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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Sparks Glencoe, 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
| Sparks Glencoe, Maryland News |
Council downzones Sparks acreage, denies Obrecht residential development
After months of attending a series of public hearings, making countless phone calls, submitting petitions and letters, it took 30 minutes for North County residents to learn the fate of 234 rezoning issues ...
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Newsmakers
Margaret Stewart, of Baldwin, has been promoted to the position of senior administrator at Erickson Retirement Communities' Oak Crest Village in Parkville.
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News
Obituaries Carole Clay Shewbridge Carole Clay Shewbridge, 60, of Monkton, died May 3, 2008, at the Gilchrist Center in Towson, of complications from ovarian cancer.
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Hereford association considers expansionMembers say they want greater political clout
"Right now, our voting bloc doesn't have enough members to sway McIntire" Members say they want greater political clout 04/16/08 By Pat van den Beemt The Hereford Community Assciation is considering expanding its boundaries or offering associate membership to those outside its ... via North County News
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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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