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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.

Local divorce buyout directory for ME :
Bailey Island Bernard Bowdoinham Brownfield
Baileyville Berwick Bradford Brownville
Bangor Bethel Bradley Brownville Junction
Bar Harbor Biddeford Bremen Brunswick
Bar Mills Biddeford Pool Brewer Bryant Pond
Bass Harbor Bingham Bridgewater Buckfield
Bath Birch Harbor Bridgton Bucksport
Beals Blaine Bristol Burlington
Belfast Blue Hill Brooklin Burnham
Belgrade Boothbay Brooks Bustins Island
Belgrade Lakes Boothbay Harbor Brooksville Buxton
Benedicta Bowdoin Brookton

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