Brimfield, 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
| Brimfield, Massachusetts News |
Groups helping food pantries
Some area agencies, organizations and businesses seeking donations or having events to benefit food pantries * Brimfield Ninth annual Thanksgiving Basket Food Drive, sponsored by the Brimfield PTO, will ...
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Vendors bristle at charges for fleas
Several flea market operators are taking issue with the Board of Selectmen's stand on charging them emergency services fees, which raise $150,000 for the town.
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Aging Templeton church faces $200,000 repair bill
Parishioners attending services at First Church of Templeton Sunday found themselves faced with what is a growing problem for aging and historic parishes in the state and New England.
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Trail advocates raise hopes for connected 80-mile ride
The Grand Trunk Trailblazers have macaroni pieces, but want spaghetti. The nonprofit organization, a group of 50 to 60 trail advocates, has a goal of establishing a continuous 60- to 80-mile, 15-town trail from ...
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Voters reject field upgrade
It may have been a moot point, but voters Monday night added their two cents worth, following the lead of Brimfield in scuttling the Tantasqua Regional School District's request to borrow up to $2 million to ...
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Stop sign move to deter crashes
Brimfield Highway Superintendent Robert L. Hanna has joined the chorus of people opposed to a stop sign on the Brookfield-Brimfield Road near the Rogers Farm, at Southbridge Road.
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Brimfield Notebook
Patty L. Perry 245-3506 *Residents are encouraged to stop by and show support for the library .
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Some towns still swear by hand-counting the ballots
So often it has been said that every vote counts. But votes don't count themselves, a fact that is especially meaningful to election officials in those towns that still lack modern voting machines and rely on ...
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3 towns may hire assessor
Officials from Holland, Wales and Brimfield talked Tuesday about hiring a full-time assessor to assess and revalue property in all three towns.
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Pollution suit yields millions to 17 towns
We didn't think we were going to get anything, but we stayed on board and all of a sudden we're going to get some money.
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School boards agree it's no on Question 1
The Tantasqua Regional and the Sturbridge school committees are in agreement that 'No' is the way to go on Question 1. Last week, both school committees independently voted against the Nov.
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Center pleased with new space
The Kennedy-Donovan Center South Central Early Intervention Program is celebrating its new home.
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3-man full-time force wants a union
Brookfield police are again trying to form a union. Selectmen Tuesday discussed a petition they received on behalf of the three full-time officers in the Police Department.
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Science may one day identify a killer
When Holly Kristin Piirainen vanished from Sturbridge in 1993 there were no Amber Alerts, but in the days after Aug.
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Second town OKs turf
Sturbridge selectmen last night unanimously supported Tantasqua Regional School District's plan to borrow up to $2 million to resurface three or four athletic fields with artificial turf.
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Monson pupils welcome 'grand-friends' to school with open arms
Florence J. Lobik, of Holyoke, reads with her grandson Nathan Collins, 7, who is in the second grade at Quarry Hill Community School.
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Search continues in Idaho forest for missing man
Searchers combing a remote area of northeast Idaho for missing retired Massachusetts State Police Capt.
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Brimfield lets voters have say on artificial turf
A special town meeting will be held at Nov. 6 to vote on whether the town supports installing artificial turf at four athletic fields in the Tantasqua Regional School District at a cost of $2 million.
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A grad returns
When the state's nearly 1 million students started school this season, so did close to 71,000 teachers, many of them for the first time.
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Holland Notebook
Patty L. Perry 245-3506 *The Fire Department will hold the first Safety Day for children and adults from 1 to 4 p.m. Sunday at the Senior Center, Brimfield Road.
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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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