Helen, 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
| Helen, Georgia News |
Local officials trying to revive Cleveland by-pass
DOT District Engineer Russell McMurry, left, discusses alternate routes with County Commission Chairman Chris Nonnemaker, center, and Cleveland Mayor Dr.
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Helen fire chief in ICU after tree falls on him
Helen Fire Chief Bert Smith and his wife, Kimberly, earlier this year. White County News Helen Fire Chief Bert Smith remained hospitalized in stable condition Wednesday morning, Nov.
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Best Bets
Caffeine for the Soul, with Lyric League and Cedar Shoals High School Concert Choir, Tonight at 7:30, Seney-Stovall Auditorium on Milledge Avenue Best Bets Athens Banner-Herald Story updated at 10:47 pm on ...
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Helen seeks blessing from Cleveland, county to increase hotel/motel tax
White County News The City of Helen is looking to increase its hotel/motel tax from five to eight percent by the middle of next year, potentially generating an extra $300,000 for the Alpine Village.
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Trial underway for Helen murder suspect
White County News The man accused in a fatal stabbing outside a Helen bar in January went on trial at the White County Courthouse earlier this week.
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Final Trail Mail
Please feel free to send Ben and Rick a congratulatory letter or note via the final trail mail stop in Helen, Georgia.
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Post offices to hold county-wide food drive
White County Food Pantry board member Mike Caruso shows the pantry's empty refrigerator.
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Wynnbrook Baptist gets new pastor
The Rev. Kevin Calhoun has accepted a call from Wynnbrook Baptist Church as chief administrative officer.
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White County businesses to talk - big-box' strategy
The conventional wisdom is that when Wal-Mart or any other "big-box" retailer moves into town, local businesses shrivel up and die.
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Helen starts season with village lighting
The alpine village of Helen will kick off the holiday tourism season with the Annual Lighting of the Village at 6 p.m. Nov.
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A Fall Ride
I rode right through a red light yesterday. Actually, I rode through several red lights, as did about forty other motorcyclists and drivers of a dozen cars.
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Halloween events plentiful this weekend
White County News As always, White County and the surrounding area has a lot going on this Halloween.
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Environmental negotiator will tackle a water warsa
Twenty years, at least that many lawsuits and intervention from multiple governors and the President of the United States haven't solved the "tri-state water wars" among Georgia, Alabama and Florida.
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Free and Cheap / Oktoberfest
Trimmed in gingerbread and drenched in hefeweizen, the village of Helen is famous for hosting the world's longest Oktoberfest.
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County considers site for proposed fire station
White County News The White County Board of Commissioners discussed where to locate a proposed new fire station during a commission work session on Monday.
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White County ballot questions include alcohol, zoning
Story: Voters line up a week early. White County ballot questions Question 1: Shall a continuation of a special one percent sales and use tax be imposed in White County for a period not to exceed five calendar ...
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Few sparks fly at candidate forum
White County News The White County Chamber of Commerce Eggs and Issues candidate forum was a rather tame event.
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Metro Atlanta may wake up to frost
Freezing temperatures should make their fall debut overnight as far south as Helen, right on schedule.
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Buisnessman contests sign citations issued at Helen event
White County News A South Carolina businessman is threatening legal action against the City of Helen for what he says were unwarranted sign violation citations issued during a recent event in the city.
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Freeze warning for mountain areas
There is a freeze warning in effect until 9:00 this morning for parts of northeast Georgia and with it the coldest weather of the season.
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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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