Anson, 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
| Anson, Maine News |
Motorcycle Crash
Skowhegan police are investigating a serious motorcycle accident that happened Tuesday afternoon... A man was attempting to pass another vehicle on the Waterville Road when the bike's brakes suddenly locked up, ...
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Weekend arrests in Somerset County
IN ANSON, Sunday at 7:57 a.m., Troy Walther, 25, of Anson, arrested on a charge of violation of bail conditions and held without bail.
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Burglaries, thefts keep police busy
IN OAKLAND, Wednesday at 1:58 p.m., police investigated a reported drug offense on Center Street.
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Assaults, criminal mischief top arrest logs
IN WATERVILLE, Wednesday at 4:50 a.m., Jamie Lynn Charity, 28, of Winslow was arrested on Halifax Street on a charge of assault.
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Bridge work set to begin in Chesterville
Work on a bridge spanning Norridgewock Stream on Pope Road is scheduled to begin Monday, but the road may not be closed in that area just yet.
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Farm cleans up with goat-milk soap
Joanne Gorey has a purpose for the 30 goats she keeps on her 10-acre farm in Anson.
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Skowhegan: Somerset County towns hit hard
One town had to increase its mill rate by almost 27 percent. Another community raided its savings account.
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Ideal Conditions heads Mid Summer Classic Field
The Mid Summer Classic, a mainstay of the New England harness scene during the 1980s and 1990s, will experience a rebirth on Friday as Scarborough Downs reinstates the $20,000 Invitational Pace as a vehicle to ...
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Pittsfield: SAD 53 eyes options after consolidation vote
Michael Gallagher, superintendent of schools for SADs 53 and 59, has requested guidance from the Maine Department of Education regarding the recent vote by SAD 59 residents not to consolidate with SAD 53.
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Lincolnville considers investment portfolio, road upgrades, land deal
LINCOLNVILLE : Lincolnville selectmen will consider circulating a request for proposals from investment banks to help keep a $1 million fund thriving when they convene tonight for a regularly scheduled meeting.
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Turnouts low for Maine school budget votes
"Unless a referendum is well-founded, it's a very large waste of taxpayers' money" Voting season is under way in Maine, but few people seem to have taken notice. Under a new state law, voters are going to the polls this spring to cast ballots on their local school budgets. via Boston.com
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Scarborough's opener a smashing success
The gates swung open on Friday afternoon, April 11, the crowds arrived and the cavernous grandstand at Scarborough Downs came to life once again as the 2008 harness racing season celebrated opening day in the ... via Hoof Beats
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Flood experts keep eye on snowpack
"The Dead River and the Kennebec up by The Forks are open water. Usually, there are 6-feet ice chunks tossed along the sides. None are there" As the snow continues to pile up, water flows into basements and ice encases trees, state officials are carefully monitoring snow and water levels with an eye toward spring flooding. via Bangor Daily News
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Stove ashes spark ell fire
"I knew I wasn't in danger. It was in the ell. I wasn't going to leave my home" Wood stove ashes set too close to a house on Anson Valley Road on Friday caused minor damage to an ell. via Sun-Journal
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Ex-school official pleads to sex abuse
A former high school assistant principal awaits sentencing after pleading guilty to sexual abuse of a minor. via Sun-Journal
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Accused man (a High School, Vice-Principal) resigns from ministry
"Male teachers can't stay in the profession. You can't even look at these people the wrong way." The Carrabec High School administrator accused of unlawful sexual contact with a minor has stepped down as minister of an evangelical church. via Free Republic
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Assistant Principal Charged With Sexual Abuse Of A Minor
The assistant principal and athletic director at Carrabec High School has been charged with unlawful sexual contact and sexual abuse of a minor. via WLBZ
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Includes Photographs
Cooler conversation You know you're in Maine when you drive really slowly to work in a snowstorm, spend the next two hours chewing the fat with co-workers about how you actually made it to work, then leave work ... 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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"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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