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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Sasser, 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
| Sasser, Georgia News |
Rails to Trails dream still alive
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Wal-Mart plans unveiled
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Sasser Flea Market and Antique Mall will be the site of Saturday's concert.
Kinchafoonee Cowboys fans are in luck as the six-man band will be in concert this weekend.
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More of this story
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Smoke fills the air on Memorial Day
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Birth Announcements: Sunday, May 11, 2008
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Co-conspirator in indoor marijuana growing operation pleads guilty
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A large expansion of Albany's civil rights museum is expected to open in October.
"You know when you think about people like Sherrod going out in those counties on those dirt roads" Forty years today since his assassination at a Memphis motel, Albany continues to remember, and to build, in remembrance of the city's most famous visitor, Dr. via The Albany Herald
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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