The Daily Horizon

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What happens if I refuse to renew my mortgage?

If the lender declines to renew your mortgage, you will either have to approach another lending institution or consider tapping into the private lending m...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What happens when you submit a credit application?

Your Credit Will Be Checked When you apply for a credit card, you give a credit issuer permission to access your credit reports and credit scores, and for...

Can rewards points be refunded?

When your credit card gets refunded for your return, the points, miles or cash back you earned on that purchase will be subtracted from your rewards balan...

Who owns a SIMPLE IRA?

Who owns SIMPLE IRA contributions? Contributions to SIMPLE IRA accounts are always 100 percent vested, or owned, by the employee. Can I manage my own SIMP...

Can you use roommate income for mortgage?

Borrowers can use income from roommates and boarders to help their loan approval, for example. Examine your situation, whether you have been turned down, ...

What is the tax rate for early withdrawal from a 401k?

In the end, the total taxes on an early 401k distribution can range from zero to 40+ percent depending upon your total income, marital status, dependents,...

Can you make a journal entry to retained earnings?

The normal balance in the retained earnings account is a credit. This means that if you want to increase the retained earnings account, you will make a cr...

How late should a bill be before it goes onto your credit score?

30 days If you’ve missed a payment on one of your bills, the late payment can get reported to the credit bureaus once you’re at least 30 days past the due...

How do you write a note for buying a house?

7 Tips for Writing the Perfect Real Estate Offer Letter Address the Seller By Name. Highlight What You Like Most About the Home. Share Something About You...

How is CAPM hurdle rate calculated?

Calculating Hurdle Rate Here is the formula: Cost of capital + risk premium = hurdle rate. For example, if an investor’s cost of capital is 5%, and the ri...