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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Graysville, GA Divorce Buyout in Georgia
Since 1979 Somerset Investors Corp. 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
| Graysville, Georgia News |
Education
Catoosa enrollment numbers up; schools to undergo standard accreditation review next week Denia Reese An official number of how many students are currently enrolled in Catoosa County Public schools was ...
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Johnson named Catoosa County Teacher of the Year
From left: Jane Everett, Melvin Edwards, Denia Reese, teacher of the year Shelley Johnson, Don Dycus and David Moeller.
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A family fights back
Craig Fuqua enjoys a Saturday morning at East Ridge High School with his family, while watching his youngest son play football.
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SPLOST and Catoosa, how different would the county be without it
Where would Catoosa County be without SPLOST ? Since 1994, when the very first SPLOST started rolling in, $97,606,992 in pennies flowed through the coffers of the county and the two cities for capital ...
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Catoosa County's primaries results
UPDATED at 9:52 p.m. This is an up-to-the minute tally of votes for local contested races in todays primaries in Catoosa County.
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Voting in Catoosa tomorrow
The July 15 Republican and Democrat ballots will be filled with candidates seeking to secure the nomination of their party to face any opposition that exists in November.
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Questionnaire: Catoosa County Commissioners District 3 candidate Bud Shadwick
Questionnaire: Catoosa County Commissioners District 3 candidate Bud Shadwick
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Questionnaire: Catoosa County Commission chairman candidate candidate Lynn Long
Questionnaire: Catoosa County Commission chairman candidate candidate Lynn Long
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Northwest Georgia Bank Supports Junior Achievement
Julie Raikes, a financial services representative at Northwest Georgia Bank's East Ridge branch, teaches basic banking and finance principles to Ridgeland High School seniors Summer Sweeney and Hilary Chandler.
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Preserving Graysville cemetery
Another spring has come to Graysville, and it is time for us to focus again on keeping our towns cemetery look-ing good. via Catoosa County News
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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