Hallowell, 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
| Hallowell, Maine News |
Slain N.H. officer's son might testify
Family members of fallen Manchester police officer Michael Briggs are expected to testify at the sentencing hearing of convicted murderer Michael Addison.
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Clifford and Roberta Tibbetts celebrate golden anniversary
WALDOBORO : Clifford and Roberta Tibbetts of Waldoboro celebrated their 50th wedding anniversary on Aug.
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Ellis Paul performing in Winthrop
The Winthrop Lions Club is pleased to announce their second fundraiser featuring Maine-born, internationally known, singer/songwriter, Ellis Paul, at the Winthrop Performing Arts Center Friday, Nov.
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Governor Proclaims Friday as Maine Conservation Corps Day
Augusta, ME – Gov. John E. Baldacci has declared Friday, Nov. 14, 2008 as Maine Conservation Corps Day in recognition of the 25th anniversary of the Corps' formation.
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The 'Worlds Afire' in Hallowell
As a fundraiser for Maine Association of Community Theaters and as a warm-up for their representation for the AACT Regional Festival in Merrimac, N.H., The Open Book Players will be presenting "Worlds Afire," ...
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News of record
Arrest - Shelley Netter, 39, of 842 Jefferson Ave., was arrested on a warrant charging theft; 11:40 p.m. Friday.
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A Daily Newspaper Editor Dishes Out the Virtues of Hallowell
When you live in a town that is both as picturesque and as historic as Hallowell, it's not unusual to harbor strong opinions.
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Maine Merchants Association Elects Board Members and Officers...
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Dionis Elizabeth Phelan
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Country group will honor Maine musicians
The Maine Country Music Association will hold its 26th annual Country Music Awards Show Sunday, Oct.
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View a List of Some Area Events on-Line.
Have activities you'd like our readers to know about? Please contact the news dept.or mail your news release to: The Times Record, P.O. Box 10, Brunswick, ME 04011.
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Meet the barbershop quartets
D8 The Shiretones Barbershop Quartet will joined by two wonderful groups during the Shiretone's annual fall concert on Oct.
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Harbor Committee Meets With Marina Partner
Twin Villages Condominiums and Marina representative Tom Federle apologized to members of the Joint Harbor Review Committee for his previous lack of communication and involvement.
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Plan clears decks while juniors test
In an effort to boost standardized test scores, administrators are considering a plan that would give high school juniors the entire buildings to themselves when testing gets under way next month.
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Pumpkin carvers pursue world record
Pumpkin goo. Gotta love it if you want to help Camp Sunshine break the Guinness World Record for lit jack-o-lanterns at its Maine Pumpkin Festival on Saturday, Oct.
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All in a day's work: local shelter gets extreme makeover
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Former nursing home to become Alzheimer's facility
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Loved one lost: When dementia leads to wandering
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Slaunwhite rallies to win Peterbilt 250
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North Haven celebrates new school
NORTH HAVEN : North Haven Community School students will start school Monday, Sept.
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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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