The Drive Mortgage Store 
a place where you can meet with a mortgage broker in person, have a coffee, ask questions, get the answers you need and sign your papers!
Complimentary Info Sessions
Do you have parents, grandparents or other loved ones who could use more income in retirement? This is a solution!
Find out the ins and outs of mortgage life insurance 
October 21, 2014
Buying Your First Home?    
You will learn about what's on the market, how much properties are worth, your financing options and the documents you will need to supply
November 20, 2014
More upcoming Events!
 Click here for Events Calendar
Mortgage Rates

Effective Sept. 24, 2014
TERM
BEST RATE
1 Yr Closed*2.89%
2 Yr Closed*2.59%
3 Yr Closed*2.79%
4 Yr Closed*2.77%
5 Yr Closed*2.89%
7 Yr Closed*3.79%
10 Yr Closed*4.29%


Prime Rate: 3.00%
Variable @ Prime less 0.60%
HELOC - Prime plus .25%
Bench Mark Rate: 4.79%
*
indicates promotional/quick close rate
Bank of Canada
*Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.
~2014~
October 22                   December 3

~2015~
January 21                   March 4
April 15                          May 27
July 15                           September 9
October 21                    December 2
Blissful Living

What would you do with some extra money?

  

I can think of three positive uses of CHIP money for a homeowner. Updating the home to increase it's value, easing the burden of bills and gifting monies to children for their own downpayment. Each one of these makes good financial sense and will help to build equity rather than deplete it.

 
Now if a homeowner who is ready for some "me time", they could look to the opportunity to travel or do things that have otherwise seemed out of reach. It can also be the best strategic way to arrange funds for these purposes. 
 
The best way to start is with a discussion of whether or not this type of financing is right for you.
 
Call me so we can talk about your future,

Laura Stein
The Drive Mortgage Store
Dominion Lending Centres - Mortgage Negotiators
604-657-6535

Mortgage Tip of the Week
Develop a mortgage strategy that keeps you comfortable every month and helps build wealth for the future

Looking for a Mortgage?
CHIP Mortgages
 Canadian Home Income Plan
If you have parents or grandparents or friends who are 55+ and own their own home
they are eligible for a CHIP Mortgage
What is a CHIP Mortgage? Click to find out!
  • There is no credit check, no income qualification, and no medical check required
  • The money can be used however they like
  • Set up fees consist of just lawyer and appraisal costs
  • Title remains fully in their name, and CHIP is just a 1st mortgage
  • The money you qualify for can be taken all at once, in lump sums as needed or even as a regular monthly deposit into their account. Interest only accrues on what's been borrowed
Stay Connected
Like us on Facebook
Follow us on Twitter
View our profile on LinkedIn
Find us on Google+
 
About our team
After 22 years as a mortgage broker Laura opened up The Drive Mortgage Store on the eclectic Commercial Drive in Vancouver, BC. Her mission was to allow her clients a chance to meet face to face and ask questions in a more intimate setting. She has since added a small, dedicated staff including a Real Estate Agent, other brokers and a social media & event coordinator. Our team is devoted to ensuring that your best interests are our top priority. We invite to come on in and see what's in store for your next mortgage.
 
 

Laura Stein is amazing at what she does. She has helped me buy 2 homes so far and I would highly recommend all of my friends to call her when buying a home.
The Drive Mortgage Store
604-258-8897
1250 Commercial Drive
Vancouver, BC

Help us help you find your home.