Real Estate News

Many older Americans are turning to “reverse” mortgages to finance a home improvement, pay off a current mortgage, supplement their retirement income, or pay for healthcare expenses. Reverse mortgages allow older homeowners to convert part of the equity in their homes into cash without having to sell their homes or make extra monthly payments.

In a …

The Florida real estate exam is as tough as ever for most candidates. Candidates must study with a focus on the exam. In December, 2006, 3907 candidates for a sales associate license sat for the exam. The pass rate for first-time test takers (1712) was 43 percent, somewhat below the year’s average pass rate of …

Candidates for Florida’s real estate exam must study and stay focused to pass the exam. In November, 2006 the pass rate for first-time test takers for the sales associate exam was 43 percent down from October’s 47%, so only about four in ten people sitting for the exam were successful. It’s even tougher for applicants …

Home buyers who purchase in 2007 or later can deduct Mortgage Insurance Fees When Preparing Their Tax Returns. Mortgage insurance is NOT deductible for borrowers who purchased before 2007.
Mortgage insurance is charged to buyers who purchase homes with less than a 20 percent down payment, a route used by most homebuyers. …

More women are looking for flexible careers, and are finding that real estate fits their needs. A recent study by the Simmons School of Management describes this trend toward a career path that allows a woman to use the benefits of real estate sales to make substantial incomes while raising a …