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Fedhaven, 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
| Fedhaven, Florida News |
Lake Hamilton Public Works Director Offered a Raise
Published: Wednesday, July 30, 2008 at 3:19 p.m. Last Modified: Wednesday, July 30, 2008 at 3:21 p.m. LAKE HAMILTON Public Works Director Jim Yeomans said he would decide by Thursday whether to accept the town ...
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Financial Fitness Friday
"Advice about money is easy to get. Getting good advice about money is a bit more difficult. Learning something about the importance of saving and putting saved money to work is priceless - and, for a few hours today, free as well." T uesday's tax-filing deadline has passed. Maybe a refund will be on its way. Certainly nearly every Polk household will eventually be getting a $600 or $1,200 check from the government as part of the Economic ... via The Ledger
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World War II flying ace fights to get out of Polk jail
A noted World War II flying ace from central Florida will find out next month whether he'll finally get out of jail. via The Orlando Sentinel
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Polk internet beating may have inspired copy-cat crime
Police in Indiana say a group of middle school girls who videotaped the beating of a 12-year-old schoolmate and put it on the Internet may have been inspired by a similar video in Florida. via WTSP-TV Saint Petersburg
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Eligibility Keeps Tightening in Face of Declines
"Until the economy improves and the sales tax money goes back up, I don't see how we can avoid it" Declining sales-tax revenue may force even tighter eligibility guidelines for people seeking medical assistance from the county's Polk HealthCare Plan. via The Ledger
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Polk sheriff's no-nonsense, blunt approach well-received
"When you want to lock criminals up, people are with you and appreciate your tough stances on crime" Polk County residents already know Grady Judd as the no-nonsense sheriff who isn't afraid to tell it like it is and has no qualms about publicly condemning criminals. via WBZL-TV Hollywood
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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 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.
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