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Austell, 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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Levi's Call Issued For 13-Year-Old Girl

Austell police have issued a Levi's Call for a missing 13-year-old girl. Investigators said Brittney Simone Eddy was abducted around 3 p.m. Saturday in the Hotel Street area.


Levi's Call Issued For 13-Year-Old Girl

Austell police have issued a Levi's Call for a missing 13-year-old girl. Investigators said Brittney Simone Eddy was abducted around 3 p.m. Saturday in the Hotel Street area.


Levi's Call Issued For 13-Year-Old Girl

Austell police have issued a Levi's Call for a missing 13-year-old girl. Investigators said Brittney Simone Eddy was abducted around 3 p.m. Saturday in the Hotel Street area.


Levi's Call Issued For 13-Year-Old Girl

Austell police have issued a Levi's Call for a missing 13-year-old girl. Investigators said Brittney Simone Eddy was abducted around 3 p.m. Saturday in the Hotel Street area.


Levi's Call Issued For 13-Year-Old Girl

Austell police have issued a Levi's Call for a missing 13-year-old girl. Investigators said Brittney Simone Eddy was abducted around 3 p.m. Saturday in the Hotel Street area.


Authorities Locate Missing Austell Teen

An Austell teenager who disappeared over the weekend was found Monday night. The Georgia Bureau of Investigation says that Brittney Simone Eddy is safe and sound.


Levi's Call Issued For 13-Year-Old Girl

Austell police have issued a Levi's Call for a missing 13-year-old girl. Investigators said Brittney Simone Eddy was abducted around 3 p.m. Saturday in the Hotel Street area.


Levi's Call Issued For 13-Year-Old Girl

Austell police have issued a Levi's Call for a missing 13-year-old girl. Investigators said Brittney Simone Eddy was abducted around 3 p.m. Saturday in the Hotel Street area.


Levi's Call Issued For Brittney Eddy

The Austell Police Department, along with the GBI have activated a Levi's Call for 13-year-old Brittney Simone Eddy.


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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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