Point Of Rocks, 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
| Point Of Rocks, Maryland News |
Frederick Co. to Increase Ambulance
FREDERICK, Md. - Frederick County has moved five stations to an urban tax district, and will increase ambulance response to round-the-clock coverage.
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Shooting victim released from hospital
Medics prepare the victim of a shooting to be loaded on a Maryland State Police helicopter near Point of Rocks late Thursday night.
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Musicians honor veterans with 'Echo Taps'
Barbara Lively of Point of Rocks , an Air Force veteran, plays "Taps" on Second Street in downtown Frederick Tuesday as part of Frederick's "Echo Taps" event to honor veterans.
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Decreased driving threatens projects
To review the Federal Highway Administration's "Traffic Volume Trends" reports for August 2008, visit www.fhwa.dot.gov/ohim/tvtw/tvtpage.htm Fifteen billion may not seem like much, compared to the national debt ...
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Reformer wants changes in local schools
Tom Neumark moderates the Frederick County Board of Education forum at C. Burr Artz Library on a recent Saturday afternoon in Frederick.
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Point of Rocks residents get details of bridge replacement
Brunswick resident, Pete Roe, right, speaks with Maryland State Highway Administration's chief - Office of Bridge Design, Glenn Vaughan, center, while looking over maps of proposed detours and road closures.
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Civil rights activist reflects on fighting racism
"A little bit of everything in here," said Lord Nickens as he ambled slowly with a cane acquired months ago after a spill that left his hip sore.
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A Guide to Taking the MARC Train to Downtown DC from Western Loudoun County
If you live in Western Loudoun County and drive into downtown Washington, DC for work, there is an option available to you that can save time, money and wear and tear on your vehicle.
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MD--Profile: Aggressive Activist, Adv20
Civil rights activist reflects on fighting racism AP Photo MDFRE501 By NICHOLAS C. STERN The Frederick News Post FREDERICK, Md.
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Route 464 Bridge Over Catoctin Creek Scheduled To Be Replaced
Route 464 Bridge over Catoctin Creek to be replaced. It won't begin for about a hear and a half, but the State Highway Administration is getting the word out about a bridge replacement project.
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Scouts learn while having campfire fun
Zach Hood of Point of Rocks takes his turn on the rope bridge during Webelos in the Woods on Saturday in Myersville.
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SHA Holds Meeting On Bridge Replacement
SHA holds meeting on bridge replacement. An informational meeting is scheduled for Tuesday, October 14th at the Brunswick Middle School cafeteria on plans to close the Route 464 bridge over Catoctin Creek in ...
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Sykesville native prepares museum for Steam Days
While growing up in Sykesville, Dave Shackelford would rush outside when freight trains rumbled across tracks near his home.
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Md. 28 bridge set to reopen in Point of Rocks
The reopening of the Md. 28 bridge over Washington Run in Point of Rocks is set for Wednesday, according to the Maryland State Highway Administration.
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Editorial: Doesn't compute
"I recently reviewed some TERC materials that I understand will be used in Frederick County public schools.
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Editorial: Recycle rocks
Nala, the leopard tortoise, showed up. So did a parrot, a chinchilla, a South American cotimundi, and an African pygmy hedgehog.
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Founders festival goes green with recycling theme
Friends Casey Marsh, 8, left, and LeAnn Bartholomew, 8, get to know Nala, a leopard tortoise, during Founders Day activities in Point of Rocks on Sunday.
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Hanna's Approaching Frederick
As tropical storm Hanna pushes in through the area, Frederick County Residents are feeling her affects.
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Zero-waste Founders Day festival scheduled
The 32nd annual Point of Rocks Founders Day, sponsored by the Point of Rocks Ruritan Club, is scheduled for Sunday at the Point of Rocks Community Center and Park, 1635 Ballenger Creek Pike, Point of Rocks.
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Reporter's Notebook - Work on bridge replacement continues
Transportation seems to be synonymous with perpetual construction. Unfortunately for Frederick County residents, it's inescapable.
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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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