Savage, 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
| Savage, Maryland News |
Holiday events at Savage Mill
Historic Savage Mill will hold its Holiday Magic at the Mill weekend of events and entertainment Saturday and Nov.
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Birthday surprise gives 85-year-old a grand time
26 as the honored guest at his 85th birthday party. Paul was surprised by approximately 50 family members and friends who came to celebrate and share memories of his 85 years.
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Gas Main Break Shuts Down Area Of Route 1 In Maryland
A gas main break is making Friday morning's commute a little tricky on Route 1 in Maryland this morning.
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Gas main rupture in Savage leads to evacuations, road closure
A gas line ruptured by a contractor early today led to the evacuation of three businesses and the closing of U.S. 1 in Savage, Howard County fire officials said.
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Crime Log: Fulton jeweler reports break-in
Elkridge, Jessup Covered Wagon, 9700 block, 1:26 p.m. Nov. 2. Someone heard loud bang and saw male running from apartment building.
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Watch out for ghosts and goblins in the road
Halloween, or Trick-or-Treat Night, as commonly called by our children is Friday, Oct.
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History of Freemasons
The Savage Historical Society will meet at 7 p.m. tomorrow at the Faith & Ministry Center, 9032 Baltimore St., Savage.
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Each year is a hit on Sargents' Top 40
Have you ever wondered how to "make it last"? Or, ever thought "how do they make it last"? Well, you might ask Donna and Jim Sargent.
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Launching a home-based business, honing leadership skills and more
16, 5:30 p.m. The dinner will honor Del. Elizabeth Bobo for her leadership and contributions to Howard County.
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Fire station open house scheduled for Oct. 11
1 mission. So, on Oct. 11, from noon to 4 p.m. the company will be hosting an open house so the community can visit with fire fighters, police officers and local fire department constituents who will ...
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Visual arts: 'Road to the Arts'
One of the new exhibits at the Howard County Center for the Arts, "Man & Machine," includes production line-oriented visual imagery; mixed medium-constructed assemblages that have anthropomorphic traits and in ...
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Savage Historical Society plans to meet Sept. 15
The Savage Historical Society will meet at 7 p.m. Sept. 15 in the FYM Center, 9032 Baltimore St., off Foundry Street, in Savage.
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Health Notes
As part of its Healthy Families program, Howard County General Hospital will offer a program for future parents and those with infants up to 3 months old, 'Happiest Baby on the Block,' from 7 p.m to 9 p.m. ...
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Howard County Datebook
Columbia festival Columbia Festival of the Arts continues with a performance by Fred Garbo Inflatable Theater Co.
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Community Notes
The Arc of Howard County presented awards to individuals and groups that have provided innovative programs and opportunities for people with cognitive and developmental disabilities.
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Sewage plans raise doubts
Environmentalists are questioning Howard County's management of its sewage system and plans to add a $66 million sewer pipe, both crucial to the proposed redevelopment of central Columbia.
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North Laurel/Savage
The Savage Fest will start at 10 a.m. Saturday with a community parade from Bollman Bridge Elementary School to Savage Mill.
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North Laurel/Savage
The South Laurel Recreation Council is accepting registration for summer classes for children, teens and adults.
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Meeting examines Savage's voting past
The Savage Historical Society will meet at 7 p.m. May 19 in the F&M Center, 9032 Baltimore St., Savage. via The Baltimore Sun
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Sobriety checkpoint nets six arrests
After conducting a sobriety checkpoint Friday night into Saturday morning, Howard County police arrested six drivers and charged them with driving under the influence of alcohol or driving while impaired by ... via The Baltimore Sun
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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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