Altoona, 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.
Return to divorce buyout in the state of FL
| Altoona, Florida News |
Good Samaritan came to the aid of us two
He then directed us to follow him to the off ramp at exit 126, and then to White Tire on Mine Road.
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Oktoberfest seniors' social lunch
The Fruitland Park Recreation Department will have a seniors' social buffet lunch Oct.
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A school-lunch star
Lake County is home to one of America's top lunch ladies. Linda May, food manager at Astatula Elementary, recently was named the grand-prize winner in the Jennie-O-Turkey Store's national recipe contest with ...
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Marion deputies find meth lab
Marion County deputies said they stumbled upon a methamphetamine lab when trying to serve a search warrant north of Umatilla on Monday.
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East, north Lake roads flooding due to Fay
Tropical Storm Fay continued to wear out its welcome today, dumping rain across Central Florida, including North Lake County.
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Explore rural Altoona during annual trail ride
Horse lovers are invited to a day of family fun at the annual trail ride for Horses Helping Hospice at Rocking Horse Stables in Altoona on Oct.
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Budget tight? Try KidCare health insurance
As the new school year approaches, the Lake County Health Department advises parents to apply for KidCare health insurance for their children.
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Lucille Carroll
Age: 68. Family: Husband, James; three children; two grandchildren; and two great-grandchildren. Where I live and for how long: Altoona for 51 years.
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Lake County community notes
Lakeview Terrace Retirement Community, County Road 42 in Altoona, will host a meet-the-candidate session at 1:30 p.m. Aug.
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Lake names official historian
Lake County Commissioners approved a resolution Tuesday, naming Diane Kamp the county historian.
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Lake County man accused of killing construction...
Prosecutors say a Lake County man accused of killing a construction supervisor in a roadside dispute three years ago is now competent to stand trial.
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Storms could bring heavy winds, lightning
Strong storms are moving into Central Florida, particularly Lake and west Orange counties, forecasters said.
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Road projects result in closings along 2 highways
Two road projects will close busy Lake County highways beginning this week. The Florida Department of Transportation on Tuesday will begin resurfacing at the intersection of U.S. Highway 441 and State Road 44, ...
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Father, son face off in child-sex case
"I'll go to my grave saying I didn't do anything to him or any boy or man" Until this week, Louis Ray Holley hadn't seen his only son for nearly 20 years. The elder Holley may have wished their reunion had been put off for 20 more. via El Sentinel
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for Barber, it's 'a Way of Life'
"We had a large high-school business, but it's not so big anymore" Bob's Barber Shop -- with its traditional American red-white-and-blue striped barber's pole out front -- has served customers with haircuts and shaves since 1948. via The Orlando Sentinel
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Lake County events
The second annual Miss Umatilla Scholarship Pageant was held April 19 at the Umatilla High School auditorium, with 26 students participating. via The Orlando Sentinel
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Veterans to get nursing home, cemetery
"While in command of a detachment of four men, he charged and routed 40 entrenched insurgents, inflicting on them heavy loss." Hammett L. Bowen Jr.Considered Marion County's only Medal of Honor recipient, Bowen joined the Army in Jacksonville. via The Florida Times Union
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Concert to aid health clinic that offers free care in Lake
"We need to solve the problem of the underinsured and the uninsured, and this is one way to solve it" Five years ago, Betty Thomas was at a crossroads with her medical treatments. With no health insurance and diagnosed with a heart condition, the costs of ongoing tests and prescriptions were practically ... via The Orlando Sentinel
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Bikers get 850 warnings
"Our goal was to be highly visible" Lake County deputies issued more than 850 warnings to motorcycle riders during the 10-day Bike Week that officially ended March 9, according to agency figures. via The Orlando Sentinel
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Lake County Police Log
Following are some of the incidents recently reported to area police agencies and the Lake County Sheriff's Office. via The Orlando Sentinel
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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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