Avenue, 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
| Avenue, Maryland News |
Moonbat Sit-in In Support of Georgia: Wk 137, Olney,MD
After dissing Russia last week, the moonbats had a Sit-In in support of Georgia this Saturday, complete with posters.
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Help wanted
The County United Way is looking for about 350 good people to take part in the annual Day of Caring and Sharing.
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Weekend Calendar (Aug. 23-240
Saturday Carroll County Farmers Market: 8 a.m.-1 p.m., Carroll County Agriculture Center, off Smith Avenue, Westminster.
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Willards woman dies in Route 50 crash
SALISBURY - A 63-year-old Willards woman died when her van collided with a Honda SUV this morning on Route 50 at Civic Avenue, Maryland State Police said.
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MD--Easton-Outpatient Center
A new outpatient center opens Monday at Memorial Hospital in Easton. It is located next to the Emergency Department and faces Earle Avenue.
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Splendor restored
Workers removed scaffolding from the old American Brewery's towers, revealing a 19th century exuberance of restored copper, slate, brick and brownstone.
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Black bear spotted in Arbutus; DNR tracking it after calls
A small black bear that has made its way from St. Mary's County and through Calvert and Anne Arundel counties in the past few weeks was spotted today in the Arbutus area of Baltimore County, according to the ...
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Giving youths safer choices
With a $1.7 million boost in funding, Mayor Sheila Dixon 's administration is expanding an anti-violence campaign with roots in Chicago to two high-crime neighborhoods in Baltimore.
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Murdock gets top state job in American Legion
Sen. Roy Dyson , left, presents Gail Murdock of Mechanicsville with a Maryland Senate resolution at the oath of office ceremony July 18 in Ocean City when Murdock became department commander, the top position ...
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Planned turnout huge for National Night Out events
Police and Charles County residents will take to the streets Tuesday for National Night Out, the annual event dedicated to crime prevention.
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11 Arrested Outside O.C. Nightclub
A fight broke out early Saturday morning at the Paddock Nightclub in Ocean City leading to nearly a dozen arrests.
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Place to Be
Cottage Industry, an exhibition exploring the artist as entrepreneur, opened at the Contemporary Museum on June 1. Co-curated by Executive Director Irene Hofmann and guest curator Kristin Chambers, the ...
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Landmarks contest gets under way
By JULIE E. GREENE This year's Landmarks Contest is set in downtown Hagerstown. All clues are on buildings or structures within two blocks of Public Square and may be found on either side of the street or ...
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Map: Recent killings may be related
April 11: Three men shot in Franklin Square. One dead. April 21: Two people shot outside Unity United Methodist Church.
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Police: 'We do not engage in this sort of surveillance'
July 30 - Aug. 5, 2008 * P.O. Box 203 * Westminster * MD * 21158 * Ph: 410-875-5449 * Fax: 410-875-5401 * E-mail: ctimes@lcniofmd.com Police: 'We do not engage in this sort of surveillance' BAXTER SMITH ...
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Architect Lewis to advise on project
Roger K. Lewis, a noted Maryland architect and educator, will serve as adviser and facilitator for the design competition that the University of Baltimore is holding to select an architect for the $107 million ...
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MD--Brunswick Fire
One person is reported injured in a house fire in Brunswick. Local police say a teenager was burned during the fire Tuesday morning and was flown by Maryland State Police helicopter to an area hospital.
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MD--Brunswick Fire
One person is reported injured in a house fire in Brunswick. Local police say a teenager was burned during the fire Tuesday morning and was flown by Maryland State Police helicopter to an area hospital.
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MD--Brunswick Fire
One person is reported injured in a house fire in Brunswick. Local police say a teenager was burned during the fire Tuesday morning and was flown by Maryland State Police helicopter to an area hospital.
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MD--Brunswick Fire
One person is reported injured in a house fire in Brunswick. Local police say a teenager was burned during the fire Tuesday morning and was flown by Maryland State Police helicopter to an area hospital.
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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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