IRD or Interest Rate Deferential is a formula the banks use to calculate mortgage penalty if you decide to break the mortgage with your current lender. The IRD formula is used in a case where the current posted rates are lower then your mortgage rate. This is done in order to have a bigger penalty if you are breaking your mortgage for a better rate.

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I ported out from fido to rogers. rogers was supposed to be paying for the cancellation penalty, and was supposed to be between fido and rogers. fido sent me the bill for $1575 which i refused to pay and called them several times to fix the bill. later on i noticed on the bill that they changed my zone plan from calgary to edmonton. i never lived in edmonton and know noone there. i called back several times to fix the bill and even told them i can't pay until i know the correct amount to pay. it took me more than six months to get the corrected bill which was only $400. i paid it right away. now i am looking to buy the house and in my credit report shows derrogatory from fido. even though it wasn't my fault, cmhc has declined my mortgage application. i have an excellant house deal in my hand. what should i do?

Probably you have some wrong items in your credit report. Use credit repair service to find and remove such bad stuff from your credit - freecreditreport.hotusa.org