Key West, 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
| Key West, Florida News |
Vietnam Wall replica returns to Key West
In 1975 the final American helicopters left Saigon and the war to contain communism in Southeast Asia officially drew to a close for the United States.
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Sailfish Challenge tourney coming to Key Largo
The 13th annual Key Largo Sailfish Challenge pits anglers against sails Friday through Sunday, Jan.
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Geography of Key West
"Geography of Key West." 30 March 2008. HowStuffWorks.com. 20 November 2008. Key West, Florida, the seat of Monroe County.
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Family Vacations: Key West
"Family Vacations: Key West." 10 May 2007. HowStuffWorks.com. 20 November 2008.
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NTSB Issues Prelim On Partenavia Accident Near GNV
A mission of mercy and personal favor for a pilot's ailing friend ended in tragedy November 7, when a Partenavia P68C crashed during a nighttime approach to Florida's Gainesville Regional Airport in low IFR ...
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Key West City Commission meeting
The Key West City Commission meets tonight. On the agenda is a request to allow construction of a replica of a cigar maker's cottage in the pocket park at 616 Louisa St.; a request to allow the Orchid Key Inn ...
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No one hurt in Key West blaze
Sherri McKeel was just sitting down to work on her computer at her Fourth Street home shortly before noon Monday when she heard someone shouting in the street.
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Foul-mouthed mayor defended Key West's character
Anthony Tarracino, known to one and all as Capt. Tony, spent two years as mayor of Key West, Fla., and 60 years as one of the most colorful characters in an island city full of them.
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Key West's a one-of-a-kind island escape
Sloppy Joe's, landmark watering hole and Hemingway fave in Key West, Fla. Florida Keys TDC If you're looking for a tropical getaway as the weather cools off but don't want to go too far - or out of the country ...
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HOMES: A slice of Key West
Chilly weather may be approaching, but color and memories burn steadily in Gloria Feinstein's Florida-themed sunroom.
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County's top engineer kicked off Key West airport job, firing is possible
The long-delayed Key West International Airport construction project got a new boss Friday in a move signaling an imminent shakeup in senior county management.Monroe County Administrator Roman Gastesi said that ...
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Solon educator passes on lessons
A chance meeting with a legend in Key West, Fla., has led to good things for Brad Manard.
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School evacuated after bomb threat
Marathon High School was evacuated Monday morning after a bomb threat was called into the school.A search of the school by administrators and the Sheriff's Office turned up nothing and students returned to ...
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State officially announces Vandenberg grant
The Florida Governor's Office of Tourism, Trade and Economic Development on Monday issued a letter to Key West Mayor Morgan McPherson saying the state has allocated $1.6 million from the Economic Development ...
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Key West National Wildlife Refuge Turns 100
The Key West National Wildlife Refuge is 100 years old, seemingly as pristine and wild as it was in 1908 when President Theodore Roosevelt made it part of his conservation legacy.
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3 Key Westers die in Gainesville plane crash
The crash of a small plane outside Gainesville before dawn Friday morning took the lives of Capt.
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Key Westers remember Capt. Tony
"Captain Tony embodied the value of whimsy in life and we're going to miss him. To the Conch Republic: The captain has left the ship.
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Plane crash near airport kills 3 people
Workers assisting National Transportation Safety Board investigators prepare to load a part of a wing from a crashed plane beside NE 39th Boulevard on Friday evening.
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DeFrees, Harris win in Key West
In this photo released by the Florida Keys News Bureau, Hard Rock speeds by during the second of three races Friday, Nov.
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Key West lottery ticket worth $80,000
The lucky holder of a Fantasy Five lottery ticket that was sold in Key West has $80,286.69 waiting for him or her.Wednesday, a quick-pick ticket bought at the Atlantic Grocery at 3108 Flagler Ave.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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