Apopka, FL Divorce Buyout in Florida
Since 1979 Somerset Mortgage Lenders 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
| Apopka, Florida News |
Police say man on drugs threatened middle school kids
A man is behind bars after authorities say he threatened students at a Central Florida middle school.
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Man fleeing Apopka cops blames cocaine for his behavior
A man who police said was at the end of a cocaine binge threatened students at Wolf Lake Middle School on Thursday and led police on an erratic chase before his arrest on aggravated assault, fleeing and other ...
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Cops in a Box
Red-light runners beware! Starting this week the city of Orlando, with the assistance of cameras monitoring seven intersections, will be issuing civil citations to those who ignore traffic signals.
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Sports fans -- this show's for you
The Villages Sports Card and Collectible Club will have a show and sale from 9 a.m. to 2 p.m. Sept.
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Massive Sinkhole Opens; Fay May Be Cause
A massive sinkhole likely caused by rain from Tropical Storm Fay has opened near Apopka.
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Kids Leadership Camp - Fun Summer Camp Builds Learning and Life Skills
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Missing Orlando girl's mom wanted to give up daughter
The mother of Caylee Anthony wanted to give her unborn daughter up for adoption, according to documents released on Monday.
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Suspects Arrested In Rash Of Apopka Car Burglaries
No car in an Apopka neighborhood was safe from a gang of serial burglars. They stole watches, computers, cash and guns out of dozens of cars.
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Pic: Ranger Pushes SR-414 Project Toward an Early Completion
Keeping road construction projects on schedule is a challenge in any location. But in Florida during the summer, when its "Sunshine State" motto packs up and heads out on vacation, daily downpours can wash away ...
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Pizza driver feeling burned by dip in tips
During his first two years on the job, Tim Hattan would roll up curbside, ring the doorbell and swap a steaming pizza with the works for cash or credit.
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Candidates for Lake County Water Authority can at least agree on their goal
The candidates running for two seats on the Lake County Water Authority have varied experiences, but they share one goal: All say they want to clean up the county's waterways, and they want to get the public ...
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Apopka woman's 2,700-mile trek on foot finds shared gratitude for troops across the land
It only took 2 1/2 months, 14 pairs of sneakers and a pair of blistered feet for Keela Carr to learn that Americans from coast to coast share her unvarnished support of U.S. troops.
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Death penalty sought for 2 men
Seminole County prosecutors have decided to seek the death penalty against two men charged with killing children in their care.
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Rainforest satisfies its crowd all day
A busted taillight kept me around the Altamonte Springs/bordering on Apopka side of town last weekend.
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State House District 19
The Democratic primary for state House District 19 between state Sen. Gary Siplin and Maurice Woodard has turned into a bizarre but costly advertising war between powerful Tallahassee interests, with each side ...
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Teen Killed In Apopka SUV Crash
An early Friday morning crash has devastated three families and scores of friends and loved ones.
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Tampa, St. Petersburg, Clearwater
Three roaming Rottweilers attacked a 69-year-old woman, mauling her so badly she had to undergo surgery.
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Halvorsen debuts 10 tenants at Ocoee center
Halvorsen Holdings Inc. unveiled 10 new tenants at its 65,500-square-foot Fountains West shopping center in Ocoee.
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Precautionary Boil Water Advisory for the Seminole County Lynwood Water Treatment Area
Seminole County, Fla., August 8,2008-A precautionary boil water advisory was issued Friday, August 8, 2008 at 10:40 a.m. Prime Construction broke a 1" curb stop on an 8" water main located at McNeil Road and ...
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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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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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