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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.

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Oxford, Maryland News
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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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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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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.


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.


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.


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.


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.


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.


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.


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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