Barnstable, 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
| Barnstable, Massachusetts News |
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Barnstable sheriff giving up control of farm
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Public hearing set on updated regional policy plan
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Comedy Club's The Fantasticks is moving and amusing
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Commission plan streamlines development rules
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Cape Light Compact set to hold hearings
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Town Notes: Veteran's Day Parade Tuesday
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This Just In...
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Rights commission seeks applicants
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This Just In
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Write to Know
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Barnstable District Court
AVILES, John P., 46, 614 Phinney's Lane, Centerville; guilty plea to operating a motor vehicle while under the influence of alcohol for the second time Aug.
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Barnstable District Court
CRANE, Sadie, 32, 9 Pennstar Lane, Yarmouth; possession of a sawed-off shotgun, possession of shotgun ammunition, possession of a firearm without firearm identification card, carrying a firearm without a ...
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Taking art out for a spin
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This Just In
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Barnstable District Court
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Barnstable High School's 'Oz' series earns 'A'
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Yarmouth woman arrested after car accident
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Town Notes
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Defroster suspected as cause of Brewster garage fire
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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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