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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...

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.

What Is A Monoline Lender?

WHAT IS A MONOLINE LENDER? When you use a licensed Mortgage Professional, you will get access to their vast network of lending partners.  These partners include Chartered Banks, Credit Unions, Monoline Lenders, and private lenders.   This post will focus on monoline...

What Is A Collateral Charge Mortgage?

WHAT IS A COLLATERAL CHARGE MORTGAGE? Your mortgage gets registered with the Land Title Office in one of two ways: a standard charge or a collateral charge.  This post will focus on the latter. So what exactly is a collateral charge mortgage? Most Banks and Credit...


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