What is an interest rate differential (IRD)? How do you calculate it?

A mortgage in its simplest form is a contract. It has terms, conditions, rights and obligations for you and the lender. When you sign on the dotted line, you are agreeing to those terms for the length of time laid out in the contract. However, sometimes life throws us an unexpected event that brings around … Continue reading What is an interest rate differential (IRD)? How do you calculate it?