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Can you refi with stated income?

Lenders who offer stated income mortgages aren’t qualifying borrowers nonchalantly. Borrowers need to have good credit scores, plenty of cash reserves, an...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Do you report form 5498 on taxes?

Form 5498: IRA Contributions Information reports your IRA contributions to the IRS. Your IRA trustee or issuer—not you—is required to file this form with ...

In what countries does Honda operate?

Based upon Honda’s core philosophy of producing products close to the customer, Honda began a new global strategy focused on regional operations in the ea...

Can you cash a check from 5 years ago?

The Uniform Commercial Code, which applies in most states, says that a bank is not obligated to cash a check more than six months after it was written. So...

What is an example of an acquisition?

The definition of an acquisition is the act of getting or receiving something, or the item that was received. An example of an acquisition is the purchase...

What is the main point behind using the DuPont analysis?

A DuPont analysis is used to evaluate the component parts of a company’s return on equity (ROE). This allows an investor to determine what financial activ...

How do I know what Capital One card I was approved for?

How can I find out the status of my credit card application? If you apply by phone or online, you will often get a response in 60 seconds. However, in som...

What is the total asset turnover?

Asset turnover is the ratio of total sales or revenue to average assets. This metric helps investors understand how effectively companies are using their ...

Can someone be on mortgage but not title?

However, most mortgage lenders prefer that all borrowers appear on the title. However, mortgage borrowers that are not on the title deed become guarantors...

What is a 30 year amortization schedule?

What is an amortization schedule? Simply put, an amortization schedule is a table showing regularly scheduled payments and how they chip away at the loan ...