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Argyle, 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.

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Argyle, Georgia News
Mom writes book about living in South Georgia

"After about 10 years, my husband retired and we moved to Gainesville, Fla., where I have a younger sister. A friend put me in touch with the Gainesville Association for the Creative Arts. The rest is history. They loved the book."

Story updated at 7:47 PM on Wednesday, February 27, 2008 Will Chamberlin's mother, Annette Pickren Chamberlin, grew up in the small town of Argyle, which is located on U.S. Highway 84 in Clinch County near the ... via Athens Banner-Herald


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