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Guyton, 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.

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Guyton, Georgia News
History celebrated at fall festival

Jon Lewis, Tony Dowell, Derrick Lewis and Douglas Hansen fire a 12-pound Mountain Howitzer cannon as part of a demonstration during the Historic Effingham Society's fall festival on Saturday in Springfield.


Guyton out to help 'one of its own'

Guyton's public safety department is holding a fundraiser for "one of their own" during the town's Dec.


Victim Witness makes a call for cell phone drive

Effingham County Victim Witness Assistance Program Inc. announces another special emphasis on a cell phone fundraising program.


Bulldogs cap big early signing class

Georgia's early signing class Bryan Blough, RHP, Newnan Patrick Boling, LHP, Cartersville Malcolm Clappsaddle, RHP, Geneva, Fla.


Garden club donates to Habitat home

The Springfield Garden Club donated Burford hollys for the newest Habitat House at 815 Magnolia St., Guyton.


More players sign

Georgia head baseball coach David Perno announced on Wednesday the signing of four additional prospects to national letters of intent to attend UGA and play for the Bulldogs.


Effingham Faith Matters

Send items by e-mail to brenda. kelley@savannahnow.com . Fax type-written material to the attention of Effingham Now at 826-1293, or mail items to Effingham Now, P.O. Box 2285, Rincon, GA 31326.


Elementary students get lesson in water conservation

Dianna Wedincamp, of the Ogeechee-Canochee Riverkeepers, demonstrates how pollutants enter the water system during the RIPPLE Water Festival at South Effingham Elementary School on Nov.


A busy evening for Guytona s police force

Guyton's new public safety department saw an influx in crime this past weekend. Last Friday around 8 p.m., Guyton police officer Josh Mosely received a call about an armed robbery on the 300 block of Anderson ...


Area death: Kyle Orvilee Lawson

Army veteran Kyle Orvilee Lawson, 62, died Sunday, Nov. 9, 2008, at Effingham County Hospital in Springfield.


MLC practice and parade

Ellie Watson, a student in Joanne Burnsed's class, participates in the costume parade to kick off the book fair and Halloween at Marlow Learning Center.


Faith Matters

Mary Magdalene Orthodox Church, 1625 Fort Howard Road, Rincon, is selling homemade potato and cheese, sauerkraut, prune, cherry and apricot pierogies from 10 a.m.-noon Saturday for $6 a dozen.


Area death: Erika Margaret Ulmer

Erika Ulmer attended East Georgia College and planned to work with special needs children.


Two busted at traffic stop for meth

Effingham County Sheriff's drug investigators and Georgia State Patrol arrested two people Friday who have been charged with manufacturing methamphetamine and possession of methamphetamine.


Area Deaths - Nov. 6

Annette Altman, 72, died, Sunday, Nov. 2, 2008, at Effingham County Hospital. Mrs. Altman was a lifelong resident of Effingham County and a homemaker.


Historic Effinghama s new gift items, the Nov. 22 Effingham fall festival

In these days of inflation with the holidays approaching, it is good to know that Historic Effingham Society has new wares for your shopping needs with the same prices on our gift items as last year.


County's election day agenda light

Effingham County Board of Commissioners will meet at 8:30 a.m. today at 601 N. Laurel St., Springfield.


Casey, Howe join Coldwell Banker team

Stephanie Casey and Alicia Howe have joined Coldwell Banker Intercoastal Realty as full-time sales associates.


Reiser & Reiser CPAs holds ribbon-cutting and open house

Marshall and Jennifer Reiser, managing partners, cut the ribbon Friday in an indoor celebration at the offices of Reiser & Reiser CPA's in downtown Guyton.


Citizens Bank marks 10th year

A steady downpour couldn't dampen the enthusiasm from Citizens Bank of Effingham's staff.


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