Alna, 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
| Alna, Maine News |
Options for Schools Closure
Architects and engineers concerned with the proposed closing of one of the three Wiscasset schools will air options in a two-hour public presentations on Sept.
|
Sheepscot Valley RSU Plan Fledged And Ready To Fly
Planners of the eight-town regional school unit ranging from Wiscasset to Palermo put finishing touches this week on a 70-page document they will present to school boards in August.
|
Not Always the Brown Thumb
NEWCASTLE : I'm not a very good gardener. I'm fond of flowers and vegetables, but I appear to lack the proper touch in their husbandry.
|
Not Always the Brown Thumb
NEWCASTLE : I'm not a very good gardener. I'm fond of flowers and vegetables, but I appear to lack the proper touch in their husbandry.
|
Bath Band Concert
On Sunday, August 3, the Bath Municipal Concert Band will be playing at the Head Tide Church in Alna to celebrate the Church's 170 th Anniversary.
|
Wiscasset Voters Okay Flat School Budget
The third time around, a majority of Wiscasset voters Monday took words from the town budget committee seriously and another $65,089 school budget reduction beyond the $277,000 for the town meeting warrant.
|
Survey Aims To Help Fish Move About Sheepscot Watershed
It's a long list but Charlie Baeder of the Sheepscot River Watershed Council hopes to visit many of the 225 sites on a list of possible fish passage impediments in the Sheepscot watershed.
|
Historic Buildings Tour
The Puddle Dock School The Puddle Dock School is among the historic buildings in Alna that will be open for tours on July 12.
|
Red's Eats Float Wins Parade Trophy Friday
A replica of Red's Eats surrounded by a group of employees donning Red's Eats tees won the Wiscasset's Fourth of July parade trophy as the best float.
|
Wiscasset Prepares for Third School Budget Vote Monday
Wiscasset citizens will take a third crack at adopting a new school budget when they convene at town meeting Mon., July 14 in the Wiscasset Middle School gym beginning at 6:30 p.m. The newly cut $9.38 million ...
|
Agreement Signed
Wiscasset's Town Manager has signed a two-year agreement with Pine Tree Waste, he said Tuesday, following action taken by the selectmen last week.
|
Wetlands and Alewives Headline Sheepscot Watershed Talk
Scientists have their eye on Sherman Marsh in Newcastle. Once it was a river - before an earthen dam was built in 1934, said an assistant research professor at the University of Southern Maine , last Wednesday.
|
Bypass Group Registers 'No Opposition' to Route 32
The Midcoast Bypass Task Force made a surprise move last June 26 with a unanimous straw vote of 'no strong opposition' to the state Dept.
|
Home To Grandma's
Clayton has returned to his home in Wiscasset - another casualty - or perhaps, a blessing of the War in Iraq.
|
Single Stream Recycling Set for July 1 in Wiscasset
Wiscasset transfer station will launch its new single stream recycling program July 1. The new system eliminates the need to separate recyclable materials and could save the town an estimated $20-30,000 in ...
|
Accident on Egypt Rd. Ends in a Bent Frame, No Injuries
The driver of gray Ford Mustang escaped a single car accident unscathed when he plowed his car into a ditch on the Egypt Rd.
|
Bypass Group Talks
Now that members of the Midcoast Bypass Task Force know what the state's "preferred" bypass route is, task force members will be given the chance to discuss the choice among themselves.
|
Lincoln County Reports Towns' 2008 Taxes
Lincoln County communities just received news this week about how much county tax they will have to pay this year, following a decision commissioners made last week to use most of the surplus from last year to ...
|
Annual Bean Supper
On Saturday, June 14 the Friends of the Historic Head Tide Church, along with volunteers from the Alna Fire Department, will host their annual baked bean supper and pie auction.
|
School Vote: No
Wiscasset voters turned down a proposed $9 million school budget in secret ballot voting on Tuesday.
|
|
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.
|
|