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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Refinance
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Acton, MA Divorce Buyout in Massachusetts
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Massachusetts, 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 MA
| Acton, Massachusetts News |
State officials aided 'Playspace Programs'
More than 2,000 homeless children in Massachusetts have the opportunity to play, learn and grow through "Playspace Programs" located in more than 140 homeless shelters throughout the state.
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Area towns on mosquito spraying hit list
Mr. Deschamps said spraying was to begin after sundown and continue until midnight.
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Acton eyes commuter rail parking
The Board of Selectmen and Transportation Advisory Committee are seeking more information before deciding whether to accept the Massachusetts Bay Transportation Authority's offer to build a parking garage at ...
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Solar Collector Could Change Asphalt Roads Into Renewable Energy ...
Anyone who has walked barefoot across a parking lot on a hot summer day knows that blacktop is exceptionally good at soaking up the sun's warmth.
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Benson, Hayes square off at Shirley forum
Jennifer Benson and Kurt Hayes, candidates for state representative in the 37th Middlesex District, took questions about repealing the state income tax and providing college tuition for children of illegal ...
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Cleanup plan for Cobbetts Pond is underway
A water quality study starts this month at Cobbetts Pond, the state's poster child for a pond in peril.
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Carney charged in rapes of girls, 13 and 14
A Maine farm boy working as a carney at the Marshfield Fair is being held on $150,000 cash bail, accused of raping two teenage girls he got phone numbers from and then tracked home from the Family Midway on ...
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Changing the world at Acton School of Business
The entry titled "Changing the world at Acton School of Business." Categories Archives Changing the world at Acton School of Business Sunday, August 17, 2008, 07:13 PM One of the benefits of this job is meeting ...
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New asphalt chemistry holds solar promise
Will Western Massachusetts researchers have us all driving on solar roads soon? Researchers at Worchester Polytechnic Institute in Western Massachusetts say they've found a way to put pavement surfaces to use ...
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Text Messaging Comes to Landlines
If you pick up the phone and hear a computerized voice telling you that it's going to be late for a 2 p.m. meeting today, don't worry -- it's probably just one of your co-workers sending you a text message to ...
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Using Asphalt As An Alternative Energy Source
Anyone who has walked barefoot across a parking lot on a hot summer day knows that blacktop is exceptionally good at soaking up the sun's warmth.
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Regional digest
Man charged with growing marijuana DOUGLAS -- Police arrested a Webster man yesterday after they say he was cultivating marijuana in Douglas State Forest.
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New heat for schools
Three of Acton's elementary schools will have more efficient boilers when school begins in September.
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Bill would lift ban on cash discount for gas
Brandi Taylor of Acton hands Dan Campbell IV cash for a gas purchase at Bursaw Gas and Oil in Acton.
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Regional digest
Two arrested on drug charges LEOMINSTER -- Police arrested a man and a woman and confiscated 31 grams of heroin in the parking lot of the Twin City Mall Wednesday after receiving a tip that the suspects were ...
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Walk this way
The town will begin construction of a sidewalk on Central Street this fall and will continue to identify areas of top priority for new sidewalks, taking into consideration needed easements and funding.
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Four-alarm blaze leaves 12 homeless
Michael Edney was getting ready for bed just after midnight when the flames outside caught his eye.
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Obama hopes you'll spend time at his birthday ba$h in the Hub
The presumptive Democratic nominee will celebrate his 47th birthday at a ritzy State Room fund-raising event Aug.
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Sudbury casts wary eye on Concord housing
Residents and officials in Sudbury remain concerned about a recently approved 350-unit development just across the town border in Concord.
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Time to strike up the band in city tradition
The Leominster Colonial Band's annual summer concerts are ingrained in the city's history, according to Band Conductor Steven Piermarini.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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