Lebanon, 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
| Lebanon, Maine News |
Man injured when ATV goes off bridge
LEBANON : A 32-year-old man from Sanford was injured after he lost control of the ATV he was driving and went over the over the side of a Lebanon bridge into the water on Tuesday.
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Halloween open house
Costumed children had a chance to meet their town's rescue volunteers in Lebanon, Maine, Oct.
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Helmet Possibly Saved Life Of ATV Rider
Law enforcement officials say a helmet may have saved the life of a Maine man whose ATV tumbled 15 feet from a bridge in the town of Lebanon.
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25-year anniversary for Eastern Propane employees
Eastern Propane & Oil would like to recognize three employees for reaching 25 years of service with the company this year.
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Veterans Day a " What's open and closed
Town offices, the Alton Central School and Prospect Mountain High School are closed Tuesday, Nov.
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Polling hours in Sanford, Acton, Lebanon
ACTON : The polls in the town of Acton will be open from 8 a.m. a ' 8 p.m. on Tuesday, Nov.
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One hospitalized after Lebanon accident
Traffic had to be rerouted after a two-vehicle accident shut down Carl Broggi Highway - Route 202 - Friday night.
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District 144 house race offers youth versus experience
ACTON : Joan M. Nass, incumbent Maine House District 144 representative, Republican: [0] a P.O. Box 174, Acton a 65 years old a married, two children a York County Community Action board of directors member a ...
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Lebanon Community News
LEBANON : Staff Naturalist Steve Abatiell of Ferry Beach Ecology School in Saco asks Lebanon second graders if they can tell the difference between a fresh water marsh, like the vernal pool in the background, ...
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State Police Investigating Deadly Overnight Crash
State police are investigating an overnight accident that left one person dead. The Lebanon Rescue department, Fire department and State Police responded to River Road in South Lebanon, about a quarter-mile ...
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Hampton police log
9:08 p.m. - Zachary W. Strickland, 19, of Pembroke charged with reckless operation and disobeying an officer.
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Wells police log
No bail was allowed and he was transported to the York County Jail. 12:33 a.m. Gerald A. Phillips, 37, of Hermon, was summonsed on Route 1 and charged with failure to register a vehicle for more than 150 days.
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Lebanon Rescue Dept. planning Halloween open house
LEBANON, Maine - The Lebanon Rescue Department invites your family to our 5th annual Halloween open house at the Rescue Station located on Route 202 in South Lebanon.
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Arundel mosquitoes test positive for EEE
A pool of mosquitoes in Arundel has tested positive for Eastern Equine Encephalitis, according to the Maine Center for Disease Control and Prevention.
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Columbus Day holiday: Municipal offices closed, trash pickup changes
Town offices and the transfer station will be open Oct. 13. Alton Central School and Prospect Mountain High School will be closed Oct.
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Lebanon News
LEBANON : Ladies Circle flea market The West Lebanon Community Ladies Circle will hold a flea market on Saturday, Oct.
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Lebanon Community News
LEBANON : Protecting the kids Acting in response to a case of eastern equine encephalitis confirmed to be the cause of death of a horse on River Road on Sept.
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AspenCross Financial Group Announces New Hires...
Portland, ME - AspenCross Financial Group recently announced the appointment of 7 new financial representatives.
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Search Suspended For Missing ATV Driver
Maine Wardens suspended the search for a missing all terrain vehicle driver in Lebanon early Friday morning.
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Missing Lebanon ATV rider found dead
LEBANON : A 50-year-old Lebanon woman who was reported missing on Thursday after she did not return from an ATV ride was found dead this morning in a gravel pit off of River Road in Lebanon.
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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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