Aquasco, 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
| Aquasco, Maryland News |
One injured in Chalk Point plant blaze
A two-alarm fire broke out at the Chalk Point Generating Plant in Aquasco Tuesday morning, injuring one person, a Prince George's County firefighter said.
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Program to preserve rural land launched
A county-run rural conservation program that was set up two years ago but stalled because of funding complications has finally gotten off the ground.
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Men face charges in racing deaths
Prince George's County State's Attorney Glenn F. Ivey stands before a bank of microphones Tuesday in Upper Marlboro to announce the indictment of Darren Jamar Bullock, 21, and Tavon J. Taylor, 18, both of ...
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Fire Injures One at Md. Power Plant
Prince George's County firefighters are working to put out a two-alarm equipment fire at Maryland's largest power plant.
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Fire Injures One at Md. Power Plant
Prince George's County firefighters are working to put out a two-alarm equipment fire at Maryland's largest power plant.
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Fire Injures One at Md. Power Plant
Prince George's County firefighters are working to put out a two-alarm equipment fire at Maryland's largest power plant.
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Fire Injures One at Md. Power Plant
Prince George's County firefighters are working to put out a two-alarm equipment fire at Maryland's largest power plant.
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On the agenda
Greater Baden Aquasco Citizens Association will meet at 7:30 p.m. July16 at the Baden fire hall, 16608 Brandywine Road.
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SMECO plans line expansion
The Southern Maryland Electric Cooperative plans to run a new high-voltage line down much of the length of Calvert County, co-op officials told the Calvert County Board of County Commissioners on Tuesday. via The Recorder
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Illegal racing taxes police resources
The Prince George's Police Department has confirmed the names of those killed in Saturday's crash: Blaine Briscoe, 49, of La Plata Mark Courtney, 34, of Charlotte Hall William Gaines, 61, of Nanjemoy Ervin ... via The Enterprise
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Deaths at illegal race spur police review in Prince George's
Law enforcement officers and investigators converge on a section of Route 210 in Accokeek on Saturday morning. via Gazette.Net
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Friends, Family Mourn Street Racing Fans
Relatives and friends of the eight street-racing fans killed on Indian Head Highway in Accokeek returned to the crash site Monday to erect memorials of flowers, crosses and candles. via WJLA-TV Arlington
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Knights honor longtime leader Estep
The Knights of St. John International recently honored the late James Patterson Estep of Aquasco. via The Independent
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Hoping for a home
Click here to enlarge this photo Staff Photos by Darwin Weigel Click here to enlarge this photo Christian Bean, 10, his sister Rachel, 7, and mother Patti of Aquasco spend time with boarder collie mix ''Wendy" ... via The Recorder
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Alleged Crime Spree Detailed: Man Robbed Banks Across U.S. After Killing, Authorities Say
Washington Post Staff Writer Sunday, November 18, 2007; Page SM03 A murder indictment filed last week in St. via The Washington Post
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Suspect indicted in salon owner's death
More than 16 months after a hair salon owner was found beaten to death in his Charlotte Hall shop, St. via The Enterprise
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On the agenda
Potomac River OysterClam Advisory Committee will meet at 6 p.m. in the John T. Parran Hearing Room of the Potomac River Fisheries Commission building, Colonial Beach, Va. via The Independent
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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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