Litchfield, 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
| Litchfield, Maine News |
Children's author to speak on story-writing
Maine children's author, Sarah P. Gibson of Chebeague Island, will visit Carrie Ricker Middle School in Litchfield on Friday, Nov.
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Maine State Police train for, train others on school safety
AUGUSTA : The following information was compiled Nov. 6, by the Public Information Office for the Maine Department of Public Safety: Last weeka s school hostage incident at Stockton Springs Elementary School ...
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Turnpike closes Lewiston plaza
The Lewiston service plaza at mile 83 in the southbound lane of the Maine Turnpike was permanently closed Tuesday morning.
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Service Plaza Changes Coming To Maine Turnpike
The Maine Turnpike is losing two service plazas, but the overall result will be a gain: a larger service plaza will be opening to take their place.
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Third time's the charm for Sabattus school budget
It took three tries, but Sabattus voters passed a school budget Tuesday by a vote of 156 to 95.
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Looking back
A new insect pest has appeared and is doing tremendous damage. It is a green worm about half an inch in length and has a special fondness for maple, beech and oak trees.
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Asphalt prices delay roadwork
The skyrocketing price of liquid asphalt is causing the Maine Department of Transportation to suspend the paving of about 85 miles of state roads that was scheduled to begin this fall.
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Power struggle
BREAKOUT>>>> Who: Central Maine Power Co. What: Public meeting on the Maine Power Reliability Program When: Sept.
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School reorganization hearing attracts few
A handful of residents turned up for a public hearing Wednesday night at Oak Hill High School on the proposed reorganization of School Union 44 -- which serves Litchfield, Sabattus and Wales -- into a regional ...
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Governor Baldacci Awards Six Students State Police Memorial Scholarships
AUGUSTA – Governor John E. Baldacci congratulated six students from around Maine for being awarded State Police Memorial Scholarships.
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No charges filed in slaying of fowl
For Amy Tremblay the loss of more than 100 young chickens and turkeys was terrible.
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Lightning fire destroys Maine barn
Lightning is blamed for a fast-moving fire that destroyed a barn in Litchfield. Tom Campbell said he was working near the barn when lightning struck Sunday and quickly engulfed his barn in flames.
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View a List of Some Area Events on-Line.
The American Red Cross will be holding blood drives in the Mid-coast area during the month of June on the following dates and locations: - June 2 , Holy Trinity Church, 67 Frost Hill Ave., Lisbon Falls, 2 to 7 ...
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Last two nuns retiring from St. Michael
In 1957, Sister Rachel Boucher stood before her first class of children at St. Andre's School in Biddeford.
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Rines: 'I'm the stronger underdog'
Brian Rines, who was mayor of Gardiner for 14 years, wants to give it a second try against Sen.
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Campers converge
Good Sam Club campers started arriving Tuesday for the annual Farmington spring Samboree to be held Friday through Sunday at the Farmington Fairgrounds.
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Sixteen children in 'Charlotte's Web'
The Open Book Players will present the classic children's story "Charlotte's Web" Saturday and Sunday, May 17-18, at Johnson Hall. via Sun-Journal
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Loving Your Lake House
"We have one rule: There are no rules" Virginia Wright shares tips on making the most of your cottage or camp. Virginia Wright In the June 2008 issue of Down East, Virginia Wright gave us " 12 Ways to Love Your Lake House." Here are three more tips ... via Down East
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Dresden Overdue for Public Safety Improvements
"We're being as transparent with you as we can. One hundred dollars per square foot is not a lot of money" John Ottum opens the meeting It's time for Dresden, one of Lincoln County's fastest growing towns, to have a new fire station. via Lincoln County News
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Kittery woman killed in Route 236 head-on crash
"It's been awhile since we've had a fatality here" A young woman from Kittery was killed Monday morning when her car collided head-on with a tractor-trailer truck on Route 236. via The Citizen
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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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