Acton, ME Divorce Buyout in Maine
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 Maine, 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 ME
| Acton, Maine News |
Lebanon man dies in Acton crash
ACTON : A Lebanon man died Sunday night after he was ejected from his vehicle, which rolled over at least three times on Milton Mills Road in Acton, according to Lt.
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Carnival worker charged with rape
A man employed by a Seabrook-based carnival has been charged with raping two girls in Marshfield over the weekend.
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Back-to-school tax holiday lacking panel support
Twenty states have a "sales tax holiday" during the summer months to help ease the burden of families buying back-to-school clothes and supplies, but similar proposals have not made it out of committee in ...
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Road Closures
People who live on the roads below are under a boil water alert: York County Kennebec Drive in Lebanon Milton Mills Road in Acton has been reduced to one lane.
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Lebanon Area Of York County Hit By Flooding
Emergency management officials in York County are working with officials in New Hampshire to prevent flooding along the Maine/New Hampshire border.
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Flooding Closes Roads
Police have closed several roads because of flooding. In Brunswick in Cumberland County, police say the intersection of Bunganuc and Highland Road is closed.
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Mother-daughter duo participate in 25th annual Maine Loon Count
ACTON : Everyone who knows Jane Kirton knows she loves loons. [0] "I've always kept track of the amount of loons that we've had on the lake," said Kirton, whose family has a camp on Square Pond, which is ...
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Jeremy J. Chadwick
Jeremy Jones Chadwick, 31, of Kennebunk, died Saturday, July 19, 2008, unexpectedly in a motor vehicle accident.
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Kennebunk Savings has new Springvale staff
SANFORD : With the opening of its latest office in Springvale, Kennebunk Savings also has a new staff on board in its 14th location.
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Acton school budget cuts finalized
ACTON : Acton schools are on dangerous ground, according to Warrant and Finance Committee Vice-Chair David Cote.
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Acton developer proposing pellet plant
ACTON : Pat Hannon, owner of Pit Stop Mobil and Big Daddy's BBQ in Acton, said he wants to be compatible with the community.
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Man Caught In Burglary Attempt At Police Officer's Home
A Maine man is charged with attempting to burglarize a police officer's home in Wakefield, New Hampshire, while the officer was at home.
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Sanford embraces native son Cote at polls
If it were up to voters in Sanford and its neighboring towns, Adam Cote would be the Democratic Party's candidate in the race for Maine's District 1 seat in the U.S. House of Representatives in November.
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Acton Selectman Target Of Protection Order By Clerk
A town clerk in Maine has been granted a temporary protection order against a selectman accused of using abusive and foul language.
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Hearty breakfast being served
ACTON : Acton Town Hall on H Road is the place to be Saturday, June 7, from 8 -10 a.m. for a delicious breakfast prepared by the Acton/Shapleigh Lions Club). For $4 enjoy scrambled eggs, hot fluffy pancakes, ...
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Acton family affected by foster care stipend cuts
ACTON : In Terri Walker-Estes' time as a foster and adoptive parent, she's been generally satisfied with the help she received from the state.
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Lebanon Memorial Day Parade
LEBANON : Post 214, Maine's newest American Legion Post, will host the first official Lebanon Memorial Day Parade at 2 p.m. on May 26.
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High school newspaper award winners
"John had a successful career at Wells High School and it is gratifying to know that he has continued and been extremely successful in his educational endeavors" John A. Kryzak, a 2004 graduate of Wells High School, will graduate as a 2nd Lieutenant from the U.S. Air Force Academy in Colorado Springs, Colo., on May 28. via York Weekly
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First Student employees join Teamsters
"I don't think that has anything to do with it" Employees of the Rochester-based First Student, a school bus transportation company, recently voted to join the Teamsters local union 633. via The Citizen
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'Flag ladies' donate pole for Veterans Cemetery
"This cemetery was established in 2001 and has been underfunded by the state. They needed 26 flagpoles to line the Avenue of Flags, leading to the chapel, so we all decided to pitch in for a good cause." AUGUSTA : Eleven female legislators pooled $850 to buy new flagpoles for a Maine Veterans Memorial Cemetery in Augusta. via Village Soup
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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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