Monticello, 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
| Monticello, Florida News |
Weather delays Democrat home delivery in some areas
Home delivery of the Democrat in Taylor County including Perry and other routes the region in Lamont, Wacissa and Monticello may not be complete until late this morning.
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Roy Strickland: Paper, peanuts and memories of a Democrat carrier
In the summer of 1937, Robert Jordan, circulation manager for the Daily Democrat, gave me my first real job.
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Honor our veterans, and especially 'Boots'
Every Veterans Day in Monticello, we remember the men and women of all wars who proudly served America.
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Tuesday's editorial: Honor veterans and their sacrifices
Ernest Ivy Thomas Jr. was a 20-year-old U.S. Marine Corps platoon sergeant when he led a successful infantry assault against a heavily fortified, fanatically defended Japanese position on Iwo Jima on Feb.
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Best Bets
MUSIC: There's music in the sandy Florida dirt, songs in the scrub glades and tunes that rise and ebb like the tides.
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New Monticello Visitor's Center Opens Saturday--First 2,000 Visitors Get Cookies and T-Shirts
The new Thomas Jefferson Visitor Center and Smith Education Center opens its doors to the public starting 11:00 am on Saturday, November 8 at Monticello.
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NFCC recognizes student leaders during SGA inauguration
North Florida Community College honored members of its Student Government Association Oct.
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Hot Tickets
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Marie Smith is new centurion
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Wilbert Brown, historic body shop owner, dies
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'House on Haunted Hill'
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Hunter safety course offered in Jefferson County
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Meet your food maker
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Teal Magnolias golf tourney raises awareness of ovarian cancer
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Here's what's happening this weekend
Laissez les bon temps roulez at the Bourbon Street Boogalee for Zoobilee 2008 from 7 to 10 p.m. today at the Tallahassee Museum, 3945 Museum Drive.
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Capital murder trial to begin Monday
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The Sauce Boss
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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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