Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

MD Divorce Buyout in Maryland

Since 1979 Somerset Mortgage Lenders 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.

Local divorce buyout directory for MD :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Maryland News
Md. Highest Court to Weigh Transgender Referendum

Maryland's highest court is set to hear arguments Monday involving a referendum on Montgomery County's transgender rights law.


State Comptroller Expected To Discuss Budget Woes Monday

Maryland Comptroller Peter Franchot is scheduled to speak Monday morning in Rockville, where he is expected to give his ideas on how to balance the state budget.


Sex a no-no for workers, bosses under this proposal

A Frederick County Commissioner is calling for a new ethics law that would prohibit state elected officials from engaging in sexual relationships with state employees under their direct supervision.


Pollution auction set for Maryland

Maryland and nine other states will be auctioning off their pollution to the highest bidder later this month.


MARYLAND: Fort Detrick dump site proposed for Superfund list Posted

The U.S. Environmental Protection Agency has formally proposed adding a Fort Detrick dump site in Frederick to its list of the nation's most polluted places.


Md. POW Fights for McCain

ST. PAUL, Minn. - Everett Alvarez Jr. was flying a Navy fighter jet at 500 mph toward an enemy naval base on Aug.


MARYLAND: Man accused in children's deaths to be evaluated

BALTIMORE - A competency hearing for a man accused of drowning his three children has been postponed.


State To Launch Independent Bridge Inspection Probe

Gov. Martin O'Malley is directing state officials to form an independent panel of experts to review Maryland's tunnel and bridge inspection program.


MARYLAND: Former lawmaker pleads guilty to child porn

Federal prosecutors are seeking a sentence of at least three years in prison for a former state legislator who pleaded guilty to a child pornography charge.


Drug co. not liable in crash that killed Isaac Gourdine

Maryland 's highest court has ruled that pharmaceutical maker Eli Lilly and Co. isn't liable to a third party in a fatal crash caused by a diabetic driver who used the company's medication.


O'Malley Issues Pre-Disaster Emergency Declaration

Gov. Martin O'Malley is preparing for Tropical Storm Hanna. He's issued a Limited Emergency Declaration on Thursday in anticipation of the storm's impact on Maryland's Eastern Shore.


State Medevac system focus of legislative hearing

Almost half of the patients flown by helicopter to Maryland trauma centers are released within 24 hours, making some lawmakers wonder whether the state's vaunted Medevac system is overused.


Proposal: Outlaw sex between officials, employees

Maryland state elected officials who have sexual relationships with employees under their supervision would be violating state ethics law, if a county commissioner gets his way.

The ethics law would not apply, however, if the official and the worker were married to each other.

Frederick County Commissioner John Thompson says the proposal is a response to a specific situation, but he won't name the people involved out of consideration for innocent third parties.

Thompson wants the issue included in the county's list of state legislative priorities. But several local lawmakers say they would oppose Thompson's proposal.


MARC Service Delayed During Morning Commute

The Maryland Transit Administration says some Washington-bound MARC trains were disrupted during the morning commute after a person was found unconscious near a set of train tracks.


MD--DNA Samples-Crime

Black lawmakers and civil rights activists are criticizing Gov. Martin O'Malley's administration of failing to implement compromises in a law that expands when police can collect DNA samples from crime ...


MARYLAND: Fish kill reported in South River cove

Maryland officials are investigating a fish kill in an enclosed cove off South River, near Annapolis.


Ex-Lawmaker Faces Child Porn Charge

Former Maryland state lawmaker Robert McKee , 59, has been charged by the U.S. attorney's office with one count of possessing child pornography.


Gilchrest expected to endorse Kratovil

ANNAPOLIS - The Democrat running for Congress in Maryland's First District is expected today to receive the endorsement of the Republican incumbent he is hoping to replace.


ABC 7 News - Attorney: Driver 'Devastated' by Bay Bridge Crash

An attorney says his 19-year-old client feels "just awful" and is "devastated" about the accident on the Bay Bridge that killed a tractor trailer driver Aug.


Marylanders Have Highest Income

Maryland has the nation's highest median household income. According to newly released census figures, the average Maryland household brought in $68,080 last year.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)