Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

VA Divorce Buyout in Virginia

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 Virginia, 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.

Local bad credit divorce buyout directory for VA :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Hacksneck Hardy Heathsville Horntown
Hadensville Hardyville Henry Horsepen
Hague Harrisonburg Herndon Hot Springs
Halifax Hartfield Highland Springs Howardsville
Hallieford Hartwood Hillsville Huddleston
Hallwood Hayes Hiltons Hudgins
Hamilton Haymarket Hinton Hume
Hampden Sydney Haynesville Hiwassee Huntly
Hampton Haysi Honaker Hurley
Hanover Haywood Hood Hurt
Harborton Head Waters Hopewell Hustle

Return to our bad credit divorce buyout page

Bad Credit? We can help!

Call for COMPLETE details NOW!

(800) 675-9783

Virginia News
Islamic Studies Program Expanding

George Mason University is expanding its Islamic studies program with a $1.5 million grant from a think tank once raided as part of a federal terrorism investigation.


Second economic stimulus could help Virginia roads

If the federal government comes up with an economic-stimulus package for the nation's transportation infrastructure, Virginia will be ready to take advantage of it.


NOVA Contractor Charged with Murder in Afghanistan

A defense contractor who provided personal security to Afghan and Iraqi leaders has been charged with killing an Afghan civilian.


Va. officials seek to delay carrier base in Fla.

Virginia officials are asking the Navy to delay its plan to base a nuclear-powered aircraft carrier in Florida until President-elect Obama takes office.


Education board won't seek more money for standards

The Virginia Board of Education has decided not to ask for additional funding for the Standards of Quality, state-mandated minimum educational objectives for public schools.


Third GOP Runner for AG Spot

Arlington lawyer Dave Foster has entered the Republican Party's three-way sweepstakes for the 2009 attorney general race.


Cantor named Republican whip in U.S. House

Rep. Eric Cantor became the No. 2 Republican in the U.S. House Wednesday, winning an uncontested election as party whip.


Navy Carrier Potential Move Controversial

The Virginian-Pilot reported that the Navy's preference to base a nuclear-powered aircraft carrier at Mayport Naval Station reignited the political rivalry between Florida and Virginia for Navy ships, sailors ...


Bengal tiger bites young worker at Virginia zoo

A 16-year-old employee of a small Virginia zoo is recovering after a tiger bit her when she tried to pet it.


Va. Budget Shortfall Worsens

In dismaying detail, legislative budget writers got their fullest look Tuesday at a darkening fiscal crisis that will soon force them to cut government priorities once held harmless.


V-DOT suggests early Thanksgiving travel

The Virginia Department of Transportation has some advice for motorists traveling during the Thanksgiving holiday - leave early.


Dona t bet on swearing-in tickets

Talk about political long shots. Tens of thousands of Virginians are asking congressional offices for tickets to President-elect Barack Obama's presidential inauguration on Jan.


Virginiaa s Attorney General unveils new anti-gang video

In a continuing effort to educate Virginians about the threat posed by gangs, Attorney General Bob McDonnell introduced a powerful new video today.


Murdered LDS missionary trial begins

The trial of a Virginia man accused of killing one Mormon missionary and wounding another in 2006 is under way in Chesapeake.


Virginia Tech to Become Kids' Tech, Too

Virginia Tech is launching a program to introduce children to scientific research in a university setting.


DC-area police launch safety initiative

Police in the District of Columbia, suburban Maryland and northern Virginia on Monday launched "Street Smart," a weeklong campaign aimed at getting pedestrians, bicyclists and motorists to follow traffic laws.


Virginia Museum of Natural History names 1st curator emeritus

The Virginia Museum of Natural History has named retired curator Lauck "Buck" Ward as its first curator emeritus.


Rural localities stretch dollars: As economy falters, they trim everything from lights to patrols

Richmond Times-Dispatch, Va. Middle Nov. 16--Facing a haggard economy, rural governments across the state are reaching deep into their bag of tricks to find ways -- sometimes novel ones -- to save dollars.


Intense gubernatorial race under way

Now that the dust is settling on this year's election, candidates running in next year's Virginia governor's race are prepping for an intense statewide race.


Get ready NOW for winter

Virginia is overdue for a major statewide winter storm, and citizens should get ready now for the upcoming snow and ice season.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)