Patrick Afb, 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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| Patrick Afb, Florida News |
Reservists deploy from Patrick AFB
Air Force Reservists from the 920th Rescue Wing here are scheduled to depart this morning on the last leg of a 14-month deployment to Afghanistan in support of Operation Enduring Freedom.
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Housing privatization projects sold to private company
4 by the new owners, HP Communities LLC. The sale consolidates into a single deal the housing privatization projects at the four bases and allows construction to restart at all locations.
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Patrick to send search, rescue team Gulf
Air Force reservists from the 920th Rescue Wing at Patrick Air Force Base, along with helicopters and long-range refueling aircraft, are preparing to head toward the Gulf region to help those who may be ...
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'Military Alerts' Discount Program Released by MilitaryAvenue.com,...
One company, MilitaryAvenue.com, is doing something about it. Over the last two and a half years, http://www.MilitaryAvenue.com has built a network of over 3500 local military-friendly businesses who offer ...
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Military officials close Patrick, Cape beaches
Rough surf, high waves, rip currents, beach erosion and debris have prompted the 45th Space Wing to close beaches along Patrick Air Force Base and Cape Canaveral Air Force Station.
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GeoEye-1 Satellite Launch Slips Due to Hurricane Hanna Impacting Launch Crew Availability
GeoEye, Inc. , announced today a slip in the launch of its GeoEye-1 satellite from Vandenberg Air Force Base, Calif.
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Patrick AFB boil-water notice rescinded
A boil-water notice for Patrick Air Force Base has been rescinded today, according to the Brevard County Office of Emergency Management.
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'All clear' given for Patrick AFB, Cape Canaveral AFS
An "all clear" order has been given at Patrick Air Force Base and Cape Canaveral Air Force Station.
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Local victim of Khobar Towers bombing honored
Four Barksdale airmen were wounded and one airman from Shreveport was killed in the Khobar Towers attack in 1996.
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Housing hotline
The U.S. Air Force has established a privatized housing hotline in response to a recent amendment to military construction spending measures, which directs the Air Force to provide information to all concerned ...
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Your views: Presidential nitty-gritty
Readers express a variety of opinions in their letters to FLORIDA TODAY. Reuniting families should be important Bringing the troops home is not that important to presidential candidate John McCain.
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Patrick AFB holds tribute to Khobar Tower bombing victims
Airmen of the 920th Rescue Wing paid respects to five co-workers who were killed in the 1996 bombing of Khobar Towers in a small informal ceremony here today.
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Honoring our flag
PATRICK AIR FORCE BASE, Fla. -- June 14 is National Flag Day. It commemorates the adoption of the flag of the United States, which happened that day by resolution of the Second Continental Congress in 1777.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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