Merrimac, 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
| Merrimac, Massachusetts News |
District Court
NEWBURYPORT: The following cases were recorded at Newburyport District Court on Friday, Nov.
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police logs
The following item was recorded in the Newburyport police log: James Sowick, 21, 115 West Main St., Merrimac, was issued a summons yesterday at 6:55 a.m. on charges of driving without a license.
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Winter parking rules start Monday
City officials are reminding residents that Amesbury's annual winter overnight parking ban begins Monday.
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Sunny weekend in a dreary fall
It's been a short, fast fall! The last of the leaves are being raked and the weather has turned colder.
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Police Logs
The following item was recorded in the Amesbury police log: Eliseu Moraes, 32, 84 Dearwood Drive, Nashua, N.H., was arrested Tuesday at 9:24 p.m. and charged with driving without a license and a lights ...
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Holiday Fairs
Coastal Connections-Petalworks in Salisbury is hosting a craft fair tomorrow from 8 a.m. to 3 p.m. at its offices in Crossroads Plaza, 6 Merrill St.
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Haverhill in a minute: City to collect leaves curbside Saturday
The city is providing full curbside leaf pickup Saturday. Leaves only will be collected in either open containers, such as cardboard boxes or barrels, or biodegradable paper bags.
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Open-door arts; annual tour takes public inside Amesbury's studios
Like many artists, Robert Wiley spends his days in solitary pursuit of his craft within the walls of his studio.
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police logs
The following item was recorded in the Newburyport police log: Robert Dragone, 39, 77 Elm St., Amesbury, was issued a summons yesterday at 1 p.m. for trespassing.
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Ceremonies, parades mark Veterans Day
Tuesday, Nov. 11, is Veterans Day, and the week of Nov. 9 through 15 has been designated as National Veterans Awareness Week.
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district court
NEWBURYPORT: The following cases were recorded at Newburyport District Court on Monday, Nov.
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Local races, ballot questions, at a glance
U.S. Congress - Sixth District John Tierney* Richard Baker State Representative - 4th Essex Brad Hill* Donald Bumiller State Representative - 18th Essex Barbara L'Italien* Lawrence "Lonnie" Brennan State ...
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Health Beat
In recognition of National Alzheimer's Disease Month in November, Atria Merrimack Place in Newburyport is joining organizations across the country in lighting "candles of care" on Thursday, Nov.
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Government at a glance
Sign a contract with Aqualine Utility Inc. for the Mythical Street culvert repair for $43,000 to fix damage from the Mother's Day Flood of 2006.
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Health Beat
Coping with the holiday season can be extremely stressful for those who have lost a loved one.
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Nuke plant siren demonstration tomorrow
Brace yourselves for some noise early tomorrow afternoon. New Hampshire and Massachusetts, along with the Seabrook Station nuclear power plant in Seabrook, N.H., will conduct a demonstration of all 121 of the ...
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District Court
NEWBURYPORT: The following case was recorded at Newburyport District Court on Friday, Oct.
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Siren test likely to frighten animals
Whales jumping from the ocean, chickens piling up and little Fido cowering in the corner are all things locals may see this weekend in their own backyard when Seabrook Station sounds its 121 alarms as part of a ...
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police logs
The following items were recorded in the Amesbury police log: Marco Paulino, 28, and Tracey Paulino, 34, both of 5 Orchard St., Amesbury, were issued summonses yesterday at 3:44 p.m. Marco Paulino was issued a ...
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School board publicly opposes Question 1
The Pentucket School Committee voted in favor of taking a public stand against the passage of Ballot Question 1, an initiative to repeal the state income tax voters will consider on Election Day next month.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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