Q: I’ve heard that the IRS will start making advance payments toward the Child Tax Credit of 2021 this summer. What do I need to know about these payments?
A: The advance payments of the Child Tax Credits of 2021 will be distributed monthly to eligible families, beginning on July 15, 2021. Here’s what you need to know about these payments.
Q: Is 2021 a good time to sell my home?
A: While it appears to be a seller’s market, and the perfect time to put your home up for sale, there are many variables to consider before going forward. Below, we’ve outlined important points to know about today’s market so you can make an informed decision about selling your home in 2021.
Q: What exactly is the “prime rate?” How does it affect me as an individual?
A: The prime rate is the current interest rate that financial institutions in the U.S. charge their best customers. These customers have excellent credit, and are eligible for this optimal rate because their loans carry the lowest risk for their financial institutions.
The prime rate is also referred to as the prime interest rate, prime lending rate or simply prime. You may hear this term thrown around a lot in the financial news or when reading up on loans and mortgages. That’s because the prime rate affects every level of the economy.
We have answers to all your questions on the prime rate.
You may keep hearing that interest rates are dropping – but what does that mean, really? Which interest rates? Who decides that? How does that affect me?
It can get pretty confusing to anyone who isn’t an economics major. But that’s why we’re here to help you understand what it all means.
