Allendale, SC Divorce Buyout in South Carolina
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 South Carolina, 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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| Allendale, South Carolina News |
Charleston, SC
Unemployment in the construction and manufacturing industries dominated a bleak jobs landscape in South Carolina during October, when the jobless rate soared to 8% from 7.3% in September.
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S.C. Jobless Rate Hits 25-Year High
South Carolina's unemployment rate spiked to 8 percent in October, up from 7.3 percent the previous month, according to the S.C. Employment Security Commission.
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Allendale Homeowners Upset about Incomplete Home Repairs
Allendale County has a group of concerned citizens who are trying to help their struggling community, but even though they all say they have the same goals, they don't always agree on things.
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Report: Jobless giving up search for work
Discouraged job-seekers left South Carolinaa s labor force in record numbers in September and were not counted in the montha s unemployment figures, artificially depressing the jobless rate to 7.3% from the ...
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Salley man dies in crash
A 67-year-old Salley man died Sunday morning in a car accident in Allendale County.
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Toys for Tots campaign begins to fill stockings for needy children, families
The Marine Corps Reserves Toys for Tots campaign officially opened on Nov. 1 when officials began accepting letters from children and families.
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Mr. and Mrs. William Thomas Spencer Sr.
Meredith Latitia Montgomery and William Thomas Spencer Sr. were united in marriage Saturday, Oct.
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New Jobs Headed to Barnwell County
One local county is expected to see an economic boost. Tuesday, Barnwell County officials announced that new jobs would be coming to area.
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Jobless rates result of Bush-McCain
I have been keeping tabs on the unemployment rates around the area, and the numbers are jaw-dropping. The unemployment numbers in Bamberg, Barnwell and Orangeburg counties are all about double the national ...
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Allendale Voters Will Choose: Tax Or No Tax?
When voters in Allendale county head to the polls Tuesday, they will decide on a one cent sales tax.
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Big Turnout At Little Offices
Allendale, Barnwell, Bamgerg, SC-- Small offices...are jam packed. Naomi DeFrenn, Barnwell Registration and Elections: "As you can see in our office today, we are experiencing that." Jeanette Ferguson, ...
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Mayor's committee expands disability employment awareness
Although it remains one of only nine active mayor's committees in South Carolina, the Greater Orangeburg Area Mayor's Committee for the Employment of People with Disabilities is poised to move ahead with ...
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Amid high unemployment, job fair expects to attract hundreds seeking work
A job fair at the Prince of Orange Mall will feature about 50 employers. The fair, free and open to the public, will be held from 10 a.m. until 2 p.m. Oct.
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Words flow in debut novel
Columnist breaks out of deadline pressure for 'Swallow Savannah' Sunday, October 26, 2008 Wade Spees Longtime Post and Courier sports columnist Ken Burger has published his first novel, 'Swallow Savannah.' ...
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Doris Johnson Baltus
Doris Johnson Baltus, 92, widow of the late Donald F. Baltus, died Monday, October 20, 2008.
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Disbelief at ouster of Red Cross leader
My mouth literally dropped wide open in disbelief at the ousting of 20-year Greater Edisto Chapter of the American Red Cross Director Cindy Smith as I peered at the headlines of the Oct.
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Jobless rate falls
A man walks along Bay Street in Allendale, where lack of transportation is one of the factors cited in statistics naming Allendale County as having the state's highest unemployment rate.
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Red Cross support here in jeopardy
THE ISSUE: Ouster of longtime Red Cross leader OUR OPINION: Answers needed following surprise action On the very morning that six families were losing their apartments and the contents thereof to fire, the ...
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Around town
Authorities catch man suspected in robbery Richmond County deputies arrested a man after the armed robbery of the Thriftee Foods on Sandbar Ferry Road on Tuesday afternoon.
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Kunda, Rogers wed
Jennifer Lynn Rogers and David Michael Kunda were married Oct. 4, at St. Luke's Chapel on the Medical University of South Carolina campus in Charleston.
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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 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.
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