Solomons, 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
| Solomons, Maryland News |
Solomons Island is the nearby getaway
The Tiki Bar's annual opening at Solomons attracts thousands of revelers each April, but the place seats fewer than 100, so the street is closed as the party spills outside.
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Statue stands watch in Dowell
From the Patuxent River Naval Air Station, Athena Rolsma, PS2, Charles Oleskiewicz, ABE3, center, and Justin Smith present the colors commemorating Veterans Day 2008 at the "On Watch" statue in Dowell.
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Residents wary of Asian oyster
Southern Marylanders are wary of a proposal to release an Asian oyster species into the Chesapeake Bay, judging by comments at a public hearing Wednesday night on a draft environmental impact statement ...
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New research ship named for Md. pioneer Rachel Carson
Fleet superindendent Bruce Cornwall stands on the deck of the 81-foot Rachel Carson.
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Veterans honored, remembered throughout county
Patuxent High School Navy JROTC cadets Christine Leyton and Kyle Samilton perform a rifle exhibition at the Southern Pines Senior Center at a Veterans Day ceremony Monday.
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Rush can't duck IRC good fortune
On the way out to the race course on Saturday, skipper Bill Sweetser and his crew aboard Rush discovered a decoy duck floating aimlessly in the Chesapeake Bay.
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Museum shows film on Lyme Disease
Clarification Not reported in an Oct. 21 domestic violence story was Pat Pease's official title which is the Education and Training Coordinator for the Crisis Intervention Center.
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Trick or Treat
The eighth annual Monster Mash Cruise and Costume Contest will be held on Oct. 31 aboard the Wm.
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Crosby raises, spends $10,000
The challenger for the board of education at-large seat, Marilyn Crosby, has raised and plans to spend more than $10,000 on her campaign to unseat Gary Kessler, who has essentially spent no money on his ...
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League of Women Voters hosts forum for school board candidates
Voters choosing members of the Calvert County Board of Education have one last chance to do some learning of their own.
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Bugeye Ball
The Calvert Marine Museum held its annual Bugeye Ball Saturday to raise money for the ongoing renovation and repair of the Keeper's House at Cove Point Lighthouse.
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Calvert County commissioners agenda for Oct. 28
Prince Frederick 10:05 a.m. - Proclamations: National Hospice Month; National Family Caregiver's Month; Youth Appreciation Week 10:20 a.m. - Presentation: Department of Economic Development, Reliability Update ...
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Locals awarded at CBW gala
Local dignitaries lit up the night Saturday at the Concerned Black Women of Calvert County's inaugural Awards Dinner and Gala, "A Salute to Excellence." The Oct.
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Report: Asian oyster could save bay fishery
Public comment accepted The public response to the findings of the report issued this week will provide direction for the preparation of the final programmatic environmental impact statement.
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Absentee ballots make voting easy for everyone
Residents of The Hermitage assisted-living community near Solomons who benefit from absentee balloting carried out there include, standing from left, Flora Frederick, Petrina May, Theresa Smialek, Elizabeth ...
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Experts debate oyster proposal
Attendees at the 2008 State of the River Summit heard the latest - and gravest - news about the plight of the Chesapeake Bay watershed, but also debated a proposal to save it.
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Appreciation for the Patuxent
The skipjack Nathan of Dorchester gave rides Saturday and Sunday at the annual Patuxent River Appreciation Days at the Calvert Marine Museum in Solomons.
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Search to resume for man missing after boat accident
A massive search for a missing St. Mary's County man, who was ejected from a speed boat Sunday afternoon on the Patuxent River near Solomons, will resume at dawn Tuesday, said a spokesman for the Maryland ...
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Search continues for missing boater
A search continued at midday Monday for a man that authorities report was thrown from a boat the night before in the Patuxent River near Solomons.
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Snakeheads, others on display at Calvert museum
"Frankenfish" are coming to Calvert County. Snakeheads, the voracious, sharp-toothed predators found in the Potomac River, will get top billing in their first public exhibition at the Calvert Marine Museum in ...
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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