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Hinsdale, NH Divorce Buyout in New Hampshire

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 New Hampshire, 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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Hinsdale, New Hampshire News
Radioactive water leak found at Vermont Yankee

Entergy nuclear officials say the Vermont Yankee nuclear plant was undergoing a repair Wednesday after a broken valve was leaking radioactive water inside the nuclear plant.


Questions arise in Hinsdale Greyhound Park bankruptcy

The head of the state's Racing and Charitable Gaming Commission is asking the state Attorney General's office to determine whether Hinsdale Greyhound Park broke state laws when it declared bankruptcy last month ...


Rep. Roger Wells: State has little choice but to find new revenue

Now that we are starting the new year and a new legislative session, it is time to make some choices as to where our state is heading financially.


All bets are off in the Bay State

As we head into a new year, the state's financial outlook is worse than it was last New Year's Day, but we're pleased that there is no talk from the governor of reviving a casino gambling proposal as a way to ...


Businesses fear possible tax hikes in '09 legislative session

David Juvet, senior vice president of the Business and Industry Association of New Hampshire, best summed up the stance of many business groups awaiting the start of the 2009 legislative session: 'First, do no ...


Hinsdale fire victim identified

The State Fire Marshal's Office has identified the body of a man found in the rubble of Friday's fatal fire at 53 Brattleboro Road as David Amarosa, 53.


Body found in burned NH home

New Hampshire's fire marshal is investigating the discovery of a body in a house damaged by fire in Hinsdale.


Fire hits Hinsdale home

A tractor-trailer truck southbound on Interstate 89 this morning clipped a state of New Hampshire dump truck that had stopped to assist a motorist in the breakdown lane just south of Exit 2. HINSDALE - Updated, ...


The greatest gift in times of need

Nobody in Hinsdale will forget Linda Johndro, especially a handful of young girls when they open their Christmas gifts later this week.


A Christmas of culture

The holiday season is a special time for many families across the globe. Tables everywhere are overloaded with special recipes and desserts, children's eyes are alight with joy as they open presents and ...


Hinsdale race track declares bankruptcy

Hinsdale Greyhound Park announced that it was shutting it doors and filed for bankruptcy Monday, leaving 49 people out of work, and more than 200 unsecured creditors owed about $1.75 million holding the bag.


NH jobless rate stays low

Unemployment in the state rose a fraction to 4.3 percent in November on a preliminary seasonally adjusted basis, coming in at more than 2 percentage points below the national average of 6.7 percent.


Rockingham Park will push for video slots

Rockingham Park officials are ready to begin a concerted effort to bring video lottery machines to the Salem racetrack.


Courtney Elizabeth Wallace

Dummerston Congregational Church was the setting for the Aug. 2, 2008, marriage of Courtney Elizabeth Wallace, daughter of William and Barbara Wallace of Brattleboro, to Jesse Randal Lynde.


Big Brothers Big Sisters of Western New Hampshire Attend Dept. of Education Conference

The staff from Big Brothers Big Sisters attended a Department of Education Conference grant in San Diego, CA to learn the details of the newly awarded Department of Education grant- Mentoring Partnership.


NH to weigh gambling options

With a measure to ban greyhound racing recently approved by Massachusetts voters, legislation in New Hampshire may be coming to protect simulcast and poker wagering at parks like the one in Seabrook in the ...


With Budget Shortfall Looming, Will Gambling Expand?

New Hampshire lawmakers have routinely rejected allowing video slot machines in the state, agreeing with critics who say it will ruin the state's quality of life.


Cemetery vandalism probe still continues

The Hinsdale Police Department is still investigating the vandalism of 21 headstones and memorials at St.


Public input sought for uses of Pisgah

Officials with the Pisgah State Park Steering Committee are once again seeking public input about the recreational activities within the largest property in New Hampshire's state park system.


New push to end greyhound racing in NH

They hope to win more support for a bill to end live racing at Hinsdale, Seabrook and Belmont dog tracks by letting the tracks continue to simulcast greyhound and horse races from other parts of the country.


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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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