Middlefield, 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
| Middlefield, Connecticut News |
Community roundup a fun way to collect food
Saturday morning, hundreds of volunteers will canvass Durham, Middlefield and Rockfall, knocking on doors and collecting thousands of non-perishable items for local food banks.
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Middlefield buys Powder Ridge site
The Board of Selectmen voted unanimously Monday night to buy Powder Ridge from Middlefield Holdings LLC for $2.55 million.
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Want to walk off that big meal?: Melissa Pionzio | Greater Middletown / Shoreline
Still feeling the effects of that big meal you consumed yesterday? I know I am, and have plans to get my butt outside for a long walk this weekend.
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Churches join together for Thanksgiving service
Worshippers from five churches in Durham and Middlefield joined together Tuesday evening for a Thanksgiving service at Notre Dame Church on Main Street.
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Discussion on Powder Ridge escalates to screaming match
A discussion about the former Powder Ridge ski area quickly escalated into a screaming match at Tuesday's Board of Selectmen meeting.
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District 13 debt causes conflict among boards
Witholding funding for Regional School District 13's referendum was the topic of a contentious meeting Monday night between the Board of Finance and representatives from the Board of Education.
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Area charity expects extra giving from community
One of the first organizations in the Middletown area to do so this holiday season, the Durham Volunteer Fire Company has kicked off its Toys for Tots drive.
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Boy Scouts show respect to vets in Middlefield
Boy Scout Jason Gribko stood beside his grandfather, Dan Lehet, a Korean War veteran, Tuesday morning and placed a wreath at the base of the flagpole in front of Middlefield's firehouse.
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Inspectors prove man's land is rat free
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Republicans thank Kalinowski for service
Durham and Middlefield Republicans reacted - some strongly - in the days after the election to longtime Durham resident and former first selectman Ray Kalinowski losing his seat in the State House of ...
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Gaffey rolls in 13th District race
State Sen. Thomas P. Gaffey easily won re-election on Tuesday with the biggest margin of his career.
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Students go outside the classroom for hands-on learning
Change is afoot at The Independent Day School. Molds are being broken, boxes are being stepped out of.
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COURTS: Falls man admits to $1.4M scam
A Niagara Falls man has pleaded guilty to running a scam that netted him more than $1.4 million dollars worth of gold ingots and coins and hundreds of thousands of dollars worth of retail gift cards and ...
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To Get Away From It All, Visit Roaring Brook Falls
When I heard the rain gurgling down the downspout a few nights ago, I knew I had to go.
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The Middletown Press - Middlefield native launches fashion line
When Middlefield native Melissa Scianna was a kid, her great-grandmother taught her how to read patterns and sew.
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The Middletown Press - Durham resists bailout of its water co.'s deficit
The Board of Finance discussed the Durham Water Co.'s $26,500 deficit Tuesday. The company, which is owned by the town, is in debt because of testing and repairs over the past several years.
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5th charged in home invasion denies involvement in crimes
The last of five people to be arrested in connection with a home invasion in Middlefield has denied any involvement in or knowledge of the crime, according to court documents made available Monday.
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Powder Ridge on the agenda, no one shows up | The Town Times
In typically stunning fashion, the Town Times office received an email proposal from the former owner of Powder Ridge, Ken Leavitt, with a "tweaked" plan for a way to save the beloved ski area, which has ...
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Justices welcome same-sex marriages
Justices of the peace from throughout the state weighed in on the issue of same-sex marriage Saturday at their annual conference, held at Durham Town Hall.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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