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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Drayden, 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
| Drayden, Maryland News |
Crosby raises, spends $10,000
The challenger for the board of education at-large seat, Marilyn Crosby, has raised and plans to spend more than $10,000 on her campaign to unseat Gary Kessler, who has essentially spent no money on his ...
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Sightings spark search for bear
State wildlife officers haven't seen it with their own eyes, but they continued efforts this week to verify reported sightings of a bear traveling through St.
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MetCom says sewage backed up in two homes
It was not the cause of sewage backups in the Patuxent Park neighborhood, but vandals shoved several sticks into a public sewer pipe off Willows Road three weeks ago.
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Copperhead, for real, hooked in Wildewood garage
St. Mary's animal wardens get a lot of calls from people concerned about copperhead snakes in and around their homes, but most of them are other, harmless snakes.
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Tide ebbs for local soft shell clammers
Bill Trossbach of Drayden studies clams and debris that come up along the hydraulic dredge in the Patuxent River.
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Soap box derby drivers take their last trips down town hill
Staff photos by PAUL C. LEIBE Jason Moore of Faulkner steers his Park Dodge-sponsored soap box racer down Fenwick Street, racing against Bushwood's Abigail Moran.
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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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