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What is a prime rate today?

The prime rate today is 3.25%, according to the Federal Reserve and major U.S. banks. The current prime rate is 3 percentage points above 0.25%, which is ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What happens if I close my 401k early?

If you withdraw funds early from a 401(k), you will be charged a 10% penalty tax plus your income tax rate on the amount you withdraw. In short, if you wi...

How do you renovate an old house in a low budget?

Tips for Getting Ready to Renovate on a Budget Don’t Budge From Your Budget. Set a firm budget for your remodel and do not stray from it. Shop Around for ...

Can an LLC be owned by one person?

Can one person own an LLC? Yes, in the District of Columbia, as well as all 50 states, one person can form an LLC as a single-member LLC, though they may ...

Do credit bureaus work together?

They do not share data with one another. Credit reporting is voluntary. Just because a data furnisher opts to share information with one bureau doesn’t me...

How do I calculate principal and interest on a loan?

Amortizing loans Divide your interest rate by the number of payments you’ll make that year. Multiply that number by your remaining loan balance to find ou...

Can I use property as collateral for a loan?

Collateral is simply an asset, such as a car or home, that a borrower offers up as a way to qualify for a particular loan. The lien gives a lender the rig...

What is the reconveyance fee?

This fee is charged by title companies or attorneys in some states and covers the cost of removing your current lender’s lien from your property title whe...

What is the FAB technique?

FAB stands for Features, Advantages, and Benefits. FAB is a model businesses use to understand why someone buys their product or service, and then align t...

What is a 6% 401k match?

Your employer will match part of the money you put in, up to a certain amount. In other words, your employer matches half of whatever you contribute … but...