Aberdeen, MD Divorce Buyout in Maryland
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Maryland, 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 MD
| Aberdeen, Maryland News |
Aberdeen Police Investigate Robbery & Kidnapping
Aug 28, 2008 11:19 am US/Eastern Reporting Mike Hellgren ABERDEEN, Md. Aberdeen Police are investigating a robbery and kidnapping at Ripken Stadium.
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Harford Schools Brace For Expansion
Harford County Schools Superintendent Jacqueline Haas talks about the new school year, starting with the number of schools who being classes today.
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Woman Wounded In Aberdeen Shooting
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Woman Shot in Aberdeen Sunday Morning
The Harford County Sheriff's office is investigating the shooting of an Aberdeen woman Sunday morning.
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Aberdeen freshmen have their day
As kids head back to school tomorrow, freshmen at Aberdeen High School may find the first day a little less daunting.
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Boy in day care bitten by pit bull
An 18-month-old boy was seriously injured when he was bitten by a pit bull yesterday, soon after he arrived at the home of an Aberdeen day care provider, police said.
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Pit Bull Bites Baby In Harford County
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Toddler Released From Hospital After Dog Attack
Aug 19, 2008 9:20 pm US/Eastern Reporting Mike Hellgren ABERDEEN, Md. A little boy has been released from the hospital after a pit bull tore apart his scalp.
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Toddler Attacked By Pit Bull
Aberdeen police are investigating a city day care provider after a pit bull attacked an 18-month-old boy Monday morning.
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Toddler Attacked By Pit Bull Outside Day Care
An 18-month-old boy suffered a serious head injury when he was attacked by a pit bull outside a day care Monday morning.
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Harford History
On Aug. 18, 1907, Aberdeen suffered from a devastating fire that destroyed two buildings and damaged several others.
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Things to do with the family
Kids can learn all about jellyfish at 2 p.m. today at the Maryland Science Center .
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Harford man charged in fatal shooting at birthday party
A Harford County judge denied bail Monday to a 36-year-old Pylesville man charged with first-degree murder.
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Spikes fall to a walk-off three-run homer
State College sat in its dugout for four-and-a-half hours last night. When it was time to exit the dugout and into the visitors' clubhouse at Ripken Field in Aberdeen, Md., all of the things they had ...
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Quick start leads Renegades to win
ABERDEEN, Md. - Unable to rebound from an early deficit in a loss in Aberdeen on Saturday night, the Hudson Valley Renegades jumped on the IronBirds from the start on Sunday afternoon for a 6-4 victory.
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Officers Threatened By Graffiti, Police Say
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'Birds dump 'Gades
ABERDEEN, Md. - The Hudson Valley Renegades fell behind early and couldn't rebound, losing to the Aberdeen IronBirds on Saturday night at Ripken Stadium, 6-5. The Renegades allowed a three-run bottom of the ...
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Golf course owners bet on base growth to reverse slump
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A smile, a helping hand
When Jack Foreaker was 4 years old, his mailman gave him a bird puppet that contained a purple feather.
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Man Charged In Aberdeen Woman's Death
Maryland State Police said they have arrested and charged an Aberdeen man in connection with the murder of a woman whose body was found dumped along a Harford County 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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"...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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