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Blog Articles
7 Tips For Improving Your Credit Score
Have you ever wondered how your credit score is calculated? What causes your score to go up or go down? Most Canadians have no clue. Over the years, I have seen hundreds of credit reports and put together a list of 7 tips to improve your credit score. WHY ARE CREDIT...
Bank of Canada Holds Rates, Revises Growth Down
This is the latest blog post from Dominion Lending Centres Cheif Economist, Dr. Sherry Cooper. BANK OF CANADA REMAINS ON HOLD, REVISING DOWN OIL MARKET OUTLOOK The Bank of Canada left the overnight benchmark policy rate at 1-3/4%, as expected. In another dovish...
What Is An Interest Adjustment Date?
The interest adjustment date (IAD) typically falls on the 1st day of the month following your mortgage closing date. The interest adjustment date is the period of time between the date the funds are advanced and the beginning of your first payment period. Typically, this forms part of your closing costs but not in all cases.