Fruitland Park, 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
| Fruitland Park, Florida News |
Kenneth D. Edwards could face DUI charge in crash that killed toddler
An unlicensed driver jailed for leaving the scene of a fatal crash that left a toddler dead could face an added charge of DUI manslaughter after traces of cocaine were discovered in his blood.
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Veterans Day events
Patriotic songs, airplane flyovers, a parade, flag ceremonies and honor-guard presentations are just a few of the events planned in conjunction with Veterans Day .
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Veterans Day services, events and closings
Lake *Reception: The Friends of the Fruitland Park Library will have a reception honoring veterans from 2 to 4 p.m. Tuesday, 205 W. Berckman St.
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Leesburg trail plans on table
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Area residents discuss change after Obam ...
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Leesburg yoga studio stretches bodies, minds
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Anyone's better than Obama It is very clear that the Democrats and...
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Staff Writer Fruitland Park -- a 24-year-old man was stunned by...
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Kickoff Relay Rally at VHS starts planning process for Relay For Life 2009
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Best bets for Lake County
The Friends of the Marion Baysinger Memorial Library will sponsor an antiques-appraisal fair from 10 a.m. to 3 p.m. Saturday at the Puryear Building, 243 S. Lake Ave., Groveland.
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Man charged with having sex with minor
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Survey: Retail theft skyrockets
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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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Hobbies
Wednesday Fruitland Park Mahjong Players, 12:30 to 3:30 p.m. at Fruitland Park Public Library, 205 W. Berckman St.
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Water use is hot topic at $250-a-person summit in Orlando ...
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Northwest spotlight: Tami Dillon
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Free Elder Expo: To your health
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Great Day coming to Leesburg church
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ZENN and the art of pollution-free driving -- what's required of LSVs
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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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