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Sudlersville, 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
| Sudlersville, Maryland News |
New trees to line Eastern Shore Drive
Pete Cooper was concerned about the growth of Eastern Shore Drive. The former Salisbury Public Works director decided to replace the roadway's existing trees with 170 new red sunset maples.
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Old house used as firefighting exercise
Firefighters from Millington, Sudlersville and Clayton, Del. participated in a controlled burn, Sept.
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Contract awarded to Bearing for Worton water tower construction
CHESTERTOWN At their Tuesday meeting, Commissioners William Pickrum and Ron Fithian awarded the contract for the Worton water tower and water treatment plant upgrade to low bidder Bearing Construction, of ...
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DE--Car Death
Delaware State Police say a 4-year-old boy from Sudlersville, Md., was found dead inside a locked car in Kenton.
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Four-year-old boy found dead in car
Delaware State Police are investigating the death of a 4-year-old Sudlersville, Maryland boy that occurred Tuesday afternoon in Kenton.
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DELAWARE: 4-year-old boy dies in locked car
A 4-year-old Maryland boy died Tuesday afternoon after he accidentally locked himself in the family car during a visit to his grandparents' house in Kenton, state police reported.
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Find fresh blueberries
From now until about the first week of August, berry farms all over Maryland will have ripe blueberries for you to pick.
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Flash
Your browser's security settings are preventing some features from appearing. See instructions for fixing the problem. via Eastern Shore News
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Fatal Accident in Sudlersville Takes Man's Life
Police say a man died from his injuries with four others being sent to the hospital after a car accident in Sudlersville, Md. via WBOC-TV Salisbury
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1 killed in Queen Anne's Co. accident
Maryland State Police are investigating a fatal accident that occurred late yesterday on a rural road near the Eastern Shore community of Sudlersville. Trooper James Blackwell of the Centreville barracks in Queen Anne's County said a vehicle ran a stop sign at Route 300 and Peter's Corner Road and was struck by another car. 'Two occupants of the at-fault vehicle were thrown from their car, and one of those is deceased,' Blackwell said. He said the other person was hospitalized. The driver of the second car was flown to Maryland Shock Trauma Center 'as a precaution,' Blackwell said, but was apparently well enough to be released this morning. Read more
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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