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Ozona, 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
| Ozona, Florida News |
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"What we do is we take donations from the public. Somebody's renovating or redecorating their house. We bring these items here. We sell them back to the public, and the monies that we raise go to building houses." St. Petersburg, Florida - Unopened cans of paint, new refrigerators, doors and windows: these are just a few of the things you can find at the ReStore. via Tampabays10.com
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Pinellas School Superintendent Leaving
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Perks cost taxpayers hundreds of thousand of dollars
New Port Richey, Florida- Rising gas prices are squeezing everyone who has to fill up a car. via WTSP-TV Saint Petersburg
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Complaints Preceded FDLE Official's Retirement Plans, Report Says
TAMPA The former second-in-command of the Tampa office of the Florida Department of Law Enforcement, who said in December he planned to retire, was investigated last year after complaints that he ... via Tampa Bay Online
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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