Ashburnham, MA Divorce Buyout in Massachusetts
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 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
| Ashburnham, Massachusetts News |
Ash-West officials campaign for override
The Ashburnham-Westminster Regional School Committee asked Ashburnham voters Wednesday to "take the time to learn the facts" and support the Proposition 2 1/2 override, to be voted Dec.
|
Board makes it official, kills proposed sale of Watatic land
Town officials have dropped the only alternative presented to prevent layoffs if the Proposition 2-1/2 override fails in the Dec.1 special election.
|
Tight vote axes transfer of land parcel at Ashburnham Special Town Meeting
An article at Thursday's Special Town Meeting that would have transferred custody of a parcel of town-owned land to the Board of Selectmen failed after the town moderator had initially declared it passed.
|
Ashburnham official: Assessed home values typically about 20 percent less than market
Board of Assessors Chairman Richard Coswell said a recent assessment of the town's taxable property value won't yield significant changes for the average taxpayer.
|
Former Phillips student named king of Bhutan
Where in the world is Bhutan? Bhutan is a tiny, remote and impoverished country surrounded by China, India, Bangladesh and Nepal.
|
Exhibit showcases mix of Indian, European styles
The art of a society says almost as much about it as its history does. Works produced by a culture reflect the society's trends and are often times a direct reaction to some of its most important historical ...
|
Green: Shirley saving energy with 4-day workweek
Who wouldn't want a three-day weekend every week? Many town employees will get just that this winter as Shirley, like a number of other communities across the Commonwealth, tries to find creative ways to save ...
|
Ashburnham, Westminster leaders squabble via e-mail over three-way meeting proposal
Town leaders in Ashburnham and Westminster spent Thursday arguing via e-mail on whether to hold a tri-board meeting sometime before the second of two Special Town Meetings in Ashburnham on Dec.
|
Rice easily wins re-election to House
State Rep. Robert L. Rice Jr., D-Gardner, coasted to a third term last night after defeating unenrolled candidate Carolyn A. Kamuda by a nearly 3-to-1 margin.
|
Woman arrested after being found in homeowner's car
The Ashby police have charged Jessica Goguen, 40, of 15 Westminster Street, Ashburnham, with breaking and entering into a house and a motor vehicle and larceny over $250. On Sunday, Oct.
|
Ashburnham administrator: Deadline too tight for land sale
Town Administrator Kevin Paicos has bad news for town officials. Paicos called selling town-owned land on Lake Watatic to help balance the town budget "a long-shot." The town administrator had been confident in ...
|
Pen pals in touch after 50 years
It would be like reclaiming part of your youth. The story began during World War II.
|
Ashburnham official: Sell land to make up for budget shortfall
Selectman Jonathan Dennehy provided the latest in a recent string of ideas to fix the town's budget crisis when he suggested selling a plot of town-owned land on Lake Watatic.
|
Regional digest
Two meetings now scheduled ASHBURNHAM -- The town is going to hold two special town meetings, on Nov.
|
Ashburnham officials decide on language for ballot question
The town Board of Selectmen on Wednesday chose wording for an upcoming Proposition 2 1/2 override ballot question that informs voters as to the specific departments their money would support.
|
Ashburnham officially unveils Town Hall
Town and local officials gathered at Jacob H. Fairbanks Memorial Town Hall on Monday for the long-awaited dedication of the building, reopened in late June after year-long renovations.
|
Suspicious fires gut cars in Ashburnham
Police are investigating a series of suspicious car fires set in the neighborhood along Sunset Lake.
|
Heating oil price cuts draw homeowners
H omeowners are taking advantage of suddenly lower heating-oil prices to top off their tanks.
|
Officials dispute Ash-West's funding calculations
Town leaders' response to Tuesday's Ash-West Regional School Committee meeting proved mostly favorable, but officials raised some question as to how school leaders arrived at figures showing a decrease in ...
|
Info sought on ambulance revenues
A committee that's exploring the feasibility of the Fire Department staffing its own ambulance heard a presentation yesterday from a woman whose company collects bills for neighboring departments.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|