Alturas, 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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| Alturas, Florida News |
U.S. 27 Accident Has Lanes Blocked
Published: Wednesday, January 7, 2009 at 7:17 a.m. Last Modified: Wednesday, January 7, 2009 at 7:22 a.m. An accident on U.S. 27 North at Alturas Babson Park Cut off Road in Lake Wales has some lanes blocked, ...
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Residents Want Careful Planning For Highway 60
Planners should look closely at the influences of future development on transportation, the natural environment and the sense of place as they proceed with a planning study of the State Road 60 corridor, ...
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Family Loses Nearly All in Blaze
American Flag, given to the family during funeral service for Janelle Fossett's father was damaged if not destoyed, awaits removal as Thomas Fossett, Janelle's husband, sorts through the remains of their home ...
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Rain System Turns Polk Soggy
Published: Thursday, July 17, 2008 at 8:49 a.m. Last Modified: Thursday, July 17, 2008 at 2:06 p.m. LAKE WALES A low pressure system that dropped 6 inches of rain on Lake Wales and just under half an inch on ...
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Measured Rainfall Varies Across Polk
Published: Thursday, July 17, 2008 at 6:10 a.m. Last Modified: Thursday, July 17, 2008 at 7:12 a.m. Tuesday was another example of the hit-and-miss nature of Central Florida's rainy season, as evidenced by ...
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Polk's School Grade Rises From C to B
Published: Wednesday, July 9, 2008 at 6:21 a.m. Last Modified: Wednesday, July 9, 2008 at 10:47 a.m. LAKELAND The Polk County School District has climbed from a C to a B in the state's annual report card even ...
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Swap Shop
Published: Monday, June 30, 2008 at 6:11 a.m. Last Modified: Monday, June 30, 2008 at 7:11 a.m. seeking FOREST GREENERY We are doing a rainforest theme in our library at Churchwell Elementary for next school ...
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Alturas Brush Fire Burns Shed
Published: Saturday, June 7, 2008 at 7:53 p.m. Last Modified: Saturday, June 7, 2008 at 7:55 p.m. ALTURAS Four agencies worked together to gain control of a two acre brush fire in Alturas earlier this ...
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3 Brush Fires In Polk Contained
Brush Fire Near Alturas A brush fire in Alturas in Polk County this afternoon has been contained, public safety spokeswoman Heather McClanahan said.
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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