortgage professional to find out the ramifications of that change before it takes place.

But first let's start by getting you pre-approved!

📞 250-540-3783
📩 [email protected]
🌐 www.erinfrasermortgages.com

01/30/2023

Did you know? Fixed rates have recently dropped!

Most people are consumed by the fact that variable-rate mortgages have been on the rise, and they forget about their other options.

If a variable rate isn't the right fit for you while things are a bit uncertain, you can consider a shorter fixed rate term. Locking into a 2 or 3-year fixed rate may be a good option while waiting for the economy to balance out.

Want to learn more about your options?

📞 250-540-3783
📩 [email protected]
🌐 www.erinfrasermortgages.com

01/29/2023

Such a fun night! I can’t wait for the next one!

✨THANK YOU✨ for an amazing evening! We are filled with so much gratitude for all of the women who came out to support the launch of .vernon ❤️

was filled with laughter, amazing wine, tasty food and great company.

We hope you had fun connecting with our Vendors 👌🏻 Thank you for joining us, and bringing/chatting all the amazing work your do!

Thank you for our draw donations from and congratulations to the lucky winners! 🙌🏻

We look forward to seeing you at more events to come! Stay tuned 🥂