Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

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.

Local divorce buyout directory for FL :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
La Crosse Lake Helen Largo Lochloosa
Labelle Lake Mary Laurel Long Key
Lacoochee Lake Monroe Laurel Hill Longboat Key
Lady Lake Lake Panasoffkee Lawtey Longwood
Lake Alfred Lake Placid Lecanto Lorida
Lake Butler Lake Wales Lee Loughman
Lake City Lake Worth Leesburg Lowell
Lake Como Lakeland Lehigh Acres Loxahatchee
Lake Geneva Lamont Lithia Lulu
Lake Hamilton Lanark Village Live Oak Lutz
Lake Harbor Land O Lakes Lloyd Lynn Haven

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Florida News
Bush raises $2 million in Florida, South Carolina

President Bush worked to allay fears about the financial crisis on Friday then left the White House and headed south to raise nearly $2 million for the Republican Party in South Carolina and the battleground ...


Fla. Disaster Registrations Slow; Outreach Continues

Six weeks after Tropical Storm Fay swamped portions of the state with record rainfalls, recovery officials reported a decline in new registrations and applicant visits to Disaster Recovery Centers on Friday.


Tornado Hits Panhandle

A tornado has blown out windows and knocked down trees and power lines near a state park in the Florida Panhandle.


Gay Orlando Film Festival brings queer films to Central Florida

The Gay Orlando Film Festival, Oct. 25 and 26, is a project of the Enzian Theater and Kangagirl Productions, run by Margaret Nolan The 6th Annual Gay Orlando Film Festival will play the Maitland's Enzian ...


Obama puts fight for Fla. in forefront

The move signals that Obama apparently expects to be highly competitive in the Nov.


Florida judge says mom of missing 3-year-old can access evidence from car, forensic tests

The mother of a missing 3-year-old Florida girl will have access to her car and forensic tests completed by authorities trying to figure out what happened to the child, a judge ruled Friday.


Mystery illness killing local horses

State veterinary officials say a mystery illness has killed nearly 100 horses at one farm in Central Florida.


Fla. improves technology to track probationers

Until recently, when Florida probation officers went out to check on sex offenders wearing ankle bracelets, they had to leave an important tool in the office: the monitoring software that tracks the offenders.


Qatar Parachutist Lands On DeLand Roof During Training

Officials say a member of Qatar's army was injured when he landed on a roof during parachute training in Central Florida.


Seminole Tribe donation to help gambling addicts

With a $300,000 donation from the Seminole Tribe, gambling addicts across Florida can receive free treatment for their problem.


Florida Economy

Floridians can still get home loans despite the national credit crunch. That's the word from banking officials who met with Governor Charlie Crist.


Attorney: Fla. girl's mom prepared 'for the worst'

The lawyer for the mother of a missing Florida girl won't say whether he expects her to be indicted on homicide charges.


Just What Florida Needs: More And Bigger Roaches

How would you like to find a 3-inch-long hissing roach in your home? Researchers at the University of Florida are betting you won't but are worried you may step on one sooner than later.


Undecideds hold fate of Amendment 2

The marriage amendment on November's ballot could pass even though it now has less than the 60 percent required for approval, a Mason-Dixon poll shows.


59 Florida counties eligible for "Fay" disaster assistance

Disaster assistance from Tropical Storm Fay is being made available to agriculture producers in 59 of Florida's 67 counties, the state announced today.


Silver Alerts Will Help Find Missing Seniors

A new statewide Silver Alert program is designed to help find missing seniors with cognitive disabilities such as Alzheimer's disease.


Palin on the attack in Florida

Sarah Palin is turning up the heat on Barack Obama. Palin will be in Jacksonville this morning, and the campaign is clearly getting nastier in their attacks.


Florida Improves Sex Offender Tracking Technology

Department of Corrections officials are now using laptops to track sex offenders out on probation, a system officials hope will be more efficient.


Officials launch Web site for teen driver safety

The Florida Department of Highway Safety and Motor Vehicles has launched a Web site for teen driver safety.


Wife Of Cop Killer's Victim Wants Him Executed

A Lake County cop killer is appealing his death sentence to the Florida Supreme Court, but the victim's wife says he should be shown no mercy.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)