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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Ashland, ME Divorce Buyout in Maine
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 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
| Ashland, Maine News |
Great Aunt Cassie
She was our great aunt but us Stevens' kids always called her Aunt Cassie. She only stood about five feet tall in her stocking feet but she had more drive and energy in her little finger than most people had in ...
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Soccer updates
Holden Turner scored two goals for the 9-2 Bears. Corey White and Tony Brown each scored a goal.
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Accident Sends Four to the Hospital
A mid morning accident on Route 11 near Portage Lake sends four people to the hospital with Non-Life Threatening injuries.
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Economy claims two more mills
B2 DERWIN GOWAN TELEGRAPH-JOURNAL One sawmill on Prince Edward Island and another in northern Maine will shut down permanently, J. D. Irving, Limited announced Tuesday.
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Beleaguered Pinkham Sawmill to close
An Aroostook County mill that has sputtered along in the past few months has finally run out of steam.
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Firewood programs launched
To offset rising fuel costs, Maine and Vermont are taking steps to make the two states' abundant supplies of firewood available to homeowners at reduced costs.
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States Launch Cut-Your-Own Firewood Programs
To offset rising fuel costs, Maine and Vermont are taking steps to make the two states' abundant supplies of firewood available to homeowners at reduced costs.
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Teacher Tours
The Maine Tree Foundation and Maine Project Learning host a series of Teacher Tours of Maine's forest and mills.
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Holy Rollers
About a mile and a half down the Masardis Road from my grandfather Colbath's house was a small wooden structure that was the Pentecostal Church.
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Two Arrested For Trying to Steal Copper Wire
The State Police have arrested two Aroostook county men for attempting to steal copper wire in Ashland.
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Drugstore Days
When I was about sixteen, I went to work as a clerk at Chasse's Drugstore in Ashland.
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Goin Home
Walt adjusted his sunglasses to block the early morning sun as it reflected off the edge of the Piscataqua Bay Bridge and directly into his eyes.
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Crimes Decrease in Maine: Ashland Update
After steadily increasing for two years, crime in the state of Maine is decreasing.
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Woman who hit fiance with car gets prison
An Ashland woman who struck and killed her fiance with her car after a night out at a local bar in February 2007 will spend 20 months in prison for the crime.
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Maine woman gets 20 months for running over fiance
A 42-year-old Ashland woman will spend 20 months in prison for striking and killing her fiance with her car after a night out at a local bar.
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Navy reservist to deploy overseas
Trisha Chambers was determined to get a family photo Friday, and nobody, not even her four hungry teenagers, dared deny her a perfect portrait.
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Car Theft Arrest
State Police arrested a Presque Isle man Sunday in Castle Hill in connection with a stolen vehicle investigation from Ashland.
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Northern Maine Sawmill To Reopen
Forty-five employees will return to work early next month when the J.D. Irving Forest Products sawmill reopens nearly four months after shutting down.
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Ashland: Fraser millworkers qualify for aid
"Our state has lost 23 percent of its manufacturing base since NAFTA" David Dockham of Houlton stacks pine lumber at Fraser Papers' Ashland sawmill last week. via Bangor Daily News
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Macaroni
"Well, he's about... or, His hair is kind of... You know, he's, well..." His given name was "Kenneth" but, everyone who knew him, always called him "Macaroni." He was what some people might call the "town" character. via Magic City Morning Star
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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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