Springfield, 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
| Springfield, Georgia News |
Chamber sets annual Day at Capitol
Daytime lobbying and nighttime schmoozing with Georgia's top legislative officials will be on the agenda of a large group of residents who are expected to attend the annual Effingham County Day at the Capitol.
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Springfield woman killed in wreck
A 55-year-old Springfield woman was killed Sunday morning in a single-vehicle accident north of the city.
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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.
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Donations sought for National Guard unit Christmas luncheon
Area residents can show their appreciation to the local National Guard Unit, Alpha Battery, in December by sharing a little bit of Christmas.
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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.
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Exchange Club begins annual Empty Stocking Fund drive
The Exchange Club of Effingham is beginning the annual Empty Stocking Fund drive.
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Faith Matters
Silent Auction, Concert St. Luke's Episcopal Church, 155 Goshen Road, Rincon, will have a silent auction and concert featuring The Premier Quartet gospel singing group on Saturday.
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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.
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Effingham County central registration center now open
The Effingham County School District is embarking upon a new, streamlined process for registering and enrolling new students into the public school system.
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Another Arrest In Effingham School Threats
SPRINGFIELD, Ga. Another teenager has been arrested in a rash of bomb threats at Effingham County High School in southeast Georgia.
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Going for the gold
Cameron Lovett, 5, a student at Blandford Elementary School, shoots a basketball during Friday's Special Olympics at Effingham County High School.
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Family loses mobile home in Tuesday fire
A Tuesday afternoon fire destroyed more than half of a mobile and has displaced its family.
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Area death: Kyle Orvilee Lawson
Army veteran Kyle Orvilee Lawson, 62, died Sunday, Nov. 9, 2008, at Effingham County Hospital in Springfield.
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Springfield family struggles to rebuild after fire
An Effingham County family has lost everything they owned after a fire destroyed their home in Springfield.
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Bridge to be closed for repairs
The bridge at Ash Street and Stillwell Road in Springfield will be closed for repairs from Nov.
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A small step for a better world
Hannah Lockamy and Pat Gnann, students in the self-contained special education class at Effingham County High School, carry bags of paper the class collected as part of their recycling program to be transported ...
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Runoffs needed in two local races
Effingham County candidates and their supporters watch for election results Tuesday at the school board auditorium in Springfield.
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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.
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Veterans Day ceremony planned
Brig. Gen. Lawrence Dudney Effingham County residents are invited to attend a Veterans Day ceremony to recognize the many veterans who are and have served our country in the armed forces.
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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.
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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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