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

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.

Local divorce buyout directory for CT :
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
Madison Marlborough Middlefield Montville
Manchester Mashantucket Middletown Moodus
Mansfield Center Meriden Milford Moosup
Mansfield Depot Middle Haddam Milldale Morris
Marion Middlebury Monroe Mystic

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Connecticut News
Fitch Rates Connecticut's General Obligations 'AA'

Fitch Ratings has assigned an 'AA' rating to $250 million in State of Connecticut general obligation bonds, series 2008C.


Lawmakers push for rail yard audit results

A group of Connecticut lawmakers is pushing for answers on when an audit will be completed to explain the rising costs of upgrading New Haven's rail maintenance center.


Poll: Majority of Conn. Residents Agree With Court's Marriage Ruling

A new poll in Connecticut found that 53% of Connecticut residents support the state's Supreme Court ruling on Friday legalizing same-sex marriage while 42% of those polled disagreed with it, reports the The ...


Two Couples, Two Views of Conn. Decision Granting Marriage Equality

Last week's finding by the Connecticut high court that gay and lesbian families could not be denied marriage equality has brought the prospect of gay and lesbian families being able to wed to a third state.


s still feel diesel pinch

Diesel still costs about 76 cents more per gallon than regular unleaded gasoline.


Conn. monument to be dedicated

The Connecticut Monument at Vicksburg National Park will be formally dedicated Tuesday at the park's Grant's Canal Unit off U.S. Highway 80.


Man sues dog sitter over dog's death

An Oxford dog owner is suing his dog sitter for more than $6,000, claiming she left the prized English bulldog in the hot sun, causing it to die from heat exposure.


Connecticut 3rd state to allow same-sex weddings

The idea that civil unions could be a satisfying but less contentious substitute to gay marriage was knocked down Friday by Connecticut's Supreme Court.


Building Peace of Mind

If not a single house is put on the market in Norwalk from this day forward it will take 10 months to clear the current inventory of available houses, according to state Sen.


High Court Grants Marriage Rights For Same-Sex Couples

The state Supreme Court's 4-3 decision Friday that same-sex couples have the right to marry swept through the state with the force of a cultural tidal wave.


Same-sex couples celebrate right to wed

When Lori Pelletier and her partner, Mary Beth Failla of Middletown, had a ceremony two years ago to celebrate their civil union, they struggled with how to announce themselves before friends and family.


Same-Sex Marriages To Be Legal In Connecticut Later This Month

Connecticut's attorney general says the state Supreme Court ruling legalizing same-sex marriage will take effect on October 28th.


Conn. high court rules same-sex couples can marry

Connecticut's Supreme Court ruled Friday that same-sex couples have the right to marry, making the state the third behind Massachusetts and California to legalize such unions.


Connecticut Looks Into Voter Cards Submitted By ACORN

The State Elections Enforcement Commission is looking into a complaint alleging that a community advocacy group submitted fraudulent voter registration cards in Bridgeport.


Group seeks boost in women's shelter funding

A group fighting domestic violence is asking the General Assembly to provide enough money to let Connecticut's 18 emergency shelters operate around the clock.


State Police Make Arrest in Murder for Hire

On 09/30/2008, the State Police Western District Major Crime Squad received a complaint regarding a threat that was made by the accused in this case who was serving a sentence for child molestation and was ...


Winter heating costs will press families

Despite a drop in energy prices from summer highs, some Connecticut utilities are reporting an increase in the number of customers whose service they have had to shut off, a situation that appears to mirror a ...


Online gaffe: Spokesman posts on Twitter that Conn. congressional campaign is a 'lost cause'

On Sept. 30, a University of Connecticut poll showed Republican Sean Sullivan trailing Democratic U.S. Rep.


Deep pockets abound in Connecticut for presidential candidates

With the White House up for grabs, Connecticut is reprising its bankrolling role on the national political stage.


Connecticut towns grapple with new Web law

TV Online Connecticut towns grapple with new Web law By LARRY SMITH HARTFORD, Conn.


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.
 
"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.
© 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)