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Yatesville, 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
| Yatesville, Georgia News |
Yatesville City Council meeting
Items on the agenda included concerns about the current water system, erecting new signage for the community park and re-addressing the paving of Chase Street.
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City Council gathers for first meeting in October
The Council approved unanimously the surplusing of several vehicles that will be up on auction over the internet, an updated and more efficient process replacing the past requirement of having to take surplus ...
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Yatesville Plans 26th Annual Chitlina Hoedown
That's right; it's time for the 26th Annual Chitlin' Hoedown. Every fourth weekend in October, the chitlins' cooked at Yatesville's yearly 'shindig' can be smelled all over central Georgia.
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City and County Approve Community Agenda Draft
The Mayor and City Council and the Upson County Board of County Commissioners met in a joint session on September 8 to consider the draft proposal of the 2007-2027 Community Agenda.
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Lockett Kuntry Cooking
The next time you're passing through Culloden, make sure to stop by Lockett's Kuntry Cooking for Southern favorites like this plate of fried chicken with cream potatoes, yams and cornbread.
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Byron munitions company seeks to have fraud charges dismissed
A Byron company and its chief executive officer charged with defrauding the government have filed a motion to dismiss the case, contending that the government concealed an employee's fraud against the company ...
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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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