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What are the limits on a reverse mortgage?

Reverse Mortgage Loan Limits For the government-insured Home Equity Conversion Mortgage (HECM), the maximum reverse mortgage limit you can borrow against ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Does 121 exclusion apply second home?

The relief act of 1997 repealed and replaced this provision with Internal Revenue Code (IRC) 121, a new tax-free capital gain exclusion on the sale of a p...

How do you calculate project profitability index?

The profitability index is calculated by dividing the present value of future cash flows that will be generated by the project by the initial cost of the ...

What happens when the IRS puts a tax lien on a house?

Time Frame. The IRS has a total of three years after you file your tax return to file a federal tax lien against your property. Once the tax lien is in pl...

What is the due date for state taxes in California?

Due to the COVID-19 pandemic, the deadline to file both federal and California state taxes was extended to May 17. Here are some answers to commonly asked...

How long does a divorce take once papers are signed?

Once the papers have been filed with the court, the question, “How long does an uncontested divorce take?” is completely out of the parties’ hands. The am...

What year do you have to withdraw from 401k?

In most cases, you are required to take minimum distributions, or withdrawals, from your 401k, IRA, or other retirement plan after you reach 70 1/2 years ...

Is non-deductible traditional IRA worth it?

Clearly, a non-deductible IRA isn’t as good as a traditional IRA or Roth IRA. And in most cases it isn’t as good as other retirement accounts, like a 401(...

Can a bond be sold with a coupon below 5%?

This means that if the minimum interest rate is set at 5%, no new bonds may be issued with coupon rates below this level. However, pre-existing bonds with...

What is the average maintenance payment for one child?

On the basic rate, if you’re paying for: one child, you’ll pay 12% of your gross weekly income. two children, you’ll pay 16% of your gross weekly income. ...