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Divorce Buyouts
Debt Consolidation
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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.
Return to divorce buyout in the state of GA
| Austell, Georgia News |
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Cherokee County deputies cracked the case of the Kentucky Fried Chicken robbery in six hours Monday - determining it was an inside job.
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Garrett Middle to honor longtime custodian
Esmer Daniel says he'll leave his custodian job at Garrett Middle School when they carry him out feet first.
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Do-it-yourselfers refuse to wait for electric cars
Larry Horsley loves that he doesn't buy much gas, even though he drives his '95 Chevy S-10 back and forth to work each day.
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Community News
A ballot recount by county election officials Tuesday confirmed Jessie Goree's 11-vote victory over Charles Davis in last week's runoff to the Clayton County school board.
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Have a Coke, and see the zoo
Here's a sampling of what Atlanta has to offer. Attractions Stone Mountain Park .
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SSU's Jones signs 10 players
Savannah State University volleyball head coach Malik Jones has signed 10 players, including six from the metro Atlanta area.
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Great American Bargain Book Show gets rave reviews
Booksellers attending the Great American Bargain Book Show at Atlanta's Cobb Galleria Centre on Aug.
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Habitat chapter builds on mission
As Habitat for Humanity volunteers pound out the last few homes at Hillcrest East in Cobb County, the local affiliate is gearing up for its next campaign.
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31 Days, 31 Ways to Save
Feeding the family is getting costlier than ever, with the price of a fill-up on milk rivaling a fill-up on gasoline, and eggs so expensive we can't afford to throw them at our political rivals.
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Austell teen abducted; GBI seeks leads
The Georgia Bureau of Investigation has issued a Levi's Call for an Austell teenager who was abducted Friday.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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Religion, politics shape black views on gay issues
State Rep. Alisha Morgan voted against Georgia's ban on same-sex marriage in 2004, along with dozens of black lawmakers who felt the measure was discriminatory.
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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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