Port Orange, 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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| Port Orange, Florida News |
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Armed robbery report in Port Orange leads to two arrests
They weren't charged with armed robbery, but two suspects in Port Orange were arrested for loitering and prowling after they failed to keep their stories straight early Saturday morning, officials said.
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Man pinned under RV still 'critical'
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A grease fire is being blamed for an estimated $90,000 in damage to three Port Orange apartments.
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Unexpected aid lifts Port Orange man's spirits
Michael Signorelli has had better Christmases. The 38-year-old Port Orange man's painting business tanked along with the economy over the past year, and that's had many unhappy ripple effects in his life.
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4 charged in smash-and-grab burglaries
Brazen is how Port Orange police described a band of smash-and-grab burglars who they say wreaked havoc in at least three cities.
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Legislation could aid annex
Rockledge is considering the use of state legislation to reduce four county enclaves.
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Finnish company relocates to Abingdon
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Port Orange artist creates White House ornament
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Port Orange pushes dredging
When Lynn Bramerel saw her dog fall into the canal behind her home, she waded in to help.
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Try virtual sports at the Port Orange library
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School officialsseek fund solutions
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Lohman purchases 2 Volusia groups
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40 High School Students Infected With Chicken Pox
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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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