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Divorce Buyouts
Debt Consolidation
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Pocomoke City, 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
| Pocomoke City, Maryland News |
WMDT--Police Seeking Public's Help In Firearm Burglary
Pocomoke City Police need your help in a burglary. Officials say two .22 caliber rifles and two shotguns were taken from a residence on the 200 block of Laurel Street in early November.
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Special Worship Services
Cannon Mennonite Church Bridgeville The Ninety & Nine invite all women and men to their annual Christmas dinner/meeting Monday at 6:30 p.m., featuring Jerry and Jeannie Jones ministering in song and ...
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Demand Response cuts possible
SALISBURY -- The latest budget cuts proposed by the Lower Shore transit authority could come to the detriment of rural diabetes patients whose lifeline is the public bus that hauls them three days a week for ...
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Local towns dress for the holidays
BERLIN -- There are 63 bows attached to the 63 lamp posts that line the streets of downtown Berlin.
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Should the feds provide $25B in aid to the auto industry?
Sehmina Jaffer Chopra Salisbury To bail out or not to bail out, that is the 'Big Three' question.
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Small Satellite Takes on Large Thunderstorms
Firefly, it's called, this new small satellite mission sponsored by the National Science Foundation .
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Year Has Passed Since Woman Vanished In Pocomoke
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Design done, Pines skate park is not far off
OCEAN PINES -- After years of waiting, Ocean Pines youth are a few months away from having a place to call their own -- a skate park.
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Special Worship Services
Beaver Dam Presbyterian Church Pocomoke City 'Give Thanks in All Things!' Is this possible with all the concerns of today? The church will hold an informal worship service Tuesday for all ages about giving ...
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Pocomoke given 'highest opinion' by auditor
POCOMOKE CITY -- Auditors from PKS & Company have given Pocomoke the 'highest opinion' an auditor can give, according to Michael Kleger, company representative.
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Church celebrates anniversary of first service
POCOMOKE CITY -- Early this month the members of Pocomoke City's Bethany United Methodist Church marked the anniversary of the first service in their new facility.
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Fred L. White
POCOMOKE CITY -- Frederick Leonard 'Fred' White Sr., 86, of Pocomoke City died Friday, Nov.
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Discovery Center aquarium to feature sturgeon
POCOMOKE CITY -- A new deepwater aquarium exhibit will open in the spring at Delmarva Discovery Center thanks to a $250,000 contribution from the Fulton Owen Foundation.
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Bonds sale is back on
SNOW HILL -- In arranging to sell the $35 million in bonds that will fund the construction at Pocomoke City High School, one thing has become apparent: Timing is everything.
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Pocomoke gets auditor's high marks
POCOMOKE CITY -- Auditors from PKS & Company, P.A. gave Pocomoke City a favorable report Monday night when they met with the Mayor and Council.
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Police & Fire Report
A Maryland man was arrested Friday night during a bi-state raid that targeted crack cocaine distribution in Worcester and Accomack counties.
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Murder trials may conclude with suspect's plea deal and testimony
SNOW HILL -- One of three men charged with killing a Pocomoke City woman avoided a murder trial in exchange for information that led to another defendant's manslaughter conviction.
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Town reviews maintenance building bids
POCOMOKE CITY -- Even though the flames that destroyed the Young Street public works facility have long been put out, the fire is still burning in the minds of Pocomoke City officials.
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Bonanza's back in the saddle
POCOMOKE CITY -- Nearly a year after its sudden closure, a Pocomoke favorite has opened back up.
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Plea helps suspect avoid murder trial
SNOW HILL -- One of three men charged with killing a Pocomoke City woman avoided a murder trial in exchange for information that led to another defendant's manslaughter conviction.
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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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