28 12, 2023

Master the Interest Rate Differential (IRD): How to Calculate IRD Penalty 3 different ways

By |2024-05-21T23:50:20+00:00December 28th, 2023|Categories: , |0 Comments

The Mortgage IRD Interest Rate Differential Definition What is an Interest Rate Differential (IRD)? Interest Rate Differential, often abbreviated as IRD, is a crucial financial concept in banking and mortgage sectors. It represents the difference between the interest rate of [...]

24 11, 2022

Bona Fide Sale Clause Mortgage & Reasons to avoid it.

By |2024-01-21T01:57:40+00:00November 24th, 2022|Categories: , |0 Comments

What is a Bona Fide Sale Clause? A Bona Fide Sale Clause is a contractual restriction in mortgage agreements that essentially binds the borrower to the lender for the entire duration of the term, unless the property is sold in [...]

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