Hiram, 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
| Hiram, Maine News |
Oxford County arrest log
The following arrests were recorded at the Oxford County Jail: Rodney Shane Englehaupt Jr., 21, of Oxford, Oct.
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Warden Service Looking For Missing Man
Members of the Maine Warden Service are out in boats on the Saco River looking for a 33-year-old man.
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Bangor, Maine Wvii Abc 7 and WFVX Fox 22
Authorities have confirmed a body pulled for the Saco River near the southern Maine town of Hiram is that of 33-year-old Stephen Hawkes of Baldwin.
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Wardens search river after man goes under
Game wardens searched the Saco River on Tuesday night after a Baldwin man disappeared beneath the water during an afternoon swim.
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Bangor: Panel fills 2 education posts
The school committee hired a new assistant superintendent Tuesday night during a meeting at City Hall.
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Ben's back
Local musician Ben Hammond showcases new album at Stone Mountain Alec Kerr - It can never be said that musician Ben Hammond isn't loyal to where he grew up.
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'[Reasonably] Honest,' unreasonably versatile
BROWNFIELD : Ben Hammond will be making a homecoming when he takes the stage at Stone Mountain Arts Center in Brownfield June 10 to celebrate the release of his first CD, "[Reasonably] Honest." [0] Born in ...
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Oxford County arrest log
The following arrests were recorded at the Oxford County Jail: Kevin Glenn Levesque, 18, of Oxford, May 12, violation of bail conditions, two counts, no bail listed as of May 16, Oxford Police Department.
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Painted Lakes
"I think the lesson to be learned from this material is that previous generations were intent on promoting all of Maine as a resort state with great quality, clarity, and ingenuity" Maine's inland waters once provided a powerful, and colorful, draw for visitors. via Down East
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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 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.
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