Sterling, 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
| Sterling, Massachusetts News |
Class Reunions
Bartlett High School Class of 1989: Is planning a 20-year reunion next year. Anyone interested in helping, e-mail Julie Vinton at gjvinton@charter.net . Class of 1973: A 35-year reunion is scheduled for Nov.
|
Greyhounds = great pets
Stoddard Melhado was intrigued with greyhounds from the moment he encountered the breed.
|
Fire chief seeking $165,000 ambulance
Voters will consider 21 warrant articles at a special town meeting tonight, including a request from the fire chief for funding to lease-to-purchase a new ambulance for approximately $165,000. The new vehicle ...
|
Sterling
EXTENSION GROUP: will meet Thursday, Nov. 13, at 9 a.m. at St. Richard's Church, Bridge Street, Sterling, in the Church Hall.
|
Parks and Recreation
Adult Co-Ed Pick-Up Volleyball: Tuesdays, from 6:30 to 9:30 p.m. $10 a session. Men's Pick-Up Basketball: Wednesdays, from 6:30 to 9:30 p.m. $10 a session.
|
Sterling Light Department sponsors seminars
The Sterling Municipal Light Department continues its local community outreach in the form of free educational seminars for its customers.
|
Voters flocked to the polls to choose president, reps.
"It was a long day. It was steady with lines in the morning as people made the mad rush.
|
E. Shirley Besnia
E. Shirley Besnia, 90, was taken into the arms of her Lord and Savior Jesus Christ on Sunday, Nov.
|
Economic slowdown threatens WHEAT's turkey give-away
As part of a fundraiser for WHEAT, employees at the Clinton branch of Leominster Credit Union dressed up for Halloween on Friday, in addition to collecting donations at the branch office.
|
Regional digest
Man gets probation in shovel case LEOMINSTER -- Charges were continued without a finding for six months yesterday for a Sterling man accused of hitting his mother and father using a shovel.
|
Hundreds participate in Leominster bone marrow drive
Hundreds of people came out to the Southeast Elementary School to take part in Sunday's bone marrow drive.
|
Bicyclist treated and released after accident
An accident on Route 110 early Wednesday evening is under investigation. According to Sterling Police Chief Gary Chamberland, at about 6 p.m., a Toyota SUV operated by James Figueroa, 46, of Holden, struck a ...
|
Item Appeal strapped for cash
The Item Appeal has reached in and found its pockets empty. Donations have dropped, even as requests for help has risen and, for the second time this year, The Item appeal will have to suspend allocations until ...
|
Sen. Dianne Wilkerson arrested by FBI on corruption charges
Massachusetts state Senator Diane Wilkerson has been arrested by the FBI on public corruption charges.
|
Sterling lawyer accused of DUI cleared in bench trial
A local lawyer who was arrested in March and accused of driving under the influence of alcohol and other charges was acquitted at a bench trial yesterday in Fitchburg District Court.
|
Two women remain hospitalized after accident
Two women are still hospitalized following Friday's double-fatal car accident, according to police.
|
50 years of adventures
They've arrived from as far away as Switzerland and France and as close by as Holden.
|
Trashers coach gets probation in trash probe
The former coach of the Danbury Trashers hockey team has been sentenced to five years of probation for intentionally violating his league's salary cap.
|
Sterling
FORUMS: On Question 3, which would ban dog racing in the commonwealth, will be held at 7 p.m., on Monday, Oct.
|
Responding to the call of duty
John McAuliffe, security specialist/safety officer for the Disaster Medical Assistant Team of the National Disaster Medical System talks outside of the Leominster Public Library about the work he s done after ...
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...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.
|
|