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Hyannis, 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
| Hyannis, Massachusetts News |
Pearl Harbor attack remembered tomorrow
The battleship USS Arizona belches smoke as it topples over into the sea during a Japanese surprise attack on Pearl Harbor, Hawaii, in a Dec.
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Dog rescued from Hyannis crash scene
The truck split a telephone pole in half before coming to rest in the woods. The dog could not be removed from the vehicle until the arching power lines overhead were inspected by NStar.
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Cape Cod Chapter of the ABWA Organizes Clothing Drive in Hyannis to Benefit Scholarships
The Cape Cod Chapter of the American Business Women's Association is organizing a clothing drive to benefit its Scholarship fund.
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Don't deny voters the option to elect their chief administrator
What song would the soulful duo of Ray Charles and Norah Jones sing if they were sitting at a meeting of the current Barnstable Charter Commission? Most likely it would be "Here We Go Again." This is the second ...
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U.S. Supreme Court hears Hyannis case
An alleged case of sex discrimination that stemmed from an incident on a Hyannis West Elementary School bus eight years ago was before the nation's highest court this morning.
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Civic leaders strike accord on downtown disruption issue
State Sen. Rob O'Leary convened a meeting of political, business, and human service leaders last week that led to greater cooperation in making the experience of downtown Hyannis satisfactory for all.
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Clean Energy Program Announced - First Scheduled to Begin 12/4 in Hyannis
Cape & Islands Self-Reliance Corporation is pleased to announce that the Cape Cod Economic Development Council of Barnstable County has been awarded a Workforce Competitiveness Trust Fund grant from the state.
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Town Notes: Blanchards plans short move
According to a legal notice in the Nov. 21 Barnstable Patriot, the Hyannis Blanchards liquor store on Route 28 will appear before the licensing authority on Dec.
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Black Friday shoppers tout their bargains
Shoppers were out in force early this morning, seeking big discounts at major retailers.
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Mindless, yes, but 'Transporter' entertains
Rating: PG-13 Where: Entertainment Cinemas in South Dennis; Heritage Theaters in Sandwich; Regal Cinemas in Hyannis and Mashpee "Transporter 3" is not going to earn anyone an invite into Mensa.
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Hyannis East students get 'Wet and Wild'
FLUSHED AWAY AmeriCorps volunteer Jaclyn Hochreiter watches as Hyannis East student Caylee DeBarros makes her way out of an interactive "toilet" during Wet and Wild Day at the school on Nov.
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Vets give thanks for new Hyannis clinic
On the eve of Thanksgiving, local veterans gathered yesterday at the new Hyannis veterans clinic for a long-awaited show of thanks.
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Thank you, Mary
The news of Mary LeClair's retirement from the Barnstable County Commissioners did not sit well with Sheriff Jim Cummings.
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The most unusual gift you've ever received?
Sure, sweaters and toys are nice. But it's the unexpected gifts - wonderful or bizarre - that you still remember years later.
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What a fascinating shot - of an intriguing subject.
Cape Cod through the photographer's lens. Adrene Jewelers Dedicated to providing you with the highest quality Cape Cod and nautical style jewelry at the lowest prices possible.
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Fire truck driver to be arraigned Dec. 23
A volunteer firefighter who faces criminal motor vehicle charges stemming from the wreck of a ladder truck earlier this month will be arraigned on Dec.
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Oily bedfellows - The Allinace's new CEO is an oil industry
What do YOU think about these stories? You can add your thoughts on this story by leaving a comment below.
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Arrivederci to Abbicci
After 20 years in business, upscale Mediterranean bistro Abbicci has closed it doors for the foreseeable future - and, perhaps, for good.
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The Civic Center - Hyannis
Bring the family to Bismore Park and Enjoy the Festivities Associated with the Annual Harbor Lighting and Boat Parade -- Saturday, Dec.
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Town Notes:Fire districts to hold tax classification hearings
The Barnstable Town Council voted to maintain Barnstable tax policies for fiscal year 2009 at its Nov.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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