Peachtree City, 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
| Peachtree City, Georgia News |
Time to hang up and drive
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Game-Show Winner Declares Bankruptcy
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Editorial: Cell phone laws shouldn't only target teens
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Suspect in custody for Peachtree City golf cart wreck
One suspect is in custody and another was expected to surrender to police Tuesday, for charges related to a golf cart accident in Peachtree City, said Captain Rosanna Dove of the Peachtree City Police ...
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'Document Hold' Served by OH Attorney to GA SoS in Advance of State's U.S. Senate Run-off Election
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Newnan teen arrested for terroristic threats in Peachtree City
A 19-year-old Newnan man was arrested Saturday in Peachtree City for terroristic threats.
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Measure would ban Ga. teens from calling while driving
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Police gunfire kills Peachtree City man
Coweta County Sheriff's deputies shot and killed a man late Saturday after he allegedly threatened them with a gun.
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Deputies Shoot, Kill Man For Disobeying Orders
Coweta County deputies shot and killed a man Saturday night. After he failed to obey orders to drop his gun.
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Employer group works to help job seekers
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Midstate shelters offer refuge from freezing temperatures
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Early morning storm rips through Bibb County
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VIPs among guest who will honor Sheriff Randall Johnson Saturday
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Teen Critical after Being Run Over by a Golf Cart
Peachtree City Police say a teenage girl is in critical condition at Grady Memorial Hospital after being struck by a golf cart.
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AirTran to begin charging $15 for first checked bag
AirTran Airways said it will start charging passengers $15 for checking a first bag, following competitor Delta Air Lines' similar move last week.
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Saxby Chambliss Seeks Deferment From Runoff - Cites "Bum Knee"
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Girl in critical condition after golf cart accident
A teenager is in critical condition at Grady Memorial Hospital after being run over late Friday night by a golf cart, Peachtree City police said Monday.
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Kimberly Ann Gittings wins Miss Georgia USA
Kimberly Ann Gittings of Lilburn has won the 2009 Miss Georgia USA title. The 20-year-old Gittings accepted her crown from Amanda Kozak, the reigning Miss Georgia USA, during the pageant Saturday night at the ...
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Flight school moving to Newnan-Coweta Airport
Falcon Aviation Academy will be relocating its headquarters from Peachtree City to the Newnan-Coweta Airport, the Coweta County Development Authority announced.
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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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