Assonet, 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
| Assonet, Massachusetts News |
A joyful noise resounds from Glory Land Parsons Band
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Historical Society open house planned
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Freetown voters must register by Wednesday
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Booths available for Freetown craft fair, yard sale
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Firewood prices are heating up
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Heaberlin-McGarvey
Heather Heaberlin and Michael McGarvey were united in marriage on June 20, 2008 in Battle Creek.
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Assonet library to stay open "" for now
Assonet's Hathaway Library will remain open, at least until January, the Library Board of Trustees has decided.
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Business newsmakers
Judy Crosby, owner of the independent bookstore Island Books, is launching a local version of the national program Indie Bound to inform people about the importance of shopping locally and the value of locally ...
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Business newsmakers
Judy Crosby, owner of the independent bookstore Island Books, is launching a local version of the national program Indie Bound to inform people about the importance of shopping locally and the value of locally ...
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Jack Spillane: Freetown isn't alone in its bind
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Freetown schools deal with fallout from override's defeat
Following the rejection of a nearly half-million-dollar override item by voters Monday, Freetown Elementary Principal Robert L. Frizelle spent this morning calling staff members to tell them they are out of a ...
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Health aide accused of ripping off teen
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Special Olympics brings program to Assonet school
Enmanuel Vilario shook his hands vigorously in anticipation of the soccer ball kick.
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Peace pole dedicated at Memorial Park
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Freetown gathers to celebrate 325 faithful years
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Freetown fireworks show is tonight
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Freetown Finance Committee fans flier flap
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Health newsmakers
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Freetown urged to maintain library certification
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Frances A. Lamontagne, 92
Frances A. LaMontagne born June 4, 1915, died May 31, 2008. Daughter of the late Dr.
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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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