Hudson, 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
| Hudson, Massachusetts News |
Cruisers recalled
When local police departments started getting the new Dodge Charger cruisers earlier this year, they talked about their speed and efficiency.
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A check for checks
The town treasurer has issued a notice that four people or companies have not picked up or cashed checks issued to them by the town, and they may be running out of time.
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William Coughlin Sr.
William F. 'Bill' Coughlin Sr., 65, of 390 Green St., died Sunday, Nov. 9, in his home, after an illness.
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The bus stops here
Town officials and representatives of the Sawyer Hill EcoVillage development have ironed out their differences on where to place a bus stop for children living in the 68-unit housing project.
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Plain and fancy compete
Cat fanciers! Your big day is coming up. Felines of every shape, color, size and type and are likely to be on hand Sunday at the Joint Cats Fanciers' Association All Breed Cat Show in Hudson.
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Ex-Intel worker charged with $1B IP theft
Prosecutors Wednesday charged a Worcester man with stealing trade secrets worth more than $1 billion.
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Tweeter shutting down
Home electronics retailer Tweeter Opco LLC has notified the state it is closing its Canton headquarters as part of a "permanent entire company closing." The company's letter received Monday by the Massachusetts ...
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Some towns still swear by hand-counting the ballots
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Firefighter files sex bias suit
A local firefighter has filed a sex discrimination complaint against the city and the City Council with the Massachusetts Commission Against Discrimination.
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Bolton
MEET SONNY PARENTE: Sonny Parente, candidate for the Third Middlesex District, including the Towns of Stow, Bolton, Hudson, and Maynard, will meet with voters on Saturday, Oct.
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Neighbor to Neighbor
Barbara Cantwell , of the financial services firm Edward Jones in Northboro, has achieved the professional designation of accredited asset management specialist .Cantwell successfully completed the AAMS ...
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Leading Financial Institution Realizes Significant Cost Savia
NEW YORK, NY, October 23 / MARKET WIRE/ -- VIRTERA, a leading virtualization professional services and consulting firm specializing in maximizing virtualization ROI, announced today that Avidia Bank has ...
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Pakistani singer Alamgir needs your help
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MK goes - Ultra;' Singer/songwriter O'Neil gives fans less songs, same sound with new EP
On her sophomore record "1-800-Bankrupt," singer/songwriter Marykate O'Neil chronicled a relationship from its beginning to end.
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Patron helps detain robbery suspect at Hudson restaurant
A 21-year-old Nashua man is facing robbery charges after he allegedly stole money from the Nan King Restaurant Monday only to flee as far as the parking lot where he was cornered by two men.
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ACT to Commence Corinth Layoffs
4, according to published reports. About two weeks ago, the company closed its Hudson, MA, factories.
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Weekly Topix - Financial Advisors
"We don't speculate with our clients' money"says Wayne Ushman of Assabet Advisors a fully independent SEC Registered Investment Adviser in Northboro. "For our high net worth clients, we use asset allocation supported by passive management strategies to build customized investment plans fitting the individual's risk profile and financial goals." If there was ever a time in our history to confirm the benefits of a goal-focused, asset allocation approach to investing it is today with daily triple digit swings in the Dow.
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Startup claims short-range gigabit wireless at 60-GHz
Radiospire Networks Inc. has claimed to have demonstrated wireless data transmission at 1.6-Gbit per second using a carrier at 60-GHz. The company used a silicon-germanium millimeter wave radio supplied by IBM ...
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ACT Electronics workers prepare for layoffs
Layoffs could begin as early as December 4 at ACT Electronics Incorporated in Corinth.
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Educator's heart just isn't in retiring
Like many of his peers who have retired, former Westboro School Superintendent Stephen P. Dlott just can't seem to sit back and enjoy his golden years.
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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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