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Altha, FL Divorce Buyout in Florida
Since 1979 Somerset Investors Corp. Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Florida, offering its expertise in many of the circumstances that life brings to many homeowners. In most cases Somerset has been able to provide lower payments for the spouse remaining while giving large cash outs to the other. Our Divorce Buyout Loan Specialists work with you to determine how much of a loan you need and what it will cost to refinance.Following is an example of how Divorce Buyout works:
Example: John and Jane own a house valued at $500,000, with a mortgage (or mortgages) that total $300,000. If you subtract the value from the total loan about ($500,000 - $300,000) you get the equity of the house, in this case $200,000. If John and Jane split their assets 50-50, each have $100,000 equity in the house. Therefore, if John wishes to keep the house, he would need to refinance the mortgage(s) with a total loan amount of $400,000 and use the remaining $100,000 to buy out his spouse.
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| Altha, Florida News |
Two Indicted In Murder Case
The Bay County Grand Jury indicted two in connection with the November 13, 2008, shooting death of Vish Patel.
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Driver accused in slaying: a I didn't know'
The way Joshua Sourbeck tells it, he just gave the wrong people a ride. Sourbeck, 20, of Altha, took a call Thursday from his friend, Amy Beth Cucco, who told him that she needed to get to Sylvia's Grocery in ...
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Six arrested in Fountain slaying
Vishnukumar "Vish" Patel was the kind of store owner that every town needs. He let his customers borrow milk when the babies were hungry, gas when they had to get to work and offered soothing words for the ...
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Arrests Made in Fatal Robbery Attempt
Bay County Sheriff Frank McKeithen announced the arrest of six individuals in connection to an attempted robbery and homicide at Sylviaa TMs Grocery at 18441 Hwy.
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Vish Patel Murder
Five players on the FSU Football team have been suspended for this weeks game against Boston College.
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Popular Store Owner Murdered - 6 Arrested
A well liked member of the Fountain community was murdered Thursday night. Bay County sheriff's investigators have arrested three suspects in the slaying.
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A friend of animals needs help herself
All of us have experienced chance encounters that change our lives. And more often than not we are unaware of the exact moment when the connection is made.
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One dies, another seriously injured in crash
A Blountstown woman was killed and an Altha man seriously injured in a Calhoun County traffic crash late Tuesday afternoon.
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Meet Candidates for Calhoun County Sheriff
Residents across the country will head to the polls in just a few weeks to elect a new president.
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Peter Baronoff resigns from Boca city council to care for severely ill wife
Boca Raton City Councilman Peter Baronoff, re-elected in March to his second term, former chairman of the Community Redevelopment Agency and the city's current deputy mayor, will step down from the city's ...
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Navy SEALS sail into Blountstown High
BLOUNTSTOWN ---Youth met experience Tuesday in Blountstown when a trio of active and retired Navy SEALS spoke to students in the auditorium at Blountstown High School during 5th period.
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House burglars nabbed
Two men were arrested on Wednesday just a few streets down from the house they allegedly burglarized twice in one week.
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Altha senior Chew says little; his lifts say plenty
Gary Chew is an athlete of few words. Ask him what he would say to youngsters considering boys' weightlifting at Altha High, and the Tallahassee Democrat 2008 All-Big Bend Weightlifter of the Year responds: 'It ...
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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