|
|
Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
|
|
|
Cobalt, CT Divorce Buyout in Connecticut
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 Connecticut, 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 CT
| Cobalt, Connecticut News |
Haddam: Progress? At What Price?
Returning east from Middletown on Route 66 as I approach the Cobalt [traffic] light, the predictable long queue at that intersection, particularly at peak hours, can be a welcome respite simply because it is an ...
|
Farmington Artist Creates Distinctive Crystalline Porcelain Pottery
Anne Melvin has a mirror opposite her pottery wheel, not because she's vain but so she can better watch the outline of each porcelain vessel as it forms. When a piece comes off the wheel to dry, Melvin scans the lines and proportions in the matte-white clay. If it's not just right, she breaks it up with a hammer. After a vase or pot is glazed and fired in the kiln, Melvin scrutinizes the now-glistening curves, along with the colors and crystal blossoms that are her signature. Even then, when a finished piece is sitting pretty on a shelf, Melvin sometimes sees just the slightest problem. She says her husband, Paul, tells her she takes the self-criticism too far, that she should just be quiet about whispery flaws no one else will see.
|
Community Events
Tag sale planned at United Methodist Church The Watertown United Methodist Church will be holding their annual flea market and tag sale from 9 a.m. to 3 p.m. Saturday, June 7 on the front lawn of the parsonage.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...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.
|
|
|
|
|
|
© 2006 Somerset Investors Corp. All rights reserved. |