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    Guy Ward

    As a Mortgage Associate, I offer one-stop convenience and impartial advice. Different financial Institutions and Lenders offer a wide range of mortgage rates, terms, and conditions. By shopping wisely, I can find the mortgage that best suits your financial needs. As your Mortgage agent I will help you understand how different rates, terms and conditions can affect the lifetime cost of your home, your monthly payments and financial flexibility . By presenting your requirements to a variety of Canada's major Lenders, your mortgage can be secured at lower than advertised rates, usually within hours and most often free of charge (oac).

     

    Guy Ward's Recent Articles



    Renewing your mortgage? Let’s talk.

    Consumers are becoming much more informed about mortgages and mortgage products before taking the plunge into home ownership. According to the Canadian Mortgage and Housing Corporation’s (CMHC) 2016 Consumer Survey, 72% of mortgage consumers did online research, 65% compared various mortgage products with professionals and 69% used a mortgage calculator. Because consumers are highly engaged, they […]

    Posted: September 8th, 2016 under Banks, Debt, Financial Planning, MONEY®, Mortgages, Real Estate.

     

    Behind on mortgage payments? I can help

    There are times in our lives when the unexpected happens and we find it difficult to cope financially. It could be a job loss, an unexpected illness, the death of a loved one or separation and divorce. There may be enough money to get by for a few months, but soon many families find themselves […]

    Posted: August 4th, 2016 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    How Brexit will impact housing

    There’s been much attention devoted to Brexit, with good reason. In an historic referendum, a majority of voters in Great Britain opted out of the European Union (EU) – a partnership that came into existence after the Second World War. It morphed into an economic and political union of 28 countries working as a single […]

    Posted: July 7th, 2016 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Refinance to consolidate debt

    To no one’s surprise on May 25, the central bank left its key interest rate unchanged at 0.5 per cent. While the bank said it expects the economy to “rebound”, it stopped short of discussing the likelihood that this rebound will be enough to keep overall 2016 growth on track with its previous goal of […]

    Posted: June 16th, 2016 under Banks, Debt, Finance, Financial Planning, MONEY®, Mortgages, Real Estate.

     

    Top Six Mortgage Features

    Real estate is a still a hot commodity in many parts of the country, and it’s also a competitive market. Prices are rising and listings are in short supply. And everyone wants your business — from Realtors to mortgage lenders. It’s important to understand the features of a mortgage and make sure it fits with […]

    Posted: April 7th, 2016 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Moving towards mortgage freedom

    Good news!  It may only take small changes for you to become mortgage free and save thousands of dollars in interest in the process.  In December, Mortgage Professionals Canada released its annual state of the housing market report and found that, on 2015, 36% of homeowners took actions to reduce their mortgage debt. While many […]

    Posted: March 3rd, 2016 under Banks, Debt, Financial Planning, MONEY®, Mortgages, Real Estate.

     

    Here’s what can effect your credit score

    Okay, you’ve worked hard to build up your credit score. You pay all your debts on time, have focused on getting out of debt –maybe even closed a few of those accounts because you don’t need them or want them anymore. Then one day you apply for a loan and there are issues. What??? Everyone […]

    Posted: February 4th, 2016 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Looking forward to 2016

    This past year we saw many challenges in the housing sector. There were the recent changes to down payment minimums; we saw housing prices increase in some areas of the country while in other areas we saw a slowdown of housing activity, in part due to falling oil prices.  We read media reports about bubbles…again. […]

    Posted: January 7th, 2016 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Should I Refinance My Mortgage?

    It’s the holiday season and thinking about your mortgage is likely that last thing on your mind. However, if you’re sitting with a lot of equity in your home yet can’t seem to manage your debt payments, perhaps thinking about your mortgage is the best thing you can do. With credit card interest rates often […]

    Posted: December 3rd, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Getting behind on mortgage payments? We can help

    There are times in our lives when the unexpected happens and we find it difficult to cope financially. It could be a job loss, an unexpected illness, the death of a loved one or separation and divorce. There may be enough money to get by for a few months, but soon many families find themselves […]

    Posted: November 5th, 2015 under Banks, Debt, Financial Planning, MONEY®, Mortgages, Real Estate.

     

    Review your mortgage at renewal time

    Is your current mortgage still competitive? Has there been a change in your job or your family situation? Are you up-to-date on what the market is doing with regard to interest rates? It’s always a good idea to review your mortgage at renewal time to make sure you’re in the best product for your current […]

    Posted: October 8th, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    August Market Volatility

    We are living through interesting times – economically speaking. The latest news surrounding the turmoil in the stock market and a potential “crash” has made some consumers a bit jittery. You may be wondering how what’s happening in the stock markets the will impact your life. Here are a few thoughts. Let’s put China in […]

    Posted: September 3rd, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Know what’s on your credit report

    Do you know your credit report score? Ever checked your credit report for mistakes? A national survey conducted by the non-profit Public Interest Advocacy Centre found that 18% of the people surveyed found mistakes in their credit report and 10% of those believed they were denied financial services because of those errors. Mistakes on credit […]

    Posted: August 6th, 2015 under Debt, Finance, Financial Planning, MONEY®, Mortgages, Real Estate.

     

    The advantage of early renewals

    A recent survey by the Canadian Mortgage and Housing Corporation (CMHC) found that 60% of Canadian mortgages were renewed before the scheduled date. Here are two good reasons why you should consider renewing your mortgage early: lower your mortgage rate and get ahead of any rate increases. The bottom line is that early renewals may […]

    Posted: July 9th, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Your road to mortgage freedom

    Paying off your mortgage may be the best investment you can make. A survey conducted in 2013 by Canada Mortgage and Housing Corporation (CMHC) found that 68% of homeowners felt they could pay off their mortgage early. Last year a Scotiabank poll found that almost two-thirds of mortgage-holders agreed they could pay off their mortgage […]

    Posted: June 4th, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    The Value of Working with a Mortgage Professional

      The real estate and mortgage industry is a competitive business. Changes in lender policies have led to an altered mortgage landscape. The recent slump in oil prices and a lowered loonie have dampened housing activity in some parts of the country.Early forecasts pointed to a slower pace in sales but that has not happened, […]

    Posted: May 7th, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    The Benefits of Private Lending

      The mortgage lending landscape has changed during the past few years. Lenders and insurers have become more discerning when approving mortgage applications. It’s even more challenging to those with some damaged credit and for those who are self-employed. The good news for self-employed individuals is that one insurer is now re-releasing its stated income […]

    Posted: April 9th, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Renos that make sense

      We all want our homes to look great. You know about regular maintenance but you might also want to renovate that tired bathroom or dated kitchen, or replace those older windows and redo the basement to create more living space. Here are six renos that may help to increase your home’s value:Revamp the Bathroom. Every […]

    Posted: March 5th, 2015 under Banks, Debt, Finance, Financial Planning, MONEY®, Mortgages, Real Estate.

     

    Should you break your mortgage?

    Once again interest rates have dominated the headlines. First, it was the declining fixed rate. Fixed rates are usually priced off bond markets, independent of what’s happening with the prime rate. The Bond market, like all markets, fluctuates daily. Fixed mortgage rates are now as low as 2.69% to 2.89% (and appear to be dropping). […]

    Posted: February 5th, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Economy in 2015 good for buying a home

      The outlook for the Canadian economy in 2015 in general is looking rosy. As you know, we are, for the most part, influenced by the U.S. economy. Economic recovery in the US is growing at the consumer level and demand for goods will pull many other countries along with it, including Canada. Since important […]

    Posted: January 8th, 2015 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Should I Refinance My Mortgage?

    It’s the holiday season and thinking about your mortgage is likely that last thing on your mind. However, if you’re sitting with a lot of equity in your home yet can’t seem to manage your debt payments, perhaps thinking about your mortgage is the best thing you can do. With credit card interest rates often […]

    Posted: December 4th, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Interest rates and your mortgage

    We’ve had a good long run of interest rates at record lows and it looks as if the discounted variable rate is going to stay where it is…for awhile. However, fixed rates may start to rise, albeit slowly. Let’s take a look at the variable rate.The Bank of Canada (BoC) recently announced that it was […]

    Posted: November 6th, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Appraisals made easy

    Changes in mortgage rules for home buyers and insurers certainly have had an impact on the housing market, and those changes impacted property appraisals as well. Conventional mortgages – those that are up to 80% loan-to-value of the value of the property — and uninsured — are often required to have an appraisal. The decision […]

    Posted: October 9th, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    A solution to refinancing if you don’t qualify in the traditional way

    New mortgage rules have definitely had an impact on new home buyers, but those with an existing first mortgage who want to refinance might be in for a surprise. At renewal time, you have the option of increasing your mortgage to consolidate debts, for example, or for home improvements, or keep the mortgage amount the […]

    Posted: September 4th, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Getting behind on mortgage payments? We can help.

    There are times in our lives when the unexpected happens and we find it difficult to cope financially. It could be a job loss, an unexpected illness, the death of a loved one or separation and divorce. There may be enough money to get by for a few months, but soon many families find themselves […]

    Posted: August 7th, 2014 under Banks, Debt, Finance, Financial Planning, MONEY®, Mortgages, Real Estate.

     

    The growth of private mortgage lending

    Getting a mortgage from a bank has become a bit more challenging, especially for those who are self-employed or have some credit challenges, whether the challenge is the result of a bankruptcy or some other life circumstance. With the introduction of new mortgage rules this year, the Bank’s have tightened its guidelines to certain types […]

    Posted: July 3rd, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Make sure you qualify for a mortgage!

    So, you can afford your desired mortgage payment, but do you qualify for it?  There are a lot of factors that a lender considers when deciding to give you a mortgage. There’s a difference between knowing you can afford a mortgage and actually qualifying for one. Recently, there was another round of changes to the […]

    Posted: June 5th, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Using your equity

    Using your equity Is it time to renovate that kitchen or put an addition on your home? Or maybe you’re tired of paying those high-interest credit cards. Or you’re considering purchasing an investment property. If you’re self-employed, you might need a cash infusion. So where do you get the money? Well, if you have enough […]

    Posted: April 10th, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Use a mortgage broker at renewal time

    Use a mortgage broker at renewal time As you know, working with a mortgage broker is your best option to get the best mortgage for your particular situation. Of course, brokers have always known that, but research by various companies, including the Canadian Association of Accredited Mortgage Professionals (CAAMP) has shown that it still holds […]

    Posted: March 13th, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Consumers focus on paying down debt

    The holiday bills have already started coming in and many consumers are vowing not to overspend again. They are scrutinizing their finances and have made resolutions to pay down debt this year.  A new survey from Equifax Canada indicates that 85% of those polled say they plan to make significant financial changes this year. Paying […]

    Posted: February 13th, 2014 under Banks, Debt, Finance, Financial Planning, General, MONEY®, Mortgages, Real Estate.

     

    Looking forward to 2014

      In 2013 we saw a largely balanced housing market, which showed surprising resiliency despite some gloomy predictions. While the market did slow in the early part of the year, the summer and fall months showed signs of life in most areas of the country. While there are still some issues surrounding affordability for first […]

    Posted: January 9th, 2014 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Mortgage stats and you

    Amortizations are falling, rate discounts are increasing and consumers have flocked to fixed rates. Those are a few of the trends found in the Canadian Association for Accredited Mortgage Broker’s (CAAMP)  Annual State of the Residential Mortgage Market report. The following highlights were compiled by Canadian Mortgage Trends. Where do you fit in! 16% of […]

    Posted: December 5th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Good news for interest rates…

    There’s good news on the interest rate front. In the Bank of Canada’s (BoC) most recent announcement it maintained its prime rate at 1%, however with one slight difference. Since 2012, the BoC’s report has included a tightening bias, warning Canadians that rates would soon rise. That bias was removed from BoC Governor Stephen Poloz’s […]

    Posted: November 7th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Your Mortgage Broker and You!

    As the mortgage rules have changed over these past few years, so has the role of a mortgage broker. While offering low rates and access to the best products is still very much a part of what we do, our role has expanded as competition for your mortgage business increases. Many Canadians see their financial […]

    Posted: October 3rd, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Rising interest rates and you!

      Over the past few years it seemed every expert was telling us that interest rates would be rising, but after years of record low fixed rates, I think many of us stopped believing the headlines.With bond prices dropping and yields on the rise, those rates that are tied to bonds have shown dramatic movement […]

    Posted: September 12th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Demand a Thorough Home Inspection

    Make sure your real estate purchase contract includes an inspection clause. Typically, contracts allow home-buyers seven or so days after signing to have the property inspected. The results of the inspection can be used to ask the seller to fix trouble spots, or to adjust the selling price to cover the coast of necessary repairs. Get references […]

    Posted: August 29th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Will there be a housing bubble in Canada? Not likely.

      One day the economy is growing and thriving, the next day, the housing bubble is about to burst and the country is stagnating. This is the fickle nature of the media. Not only was this the news a few years ago, but gloomy economic news is still reported by the media today. It seems […]

    Posted: August 15th, 2013 under Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Real Estate Title Fraud!

    Real Estate Title Fraud Incidents of real estate title fraud are increasing in Canada and homeowners are proving to be irresistible targets for fraud artists. Homeowners can protect themselves by obtaining title insurance. The coverage provided protects homeowners who might otherwise face huge financial losses resulting from title fraud. Insuring the ownership of your property (referred […]

    Posted: August 1st, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Three Ways to Finance Your Home Improvements

    Three Ways to Finance Your Home ImprovementsIt may be summer now, but it’s not too late to think about making some improvements to your home.If you’re a little cash-shy, using your credit card is not an option, as interest rates are too high. Even the interest rate on a home improvement loan or a line […]

    Posted: July 18th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Renewing your mortgage? Let’s talk

    Consumers are becoming much more informed about mortgages and mortgage products before taking the plunge into home ownership. According to the Canadian Mortgage and Housing Corporation’s 2013 Consumer Survey, 70% of buyers researched mortgage terms and conditions, 60% discussed the pros and cons of various mortgage products and 59% compared interest rates.Because consumers are highly […]

    Posted: July 4th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    House-hunting tips for couples!

    A lot of couples admit they are an example of opposites attracting. So when these couples decide to buy a home together, their differences can certainly pose a challenge. Buying a home is exciting but the process can also be stressful. It is the biggest purchase most people will ever make and there will almost […]

    Posted: May 23rd, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Small steps towards mortgage freedom

    Good news! You can baby step your way to mortgage freedom and save thousands of dollars in interest in the process.  According to Scotiabank’s Mortgage Landscape Study, almost two-thirds of mortgage holders agree they could pay off their mortgage faster without impacting their lifestyle. How much does it take — only an extra $20 a […]

    Posted: May 9th, 2013 under Banks, Debt, MONEY®, Mortgages, Real Estate.

     

    Do you wonder how much you’ll get back for that reno?

    Each spring and summer many homeowners eagerly spruce up their homes with any number of projects – from a new kitchen and new bathroom to a new deck or a whole new addition. Not only does it make their living space more enjoyable but also has the added benefit of an increase in property value. However, not all renovations are created equal. Every […]

    Posted: April 25th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Do home buyers need to be cautious?

    It seems many first-time home buyers are taking a wait-and-see attitude before jumping into the housing market. The question is: What are they waiting for?In an Ipsos Reid poll released in late March, 15% of those polled said they’ll probably buy a house in the next two years — down from 27% last year.About 75% […]

    Posted: April 11th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    You need a good plan for retirement

      Six million Canadians face a more than 20% drop in living standards after they leave the workforce according to economists from the Canadian Imperial Bank of Commerce (CIBC). A steep decline in savings rates combined with scaled back company pension plans could result in a huge gap for the next generation of retirees. For […]

    Posted: March 28th, 2013 under Banks, Debt, Finance, Financial Planning, MONEY®, Mortgages, Real Estate.

     

    The competitive mortgage market – it’s not all about rate

    The recent announcement that BMO has lowered its 5-year fixed rate from 3.09% to 2.99% has caused a flurry of speculation from market analysts and warnings from the federal government.  For the past year the Bank of Canada has been warning that high household debt levels, the bulk of which come from mortgages, are the […]

    Posted: March 14th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    What does your financial fitness look like?

    Like every year, you’re going to reinvest it: some into the RRSP, some in the TFSA and the balance into your child’s RESP account. As a bonus, your debt is manageable and you’re fast-tracking your mortgage payments. Give yourself a round of applause because you are a financial champion! Sure you are — in a […]

    Posted: February 28th, 2013 under Banks, Debt, Finance, General, Mortgages, Real Estate.

     

    Collateral mortgages a hot topic

    There has been a lot of interest in collateral mortgages since CBC’s Marketplace took a stab at banking fees on January 27, 2013.Up until a few years ago, most mortgages were registered as a standard charge mortgage. The major decisions were to opt for a fixed or a variable-rate mortgage and what term to select. […]

    Posted: February 14th, 2013 under Banks, Debt, Finance, General, MONEY®, Mortgages, Real Estate.

     

    Low rates, recession and debt!

    Fixed rates are heavily discounted – a posted rate of 5.24% can be had for 2.94%. Lines of credit are at Prime plus .50 or plus 1% depending on the lender. However, this cheap money is not without its costs. Canadians are now carrying an enormous amount of debt, not only in mortgages but in […]

    Posted: February 7th, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     

    Review Your Property Investments Goals

    The number one thing to do this year is to write out your property investment plan. In that plan, decide your financial goals, such as what your net worth will be at the end of 2011 and how much money you’ll need to retire. Your goals may be weekly, monthly or for any period you […]

    Posted: January 31st, 2013 under Banks, Debt, Finance, MONEY®, Mortgages, Real Estate.

     



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