Ashburn, 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
| Ashburn, Georgia News |
Police reports for August 19, 2008
Jose Benito Aguiler, 18, 1474 Old Doerun Road, Moultrie, was charged Sunday with DUI, reckless driving and violating restricting of a driver's license.
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Fabulous First Friday tonight
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City of Ashburn saves money with propane
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Latest SouthView
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Burglars hit South Georgia storage units
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Camp Eunice in Roberta Georgia Ministering to Children and Teens Since 1975
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Superior court judge Gary McCorvey not running for re-election
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Police reports for June 3, 2008
Isabel Acosta-Hernandez, 27, 1432 Central Ave., Lot 6, was charged Sunday with a child restraint violation, failure to maintain lane and driving without a license.
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Man wanted in shooting of another in Ashburn
The Ashburn Police Department is hoping tips from people in the community will lead to the arrest soon of a man wanted for the May 6 shooting of another man.
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Inmate returned to jail after alleged escape
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Police reports for May 17, 2008
An Atlanta woman has been charged with second-degree homicide by vehicle, a misdemeanor, and failure to maintain lane after an investigation into the death of a Moultrie woman following a November wreck.
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Child molester gets life plus 40 years
"From the child's first outcry, her story remained consistent" Melissa Wood, forensic interviewer with the Patticake House, believes a recent conviction and sentencing of a child molester was a first. via Tifton Gazette
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Austin Scott hopes to continue as Republican representative of House District 153
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Tifton police officer shot
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Police reports for April 24, 2008
Antwan Demond Akins, 17, 310 Old Omega Road, was charged Tuesday with a probation violation, simple battery and third-degree arson. via Tifton Gazette
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Police reports for April 22, 2008
Buck Brannen Bizzell Jr., 33, 40 Sara Circle, Enigma, was charged Sunday with a probation violation. via Tifton Gazette
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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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