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Divorce Buyouts
Debt Consolidation
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Oxford, 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
| Oxford, Maryland News |
Area Deaths
LLOYD LOWNDES BEATTY SR., 79, of Easton died Tuesday, Nov. 18, 2008. Funeral services will be held at 11 a.m. Saturday at Christ Church in Easton.
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Guidebook: Coasting on the Eastern Shore
Getting there: Visitors to Maryland's Eastern Shore have three major airports to choose from: Reagan/National , Dulles and Baltimore/Washington. The lowest fares, beginning at $258 for restricted round-trip ...
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MD--Historic Inns
There are still no buyers for three historic Talbot County inns that have been on the market all year, but market experts say it's not necessarily a sign of the slow economy.
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No need for extravagance: Bride opts for $1,000 wedding
When Angela Heidloff gets married on Saturday, she will walk down the aisle on the bank of the Tred Avon River in Oxford in a white organza dress that flows in shimmering layers down to her ankles.
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Classic tradition revived: A sail down the bay nets wine...
The crew promises to give away dozens of hefty melons in exchange for a donation to the Chesapeake Heritage Conservancy, the ship's owner.
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Patricia Moffett Hopkins
SALISBURY -- Patricia Moffett Hopkins, 74, of Salisbury and formerly of Cambridge, died Thursday, Sept.
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Fruitland's Main Street needs speed enforcement
Can cars go any faster down West Main Street in Fruitland? I really don't think so.
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Hard-Core Gamers Unite at Penny Arcade Expo
A Penny Arcade Expo 2007 attendee dons full BioShock cosplay gear at the videogame conference, which draws the hardest of hard-core gamers to Seattle each year.
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3. Driver in airport auto-ped identified
We now know the identity of a driver who was apparently behind the wheel of an SUV that struck a pedestrian at the airport two weeks ago.
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Woman killed by car at SLC airport identified
Authorities have identified a Maryland woman who died after being struck by a car last week at Salt Lake City International Airport.
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Husband of woman killed in crosswalk speaks to KSL
We now know the name of the woman killed in a crosswalk at the Salt Lake International Airport on July 22, and we're learning more about what happened from her husband.
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Woman killed after being hit by a car at SLC International Airport
A woman died after being hit as she crossed a road at Salt Lake International Airport on July 22nd, according to airport authorities.
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Turtle blamed for sewer clog in Oxford
Town officials in Oxford have figured out the cause of a clog in the town's sewer system earlier this month: It was a six-inch turtle.
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Turtle blamed for sewer clog in Oxford
Town officials in Oxford have figured out the cause of a clog in the town's sewer system earlier this month: It was a six-inch turtle.
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Turtle blamed for sewer clog in Oxford
Town officials in Oxford have figured out the cause of a clog in the town's sewer system earlier this month: It was a six-inch turtle.
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Turtle blamed for sewer clog in Oxford
Town officials in Oxford have figured out the cause of a clog in the town's sewer system earlier this month: It was a six-inch turtle.
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Turtle blamed for sewer clog in Oxford
Town officials in Oxford have figured out the cause of a clog in the town's sewer system earlier this month: It was a six-inch turtle.
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Turtle blamed for sewer clog in Oxford
Town officials in Oxford have figured out the cause of a clog in the town's sewer system earlier this month: It was a six-inch turtle.
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Turtle blamed for sewer clog in Oxford
Town officials in Oxford have figured out the cause of a clog in the town's sewer system earlier this month: It was a six-inch turtle.
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Turtle blamed for sewer clog in Oxford
Town officials in Oxford have figured out the cause of a clog in the town's sewer system earlier this month: It was a six-inch turtle.
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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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