All posts by Joe Walsh

Privacy Policy

Last Updated: June 3, 2024

Bedrock Financial Group ("Company", "we", "our", "us") is committed to protecting your personal information and your right to privacy. If you have any questions or concerns about this privacy notice or our practices with regard to your personal information, please contact us at joe@joewalsh.ca.

When you visit our website joewalsh.ca (the "Website"), and use our services, you trust us with your personal information. We take your privacy very seriously. In this privacy notice, we describe our privacy policy. We seek to explain to you in the clearest way possible what information we collect, how we use it, and what rights you have in relation to it. We hope you take some time to read through it carefully, as it is important.

If there are any terms in this privacy policy that you do not agree with, please discontinue use of our Sites and our services.

joewalsh.ca strives to offer its visitors the many advantages of Internet technology and to provide an interactive and personalized experience. We may use Personally Identifiable Information (your name, e-mail address, street address, telephone number) subject to the terms of this privacy policy. We will never sell, barter, or rent your email address to any unauthorized third party. Period.”

How we gather information from users

How we collect and store information depends on the page you are visiting, the activities in which you elect to participate, and the services provided. For example, you may be asked to provide information when you register for access to certain portions of our site or request certain features, such as newsletters or when you make a purchase. You may provide information when you participate in sweepstakes and contests, message boards and chat rooms, and other interactive areas of our site. Like most Web sites, joewalsh.ca also collects information automatically and through the use of electronic tools that may be transparent to our visitors. For example, we may log the name of your Internet Service Provider or use cookie technology to recognize you and hold information from your visit. Among other things, the cookie may store your user name and password, sparing you from having to re-enter that information each time you visit, or may control the number of times you encounter a particular advertisement while visiting our site. As we adopt additional technology, we may also gather information through other means. In certain cases, you can choose not to provide us with information, for example by setting your browser to refuse to accept cookies, but if you do you may be unable to access certain portions of the site or may be asked to re-enter your user name and password, and we may not be able to customize the site’s features according to your preferences.

What we do with the information we collect

Like other Web publishers, we collect information to enhance your visit and deliver more individualized content and advertising. We respect your privacy and do not share your information with anyone.

Aggregated Information (information that does not personally identify you) may be used in many ways. For example, we may combine information about your usage patterns with similar information obtained from other users to help enhance our site and services (e.g., to learn which pages are visited most or what features are most attractive). Aggregated Information may occasionally be shared with our advertisers and business partners. Again, this information does not include any Personally Identifiable Information about you or allow anyone to identify you individually.

We may use Personally Identifiable Information collected on joewalsh.ca to communicate with you about your registration and customization preferences; our Terms of Service and privacy policy; services and products offered by joewalsh.ca and other topics we think you might find of interest.

Personally Identifiable Information collected by joewalsh.ca may also be used for other purposes, including but not limited to website administration, troubleshooting, processing of e-commerce transactions, administration of sweepstakes and contests, and other communications with you. Certain third parties who provide technical support for the operation of our website (our Web hosting service for example) may access such information. We will use your information only as permitted by law. In addition, from time to time as we continue to develop our business, we may sell, buy, merge or partner with other companies or businesses. In such transactions, user information may be among the transferred assets. We may also disclose your information in response to a court order, at other times when we believe we are reasonably required to do so by law, in connection with the collection of amounts you may owe to us, and/or to law enforcement authorities whenever we deem it appropriate or necessary. Please note we may not provide you with notice prior to disclosure in such cases.

Online Advertising We Utilize

In this section of our Privacy Policy, we want to outline and describe Targeted Advertising (which can also be called Remarketing or Behavioral Advertising), Google Analytics, and the choices you have related to this type of online advertising and data collection.

The third-party ad networks and ad companies we utilize, including Google and Facebook, serve our ads to you on sites across the internet based on past visits to our website. Targeted Advertising through third party ad networks, including Google, allows us the ability to better tailor our marketing and advertising to fit your needs by displaying ads that are more relevant to you.

Third party ad networks and ad companies we utilize, including Google Ads, Facebook Ads, use cookies, and may also use web beacons and similar technologies, to collect user behavior Information during any visit or visits you make to this website in order to provide measurement services and advertising optimization only. As an example, the information that is collected by the cookie may include the number of times you visited a page and viewed and/or clicked an ad. The cookie does not collect personal information or give access to your computer.

If you do not want to participate in Targeted Advertising and Google Analytics data gathering you can opt out of the automated collection of information by third party ad networks, including Google, by visiting the Digital Advertising Alliance Consumer Choice page at http://www.aboutads.info/choices/ and by visiting the Network Advertising Initiative Consumer Opt-Out page at www.networkadvertising.org/choices/. You can also edit your Google Display Network ad preferences at https://support.google.com/My-Ad-Center-Help/answer/12155451?hl=en and opt out of Google Analytics by visiting the Google Analytics Opt Out Page at https://tools.google.com/dlpage/gaoptout.

Your Privacy Rights

In some regions (like the European Economic Area, United Kingdom, Australia, and Canada), you have rights that allow you greater access to and control over your personal information. You may review, change, or terminate your account at any time.

- Data Subject Rights: Depending on the applicable law, you may have the right to access, correct, update, or request deletion of your personal information. To request to review, update, or delete your personal information, please submit a request to joe@joewalsh.ca

Data Security

We aim to protect your personal information through a system of organizational and technical security measures. We have implemented appropriate technical and organizational security measures designed to protect the security of any personal information we process.

While the security of your data is important to us, remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your Personal Data, we cannot guarantee its absolute security.

Cookies and Tracking Technologies

We use cookies and similar tracking technologies to track the activity on our Service and hold certain information. Cookies are files with a small amount of data which may include an anonymous unique identifier. Cookies are sent to your browser from a website and stored on your device. We use cookies and similar tracking technologies for the following purposes:

- To provide and operate our services.

- To enhance your experience on our site.

- To understand how our site is used.

- To customize our advertising and marketing efforts.

Types of Cookies We Use

- Essential Cookies: These cookies are necessary for the website to function and cannot be switched off in our systems.

- Performance and Functionality Cookies: These cookies are used to enhance the performance and functionality of our website but are non-essential to their user.

- Analytics and Customization Cookies: These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website for you.

- Advertising Cookies: These cookies are used to make advertising messages more relevant to you. They perform functions like preventing the same ad from continuously reappearing, ensuring that ads are properly displayed for advertisers, and in some cases selecting advertisements that are based on your interests.

Your Choices Regarding Cookies

If you prefer to avoid the use of cookies on the website, first you must disable the use of cookies in your browser and then delete the cookies saved in your browser associated with this website. You may use this option for preventing the use of cookies at any time.

Managing Cookies

You can manage your cookie preferences through your browser settings. Each browser provides different mechanisms for blocking and deleting cookies. Here is a list of some popular browsers that provide instructions for managing cookies:

- Google Chrome
- Mozilla Firefox
- Safari
- Microsoft Edge

Links to Other Sites

Our Service may contain links to other sites that are not operated by us. If you click on a third-party link, you will be directed to that third party’s website. We strongly advise you to review the Privacy Policy of every site you visit.

We have no control over and assume no responsibility for the content, privacy policies or practices of any third-party websites or services.

Children’s Privacy

Our Service does not address anyone under the age of 18 (“Children”).

We do not knowingly collect personally identifiable information from anyone under the age of 18. If you are a parent or guardian and you are aware that your child has provided us with Personal Data, please contact us.

If we become aware that we have collected Personal Data from children without verification of parental consent, we take steps to remove that information from our servers.

Compliance with Legal Standards

We comply with the following data protection laws and regulations:

- General Data Protection Regulation (GDPR): For users in the European Economic Area (EEA) and the UK, we comply with the GDPR, which provides you with the right to access, correct, delete, and limit the use of your personal information. You can also object to the processing of your personal information, request data portability, and lodge a complaint with your local data protection authority.

- UK Data Protection Act: We adhere to the UK Data Protection Act, which provides similar protections to the GDPR for users in the United Kingdom.

- California Consumer Privacy Act (CCPA): For users in California, we comply with the CCPA, which grants you the right to know what personal data is being collected about you, to access your personal data, to request deletion of your personal data, to know whether your personal data is sold or disclosed and to whom, and to opt-out of the sale of your personal data without discrimination for exercising these rights.

- Australia’s Privacy Act: For users in Australia, we comply with the Privacy Act 1988 (Cth), which provides you with the right to access and correct your personal information, and to lodge a complaint with the Office of the Australian Information Commissioner (OAIC).

- Personal Information Protection and Electronic Documents Act (PIPEDA): For users in Canada, we comply with PIPEDA, which provides you with the right to access and correct your personal information, to withdraw consent to the processing of your personal information, and to lodge a complaint with the Office of the Privacy Commissioner of Canada.

Contacting Us

We can be reached by contacting:

Bedrock Financial Group

Email: joe@joewalsh.ca

Changes to this Policy

joewalsh.ca reserves the right to change this policy at any time. Please check this page periodically for changes. Your continued use of our site following the posting of changes to these terms will mean you accept those changes. Information collected prior to the time any change is posted will be used according to the rules and laws that applied at the time the information was collected.

Governing law

This policy and the use of this Site are governed by Ontario law. If a dispute arises under this Policy we agree to first try to resolve it with the help of a mutually agreed-upon mediator in the following location: Hamilton, Ontario, Canada. Any costs and fees other than attorney fees associated with the mediation will be shared equally by each of us.

If it proves impossible to arrive at a mutually satisfactory solution through mediation, we agree to submit the dispute to binding arbitration at the following location: Hamilton, Ontario, Canada, under the rules of the American Arbitration Association. Judgment upon the award rendered by the arbitration may be entered in any court with jurisdiction to do so.

joewalsh.ca is controlled, operated and administered entirely within Ontario. This statement and the policies outlined herein are not intended to and do not create any contractual or other legal rights in or on behalf of any party.

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Construction Financing Take Out Mortgage

“Does Your Construction Financing Plan Include a Take Out Mortgage?”

Any construction project that requires financing will have two separate elements; a construction loan and a long term mortgage. Construction loans are used to finance the actual project, but once the project is complete, the total outstanding balance of the construction loan needs to be rolled into a longer term mortgage instrument for the finished project.

In some scenarios, the lender or a lending group provides both forms of mortgage financing and approves the builder, buyer or owner for both mortgage products prior to the commencement of construction.

In other cases, the construction mortgage is arranged through one lender and the take out mortgage is arranged through a totally separate lender who may not have any relationship with the first lender. Its also not uncommon for construction mortgage lenders to require that the borrower be pre-approved for a term out or take out mortgage prior to any funds being disbursed for construction financing.

But there also is the scenario where you get a construction loan approved without the upfront requirement by the lender to have the take out already secured. This is a situation you need to be wary of. Making the assumption that your project will have to problem securing longer term financing at the completion of the project may prove to be inaccurate. Or at the least, you can experience approval delays that will extend the period of time the construction funds are outstanding.

Small delays are likely not a problem, but if you end up taking 6 months or longer to secure a proper long term mortgage to pay out the construction loan, you could be in some trouble.

First of all, depending on the construction related financing you arrange, the cost can be significantly more on a month to month basis as compared to a long term loan.

Second, the construction lender may have penalties in place for delays that will further increase your costs and erode your cash flow.

Third, if the term out process takes too long, the lender may take action against you and try to liquidate the property to get their money back.

For standard residential construction on new builds or additions, the probability of getting a take out mortgage for the rates, terms, and timing you require are going to be pretty high, most of the time.

But when you get into the construction of commercial, industrial, and multi unit residential projects that are larger in scope, the longer term mortgage market may be harder to pin down in the time period required.

The key here is not to expose yourself to this risk in the first place and to get everything in place, both construction loan and take out mortgage, prior to commencing the project. That way, you can more accurately plan and manage the project to completion as well as your overall budget and cash flow without having to worry about incurring financing problems at the end of the construction project.

Click Here To Construction Financing Expert and Mortgage Broker Joe Walsh

Canadian Mortgage

Canadian Mortgage Brokers – Why Use One?

Mortgage Brokers Provide You With A Number of Benefits.

When looking at mortgage options, virtually all consumers will consider using a mortgage broker or at least want to better understand what a mortgage broker can do for them.

As the mortgage industry has expanded, brokers have become a key method for lenders to get their product into the market.

Click Here To Speak Directly To a Canadian Mortgage Broker

Lets face it, not all mortgage companies have the marketing budgets and branding power of the Canadian chartered banks. But when it comes to the comparability of their mortgage products to the big banks, many of the small players can have as good if not better rates and terms.

So that’s really the first major benefit of a mortgage broker … broad market access.

The mortgage broker has access to lenders you may not have even heard of, but that are still offering a mortgage product you may be interested. So instead of searching high and

low for all these different competitive offers, you have the convenience of tapping into most relevant offers through one application via a broker.

And remember that when you go into a bank to get information about a mortgage, you are only going to be looking at their programs. In order to get any type of accurate or meaningful comparison, you’re going to have to repeat the process several more times with other banks and mortgage lenders.

Another problem with the do it yourself approach is that its difficult to tell from the outside looking in, what lenders will be interested in your application. If you make an application and get declined, how do you know which lender to go to next?

When you start applying at several places, you also will receive a credit inquiry for each application made. Not only can this be potentially damaging to your credit, it also can send out a message to next lender that you may have been declined a number of times already and are not a good risk.

If excessive credit inquiries end up lowering your credit score, you may suddenly become ineligible for certain mortgage programs that you would have otherwise qualified for.

Experienced brokers manage this situation for you by only generating one credit inquiry and reusing it for each application they make on your behalf. The best brokers will also only focus on those lenders that are most relevant to your situation, greatly increasing the potential of generating the best options quickly.

With the use of the internet, email, and phone, your communication with your broker can be done from wherever you choose and when ever its convenient to you without valuable time being lost going back and forth to a lenders place of business.

Once you have a mortgage, you will need to renew the interest rate at some point in the future. And unless you know how to shop around for comparable rates and terms, its unlikely that the existing lender is going to offer you the lowest cost option in the market, resulting in you paying higher rates.

Mortgage brokers that also do a large volume of business can have access to lower rates from lenders based on volume allowing them to offer you terms that smaller volume brokers don’t have access to.

Mortgage brokers also have the benefit of dealing with 100’s of different applications involving a multitude of different lenders. Their advice can be invaluable in getting the best deal possible and voiding less obvious things that you may not have considered on your own.

The benefits can be considerable and the draw backs, few if any.

Click Here If you want to learn more about mortgage brokers and how they can help you secure a mortgage and save you money and aggravation in the process.

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