Belchertown, 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
| Belchertown, Massachusetts News |
Belchertown man arrested at home after police chase
A man was arrested outside his home Thursday afternoon after a police chase that started in Granby.
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Belchertown seeks repair projects to use surplus funds from school roof borrowing
By JOHN APPLETON jappleton@repub.com BELCHERTOWN - The Chestnut Hill School roof replacement project was completed for $118,000 less than the amount the town borrowed for the work, so town officials are now ...
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Ancient bowl given to Pelham Historical Society
Pelham town archivist Robert Keyes holds a fragment of a donated bowl, above and left, thought to be 3,000 years old.
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Wilbraham delays filling 5 posts in anticipation of state budget cuts
By SUZANNE McLAUGHLIN smclaughlin@repub.com WILBRAHAM - Selectmen in Wilbraham are debating whether to fill priority employee vacancies or wait to see whether the governor imposes any more cuts to the state ...
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Toll hike in the bank, State could guzzle higher gas tax
There was a referendum question on the ballot - Free the Pike, it was called. It would have abolished the Mass Pike, and the tolls, and the auto-excise tax, and replaced the lost revenues by raising the ...
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Granby man, 50, pleads innocent to rape charge
By SANDY CONSTANTINE sconstantine@repub.com BELCHERTOWN - A Granby man pleaded innocent in Eastern Hampshire District Court to charges of indecent assault and battery on a person 14 or older and rape in ...
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Town pays homage to recent veterans: Belchertown raises memorial for new era
Senior Airman Heidi Boshek, left and Tech. Sgt. David Demers Sr., right, fold the flag during a ceremony to dedicate the new Middle East War Memorial on the Belchertown Town Common, Tuesday.
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Alleged rapist arrested in Belchertown
A Granby rape suspect in his 40's had a not guilty plea entered for him in East Hampshire County District Court in Belchertown late Monday afternoon.
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Veterans Day Closures
Veterans Day is next Tuesday and in Massachusetts the police chiefs get to decide when retail stores will be allowed to open.
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Prop. 2 1/2 Questions Approved & Denied Across MA
Nov 5, 2008 12:30 pm US/Eastern Prop. 2 1/2 Questions Approved & Denied Across MA Several voters across Massachusetts voted on Proposition 2 1/2 questions in their town, in addition to the three main ballot ...
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Ballot's other issues: preservation act, Belchertown project
In addition to state questions on the ballot Tuesday, several communities will decide local matters.
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Police Report: Police reports from Amherst and area towns.
On Oct. 24 at 8:13 p.m. during a traffic stop at the corner of North Pleasant and Amity streets, Lauren N. Ciardiello, 19, of Walpole, was arrested on charges of failure to stay within marked lanes, speeding, ...
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Belchertown voters get say on Clapp Library project
By JOHN APPLETON jappleton@repub.com BELCHERTOWN - Plans to expand and renovate Clapp Memorial Library will undergo a major test during the Nov.
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Style dominates runway at 'Girls Just Wanna Have Fun' show
Katie L. Yvon, of Belchertown, models a fall ensemble at Chez Josef in Agawam on Thursday night at The Republican's Girls Just Wanna Have Fun Fall Fashion Show.
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Photo: Praise for new judge's legal commitment
Gov. Deval Patrick stopped by Town Hall Thursday with one message for local leaders: Don't panic.
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Police Report: Police reports from Amherst and area towns.
Police are investigating. * Owen M. White, 25, of West Tisbury, was arrested Monday at 12:53 a.m. on North Pleasant Street on charges of operating a motor vehicle while under the influence of alcohol and ...
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Maureen Walsh sworn in as district court judge in Belchertown
By NANCY H. GONTER ngonter@repub.com BELCHERTOWN - Long before she was named a district court judge, Maureen E. Walsh told U.S. District Court Judge Michael A. Ponsor what to do and he made the mistake of ...
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Police: Lego employee sold company toys on eBay
Enfield police say a 46-year-old Lego Systems employee is charged with buying toys from the company on her corporate credit cards, then reselling them and pocketing the profits.
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Wildlife official warns residents to beware of bears following visit to Ware bird feeders
Steven G. Kiel shows the claw marks from a bear on bird feeders with others knocked down and metal poles bent from bear feedings in the backyard of his Gwen Circle home.
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Workers say Amherst College not doing enough to help people who will...
This is a 3:11 p.m. update of a story posted at 1:13 this afternoon. By DIANE LEDERMAN dlederman@repub.com AMHERST - As the Lord Jeffery Inn gets ready to close for expansion, some who work there are feeling ...
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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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