Acushnet, 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
| Acushnet, Massachusetts News |
Restructured Acushnet EMS/Fire departments working well in tandem, says fire chief
The town's restructured Emergency Medical Services division is showing it can "chew gum, walk and juggle" at the same time, Fire Chief and EMS Director Kevin Gallagher said.
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It's OK to have a career as an artist.
For the fourth consecutive year, a dozen high school artists have benefited from mentoring by professional SouthCoast artists, from Westport to Marion.
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Acushnet to build ball plant in Asia
By ADAM SCHUPAK Senior Writer After more than 75 years of manufacturing golf balls in the U.S., the Acushnet Co.
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Looking back, looking ahead
Two Acushnet teenagers were charged this week with breaking into a Randall Street residence and stealing a gun and ammunition on Tuesday.
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New Bedford teen charged in stabbing after Acushnet party
A New Bedford teen was arraigned today in district court for allegedly slashing a man outside an Acushnet residence late last night following a house party down the street.
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Acushnet library group to hold book sale
If you are searching for a top-shelf book, the Friends of the Acushnet Public Library will hold a book sale during the Apple Peach Festival, from 9 a.m. to 1 p.m. Sept.
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Two teens charged with stealing gun, ammunition from Acushnet home
Two teens have been arrested for allegedly breaking into a Randall Street residence and stealing a firearm and ammunition.
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Dartmouth salaries in line with local peer communities
A town-sponsored salary analysis has found that employees' salaries are comparable with the wages received by workers in similar positions both locally and in other similar communities around the state.
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US firms fighting China's golf fakes
Jason Yao lives a dangerous life for a guy in the golf business. He gets death threats.
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Hail, high winds rip through Southeastern Mass.
Firefighter Eric Arruda was lifting trees off power lines during the storms that ravaged his hometown of Acushnet yesterday when his father called: A tree had fallen through the roof of Arruda's home on Lake ...
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Selectmen push agri-tourism in Acushnet
The head of the Southeastern Massachusetts Convention and Visitors Bureau wants to help the town promote its agrarian heritage and capitalize on the annual harvest to attract more visitors.
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Microburst causes damage in Acushnet
The National Weather Service confirmed Tuesday night that a microburst packing winds up to 100 mph caused damage in Acushnet.
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Acushnet recovers from severe storm
The roar of chain saws echoed across town Wednesday as residents and town employees got to work clearing the debris from the severe storm that crashed through town Tuesday.
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Power lines, trees down in Acushnet
Acushnet police said Tuesday that stormy weather brought down trees and power lines.
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Funnel cloud reported in Acushnet
A short, severe storm battered parts of New Bedford and Acushnet this afternoon, producing heavy rain, hail and a funnel cloud, according to eyewitness reports.
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Joseph P. Arruda
Joseph P. Arruda, aged 76 years, passed away at home after a long illness on Sunday, August 17, 2008.
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Bronze plaque reported stolen from youth soccer club
A bronze plaque honoring the memory of a Mariner Youth Soccer Club president was stolen from the club's fields off Route 6, the current president said Wednesday.
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Acushnet Town Hall switching from oil heat to gas
A $5,000 project to convert the Town Hall's heating system from oil to natural gas is under way.
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Picking blueberries is moving meditation
Need to de-stress? I suggest a couple of hours in a blueberry patch. To me, time spent plucking berries and plunking them into my old tin lard bucket is as good as a relaxing spa massage - and a lot cheaper.
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Bull mastiff banned from Fairhaven after brutal attack
The Board of Selectmen voted Monday to ban a bull mastiff from town after it brutally attacked a 9-pound foxy-poo on a private Fairhaven beach in June.
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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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