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Aptos, CA Divorce Buyout in California

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 California, 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.

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Aptos, California News
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Who can afford a personal concierge? Great front-page article about Karissa Paxton, the personal concierge.


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Of the dozens of performances and exhibitions I've been fortunate enough to cover for KQED during the past year, several stand out as events I don't think I'll ever forget.


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As You See It: Dec. 26, 2008

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The Aptos History Corner

Brought to you by the Aptos History Museum The Aptos History Museum has a lovely collection of "antique" Christmas Cards on display.


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Scotts Valley wants shot at federal funds for new library

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Aptos' Frear places in top 15 at Muir Beach Trail Run 50k

Paul Frear of Aptos took 13th place in the Muir Beach Trail Run 50-kilometer race Saturday, held in the Golden Gate National Recreation Area in Marin.


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Santa Cruz County Updates

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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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