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Albany, GA Divorce Buyout in Georgia
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Georgia, 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 GA
| Albany, Georgia News |
Grocer attacked for can of Spaghetti-O's
A South Albany grocery store manager was back at work Wednesday morning, after being cut on the neck during a bizarre robbery attempt Tuesday afternoon.
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Albany man gets life sentence for murder
An Albany man was sentenced to life in prison for a 1999 murder. 28 year old Courtney Jackson pleaded guilty Wednesday to shooting and killing Raymond Smith during a robbery in April 1999.
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North Carolina fugitive caught in Georgia
A member of the U.S. Military sought on sex-related offenses in North Carolina has turned himself in to Albany police.
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Eloquence is No Substitute for A Record of Achievement
Playing his former party's spoiler, the former Democrat-turned-Independent Presidential hopeful called John McCain "the best choice to lead the country forward" in his prime-time address to the Republican National Convention...
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Obama Offers a Beautifully Packaged Lie.
There was a fair bit of talk about Bill Clinton's speech Wednesday night to the Democratic convention, and Peggy Noonan even went so far as to declare that " The Master Has Arrived ." But she is wrong.
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Truck driver hits train in south Georgia
It's rare, but it happens. No one was hurt when a truck hauling lumber collided with a moving freight train in south Georgia.
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New Orleans family in Albany waiting out Gustav
One New Orleans family that survived Hurricane Katrina three years ago did not want to risk it this time around.
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No Vacancy at Albany hotels this weekend
Many Albany hotels have been booked solid this weekend from the influx coming in from Gulf Coast evacuations.
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Armed robbery on busy Albany street
A robbery in the middle of the day, on a major Albany roadway had three young men running for their lives.
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Thieves hit Albany apartment complexes
Burglaries have kept Albany Police busy this weekend with several of those happening in apartment complexes.
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Albany Civil Rights groups mark the anniversary of the March on Washington.
On the day that the first African-American candidate of a major political party gave his historic nomination acceptance speech, a small group of Albany citizens gathered Thursday morning to commemorate the 45th ...
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Albany church help those in need
A South Albany church lent a helping hand to the community Saturday. Ebenezer Christian Center on South Madison Street opened its doors to give away clothing and food to those who needed it.
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Arsonist tries to burn down Sherwood Baptist Church
The attempt comes after Sherwood premiered its third movie "Fireproof" in Atlanta Friday night.
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Police: Two Fazzini Brothers Beat Man
Published: Wednesday, September 26, 2007 at 6:04 a.m. Last Modified: Wednesday, September 26, 2007 at 6:13 a.m. Two Fazzini brothers are in jail after police say they beat and pistol-whipped a man so severely that he suffered severe brain injury ...
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Albany Police investigate death
Albany police are investigating the death of a man in Northwest Albany. Officers arrived at 2013 Doncaster Drive around 11:30 a.m. Friday to perform a personal welfare check on 47-year old Mark Luke, who hadn't ...
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Gustav spikes gas prices in Albany and elsewhere
Gustav sent gas prices in Albany up as much as 10 cents overnight. Gas prices have consistently dropped for seven weeks straight, making a gallon of gasoline the cheapest it's been in four months.
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Albany hotels touted
The Albany Area Chamber of Commerce and the Lee County Chamber of Commerce joined together Thursday to officially welcome the new Country Inn & Suites in northwest Albany.
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COMBOS Nation RV visits Albany
Mars, Incorporated in Albany got a visit from an RV that's traveling the nation.
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Rain from Fay help to quench GA's drought
Despite all that damage, there could be a benefit from Fay's rain. It all but wiped out our rain deficit and could help end Georgia's drought.
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Burned out car linked to Lee County burglary
Police hope a burned car found in a flooded East Albany field will lead them to a burglar.
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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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