Barstow, MD Divorce Buyout in Maryland
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 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
| Barstow, Maryland News |
Parents want ethics probe of second school board member
A group of parents whose children were recently redistricted have filed an ethics complaint against Calvert County Board of Education Vice President Mary Garvey.
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DriveCam picking up speed
Debbie Jennings, left, of the Calvert County Traffic Safety Council, talks with Brandi Wilkinson and her mother Betty Wilkinson and Kathy Dobson and her daughter Nicole Dobson about the DriveCam program Nov.
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Spelling winners
Despite some modifications in the 2008 Youth Day Schedule at the Calvert County Fair due to the weather, the Spelling Bee was right on schedule.
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Long campaign calls to mind elections of yore
Well, thank goodness that's over. I am aware, of course, that this was a historic election, with long-term ramifications for blah, blah, blah and yada, yada, yada, but my main feeling is just one of relief.
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Barstow to open next week
Calvert County school officials got their first look inside the new Barstow Elementary School Thursday morning in preparation for the school's first day next Wednesday.
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Officials tour new school
Director of School Construction George Leah discusses the new Barstow Elementary School as commissioners, including Commissioner Jerry Clark , left, listened and toured the building.
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Charity offers help to parents of struggling children
A local children's charity is hosting its third annual conference to help the parents of children with mental disorders or behavioral problems.
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Country Market artisans return to Prince Frederick
Nancy Donley of Ch'Naca Fiberworks at the Shoppes of Southern Maryland at Central Square in Prince Frederick arranges yarn last week at the new location.
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Fair in full swing
Abbie Pike, 7, left, of Prince Frederick and Madison Bishop, 7, and Hallie Fedorchak, 7, of Owings enjoy the Paratrooper carnival ride Wednesday on the opening night of the fair in Barstow.
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How I spent my summer vacation
They live for teaching, but despite what some children may believe, teachers don't live at school.
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Smooth transition for far-flung Barstow students
Two principals stood side by side in front of one school, dismissing two schools of children to buses on the first day of school.
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Little interest shown in rides at Washington Co. Ag Expo
Jimmy Mister, co-owner of M&M Amusements, is seen through a ticket booth as he looks over his rides at the Ag Expo Wednesday.
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Schools' ethics panel has full staff
With all three members on board, the ethics panel for Calvert County public schools can resume its duties.
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A Hot Time For School Construction Projects: Pr. George's Finishing 1 New Site, 2 Additions
By James Hohmann Washington Post Staff Writer Thursday, July 10, 2008; Page PG01 Teachers and students get summer vacation, but it's the busy season for the people charged with building and maintaining schools.
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Parents demand new plan
The last day of school doesn't mean the end of a redistricting battle between the Calvert County Board of Education and parents furious about a redistricting plan for the upcoming academic year.
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Seeking Answers, Calvert Parents Get Only Silence
By Jenna Johnson Washington Post Staff Writer Sunday, June 15, 2008; Page SM03 The parents who packed the Calvert County Board of Education meeting room Thursday afternoon said they just wanted answers to the ...
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School Board Seeks Dismissal of Parents' Appeal: Group Says New...
"The board will listen at that time but will not respond" COMMENT By Jenna Johnson Washington Post Staff Writer Sunday, May 18, 2008; Page SM01 The Calvert County Board of Education is asking the state to dismiss an appeal filed by more than 90 parents opposed to new ... via The Washington Post
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New student board member sworn in
Patuxent High School's Allyson Shaffier was sworn in as the new student member of the Calvert County Board of Education last Thursday by Calvert County Clerk of the Court Kathy Smith. via The Recorder
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School budget approved by board of ed.
The Calvert County Board of Education approved the superintendent's proposed 2009 budget Thursday, just days after the Maryland General Assembly closed its session. via The Recorder
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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