West Mystic, 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
| West Mystic, Connecticut News |
Man arrested in blaze at controversial Mystic house
Police on Wednesday charged a probationary volunteer firefighter with arson in last month's fire that destroyed a Library Street house that was already in the center of controversy.
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Probationary Firefighter Charged With Mystic Arson
Police today charged a probationary firefighter with arson in the fire that destroyed a house on 23 Library Lane in Mystic late last month.
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Groton Fires Close in Time, Location
The two fires under investigation by Town Police occurred within about 2 miles of each other and around 2 hours apart early Tuesday morning.
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Regional Chamber Urges Residents To 'buy Local'
The Chamber of Commerce of Eastern Connecticut will launch of a "Buy Local. Shop Chamber" campaign Tuesday dedicated to keeping dollars in the region by promoting local spending. via The Day
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Local Magicians Gather For Some Tricky Business
"The nice thing about this is you don't do anything except count to 10" Bruce Kalver, president of the Society of American Magicians, performs a trick at the annual meeting of the local chapter of S.A.M. in Norwich. via The Day
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Promise of the Young
"By your ways, lead us who seek the light in which You dwell." Most Reverend Michael R. Cote, D.D., Bishop of Norwich oversees the Diocese of Norwich, consisting of 78 parishes in eastern Connecticut. via The Day
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Motorists Feel A Pump Ache
"Just about everything we buy comes from them ... and (rising diesel) also translates to higher heating oil prices" Gasoline Hits $3.48 Per Gallon Another day. Another record. Gasoline prices across Connecticut hit record highs on Tuesday, rising to $3.48 a gallon compared to about $3 a gallon a year ago. via The Day
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Victims In Straub Case, Again Victimized In Bankruptcy
"This was a unique case in many ways. It involved the intersection of the state costs of incarcerating a prisoner, federal bankruptcy laws, an employee's pension rights and victims of a crime." As former state probation officer Richard Straub was led out of the Danielson courthouse in shackles, headed to jail for 15 years, many of the men he had molested when they were his teenage clients thought they finally would be rid of the sexual predator who had changed their lives forever. But the man who had forced them to have sex in his office wasn't through with them yet. About a year after he went to prison in August 2000, Straub filed for bankruptcy and in the process publicly identified several of his victims as potential creditors. Read more
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Mohican Memories
It'iIt's the nearest thing to a skyscraper in New London. The 11-story Mohican Hotel at the corner of State and Meridian streets has been a city landmark for more than a century. via The Day
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Youth Arrested After Several Reports He Had Made Threats
"Allegations were made by numerous witnesses that the accused in the case had made several specific statement of an alarming nature. Some of which involved violent acts" A 15-year-old boy was arrested at East Lyme High School Wednesday morning after several people reported that the boy was making threatening statements. via The Day
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Report shows ridership up on state trains
Ridership on Connecticut's rails continued to climb in the first two months of this year, building upon big gains in 2007. via Connecticut Post
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Arrest Made In November Gas Station Robbery
A New London teenager was arrested Friday for his part in an armed robbery at a Chaplin Mobil Mart in November. via The Day
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15 Years Of Medical Breakthroughs And Philosophical Changes
"We have had to write grants in order to maintain care and we haven't been able to keep up" Ask Dr. Joseph Gadbaw Jr., chief of infectious disease at Lawrence & Memorial Hospital, about the biggest change in the treatment of HIV and AIDS in the last 15 years, and he will say "protease inhibitors" and ... via The Day
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St. Bernard girls sweep singles, top NL
Bernard High School swept the four singles matches and defeated New London, 4-3, in a season-opening Eastern Connecticut Conference Small Division girls' tennis match Wednesday. via The Day
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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 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.
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