Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

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.

Local bad credit divorce buyout directory for FL :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Yalaha Yankeetown Youngstown Yulee

Return to our bad credit divorce buyout page

Bad Credit? We can help!

Call for COMPLETE details NOW!

(800) 675-9783

Florida News
Gainesville readies for BCS celebrations

Gainesville police ready for rowdy night Thousands of University of Florida students hope to party like it's 2007 as they wait to see their Florida Gators play for their second national championship in football ...


John Travolta flies son's ashes home after being 'too distraught to attend the cremation'

John Travolta and his actress wife Kelly Preston flew home from the Bahamas with their teenage son's ashes yesterday after it emerged they had been too distraught to attend his cremation service on the holiday ...


Florida education 10th in the nation

Florida's education ranking has jumped from 14th to 10th in the nation, and its overall grade improved from a C-plus to a B-minus, according to the 2009 Quality Counts: Portrait of a Population report released ...


Sheriff's deputy arrested in Polk County

The Polk County Sheriff's Office arrested one of their own on Wednesday. Investigators say 23-year-old Kimberly Torres was charged with two felony counts of unlawful use of a computer.


Key Senate race a toss-up without Jeb Bush

TALLAHASSEE a ' It's likely Jeb Bush could have tapped his reputation as governor and an extensive fundraising network to keep a key U.S. Senate seat a ' and possibly a filibuster-proof majority a ' out of ...


Casey Anthony Won't Be Deposed From Jail; Restrictions Put On Autopsy Photos

The Florida mother charged with murdering her little daughter will not be deposed from jail in a defamation lawsuit.


Florida Democrats feel like dancing -- at inauguration

When Stacy Ritter shows up at Florida's official presidential inaugural ball in the nation's capital, she'll be wearing a gown she purchased eight years ago.


Powerball hits Florida

Powerball hit Florida Wednesday night with the first ever drawing to include the Sunshine State broadcast live from Universal Studios.


Long Awaited Veterans Cemetary Opens

A national veterans cemetery has officially opened in Jacksonville. The cremated remains of eight veterans were laid to rest at the Jacksonville National Cemetery Wednesday morning.


National Report Card Gives Florida Schools B-Minus

Even while Florida's schools struggle financially, a report card issued Wednesday by Education Week magazine shows them making academic progress and ranks the state 10th nationwide.


House Democrats appealing to Republicans to slow down budget-cut talks

Florida House Democrats on Wednesday called on the Republican leadership that controls the Legislature to slow down, wait for help from Washington and soften the blow of $2.4 billion in cuts to essential state ...


Democratic hopes soar on Jeb Bush's Senate decision

Former Gov. Jeb Bush's decision to take a pass on Florida's up-for-grabs U.S. Senate seat in 2010 has set the stage for fiercely competitive primaries in both parties and raised Democrats' hopes that in two ...


State may consider new taxes

Learning that state revenue fell by another $100 million last month, Florida lawmakers began their new year on Monday preparing to cut some $1 billion in funding for schools, nursing homes and other government ...


Travolta Family In Florida With Son's Ashes

Actor John Travolta and wife Kelly Preston flew back to their home in Ocala, in centralA Florida onA Monday eveningA with the remains of their 16-year-old son, Jett.


Florida Supreme Court reprimands appeal judge

In a first-of-its-kind reprimand, the Florida Supreme Court scolded a judge Tuesday for a "personal attack" and "unsubstantiated accusations" he made against a colleague in a written opinion.


Ex-Fla. Gov. Jeb Bush won't run for Senate in 2010

Former Gov. Jeb Bush announced Tuesday that he won't run for the U.S. Senate in 2010 to replace the retiring Mel Martinez, saying that it was not the right time to return to elected office.


Gov. Crist seeks support for loan program

Gov. Charlie Crist invited some corporate executives to the Governor's Mansion today to rally support for a new small-business loan program designed to help companies with about 10 to 100 employees get quick ...


Fla. Lawmakers Work on $2.3B Budget Deficit

Florida legislators are beginning their search for ways to close a $2.3 billion deficit in the current state budget during a two-week special session.


Florida offers new, affordable health insurance

Florida's new, affordable health care insurance program took effect on Monday. The program, called Cover Florida, is available to anyone between 19 and 64 years old.


House fire kills 8

Should minors be allowed in bars? Five up at bat County officials say choosing the companies was a can of corn after they agreed to hire local workers Manatee deaths up slightly in 2007 No more free beer at ...


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)