Astor, 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
| Astor, Florida News |
River's worst yet to come
The St. Johns River could hit Central Florida this week with some of the worst flooding on record.
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Updates on roads, sand bags, schools, etc.
Schools and colleges All schools and colleges are expected to resume normal schedules.
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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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Edwin Romph walks to a friend's home in Astor, Fla., flooded by Tropical Storm Fay on Aug. 21, 2008.
Tropical Storm Fay continued its slow, wet trudge across Florida for a fifth day Friday, prompting communities farther inland and on the state's Gulf coast to brace for what could be drenching rains.
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Astorian Weekend Edition 21.08.08
The Astoria Park Concert Series continues with Gary US Bonds . Show starts at 7:30 p.m. on Thursday, Astoria Park Lawn, Shore Blvd between Hellgate Bridge and the pool.
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Volunteers scoop up trash, history on St. Johns River
As "Captain" Jeff White of Astor piloted his pontoon boat down the St. Johns River near Astor, he pointed out local landmarks to his passengers - such as piles of shells left by Indian tribes and the tip of a ...
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Lake County community notes
The Astor County Library invites residents to meet author John W. Turner from 6 to 7 p.m. Thursday at the library, 54905 Alco Road, Astor.
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New sports center opens in Mount Dora
Facilitators with the Mount Dora Parks and Recreation Department will host opening ceremonies from 10:30 a.m. to noon Saturday for the Frank Brown Sports Complex, 1245 Pine Ave., Mount Dora.
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Golf scramble in Mount Dora will benefit SunriseArc
SunriseArc will host its inaugural golf scramble, "An Afternoon Among Friends," on Friday at the Country Club of Mount Dora.
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River-cleanup help sought
Lake County will participate with Volusia County in the 12th annual St. Johns River Cleanup on June 7. Mike Bowers, Lake County's director of water quality services, will organize the cleanup effort on the Lake ...
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Buy coffee, help kids in need get school supplies
The Give a Kid a Backpack Foundation relies on donations and contributions to fund backpacks and school supplies for children in need.
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Memorial Day services and events
Astor Monday could be a good day for grilling in the backyard, but for many people Memorial Day is a time to pay tribute to the men and women who have died in U.S. military service.
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Is that 'gluten-free'? FDA is working on the answer
Welcome to the eclectic smorgasbord we call the daily dish. Grab a seat at the table; there's plenty of room for everyone. via The Orlando Sentinel
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Of sand traps and people who come to the rescue
"Not to be rude, but you aren't from around here, are you?" I've only been working in Lake County for about 4 1/2 months, so when I go somewhere unfamiliar - a common occurrence - I usually look up directions on MapQuest. via The Orlando Sentinel
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Black Men family picnic set for today
The Coalition of Black Men for Positive Change will have an outdoor family picnic from 11 a.m. to 3 p.m. today at Ferran Park in downtown Eustis. via The Orlando Sentinel
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Get busy with the St. Johns River Cleanup Saturday, June 7
In conjunction with National River Cleanup Week, the 12th annual St. Johns River Cleanup will begin at 8 a.m., Saturday, June 7. Boaters, scouts, civic organizations, environmental groups, businesses and ... via Volusia
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Florida Highway Patrol aircraft helps catch man in carjacked sedan
By Nic Corbett * DEMOCRAT STAFF WRITER * April 25, 2008 A man in a stolen car with a loaded .22-caliber rifle in the back was caught Thursday morning by a Florida Highway Patrol trooper looking for speeders ... via Tallahassee Democrat
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Historian to relate story of Woodlea House
"People just love hearing the story over and over." Local historian Bob Grenier is doing what he can to make sure Tavares' historic Woodlea House, which was destroyed in an arson fire last year, isn't forgotten. via The Orlando Sentinel
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Memorial regatta planned at Wooton
Tavares and the Classic Raceboat Association will host the second annual Bernie and Jane Little Memorial Regatta on Saturday and April 6 at Wooton Park in downtown Tavares on Lake Dora. 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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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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