Ayer, 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
| Ayer, Massachusetts News |
Harvard plus Devens: What will we look like in 2018?
The Board of Selectmen held a public discussion with a number of town officials about the recently drafted Devens Disposition Success Criteria, which was created by the board based on three scenarios.
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Supts. to draft
The Ayer-Lunenburg-Shirley School District Regionalization Planning Board met with Christine Lynch, from the Massachusetts Department of Elementary and Secondary Education , at the Page Hilltop Elementary ...
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Christy Waters joins Ayer's fourth grade teaching team
Christy Waters has fond memories of some great teachers she had during her years of schooling.
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What cost to Ayer?
At the behest of selectmen, police Chief William Murray has submitted two budgeting scenarios regarding police and fire services for a town of Devens -- one for takeover of service to the entirety of the Devens ...
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Family dog dies in Boston Road blaze
An electrical fire at a home on Boston Road killed a dog and injured a cat last Wednesday, but a greater tragedy was averted when firefighters turned off two exterior propane tanks.
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Ayer man charged in armed robbery
A 40-year-old Ayer man was arrested yesterday afternoon in connection with the armed robbery last month at the Valu Gas station at 419 Grove St., officials said.
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Grants available for Ayer schools
The Ayer Education Foundation has announced its fall 2008 grant cycle, with $10,000 in grant money for educational enrichment projects available in the public schools.
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Chance to influence town's future
Selectmen are calling for residents with a wide range of skills to serve on a nine-member panel to help shape housing, land use, transportation, government, and development issues in town.
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Shirley posting board
TOWN OFFICES CLOSED: Labor Day. Tuesday, Sept. 2 Veterans' Agent: 5:30 p.m. late hours, Shirley Town Offices.
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Ayer posting board
Farmers market: 9 a.m. to 1 p.m., Depot Square, downtown; Weekly farmers market, sponsored by the Ayer Business Alliance.
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VFW honors those who served in full measure
When you see them in the corridors or in the canteen of the Edith Nourse Rogers Memorial Veterans Hospital in Bedford, permanent residents there are quiet and polite, but smiles are few.
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Anderson joins preschool staff
Amanda Anderson grew up in Littleton. To help her pay for college, she took a job working as a special education paraprofessional in the Westford Public Schools.
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FPC cures 'rainy day' blues
The morning of Aug. 6 was reminiscent of the opening of the ever-popular children's book "The Cat in the Hat," which reads: "The sun did not shine.
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Nation's top child anxiety expert to speak at free workshop
The Ayer Education Foundation is thrilled to announce that it will hold a workshop on child anxiety, hosted by Dr.
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Ayer schools announce
Due to the rising costs of food production, the Ayer School Committee has voted to increase the meal prices for their district's 08-09 school year.
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Federal judge mulling motions to dismiss lawsuit in Ayer case
A federal judge is considering motions by Ayer police to dismiss a wrongful-conviction federal lawsuit filed by the sister of Kenneth Waters, who died in a freak accident shortly after being released from ...
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'Official' conservation
The Conservation Commission met to discuss the official conservation restriction that is in the works for the Sandy Pond Estates housing development on Sandy Pond Road, to protect rare turtles.
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Bike Friday gives reporter a chance to try commute
Nancy Shohet West begins her ride with bicycle commuters to Boston City Hall Plaza from Lexington for last month's Bike to Boston Friday.
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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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Ayer posting board
Bingo: 12:30 p.m., Ayer Senior Center. Saturday, Aug. 23 Farmers market: 9 a.m. to 1 p.m., Depot Square, downtown; Weekly farmers market, sponsored by the Ayer Business Alliance.
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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