Ogunquit, 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
| Ogunquit, Maine News |
Wells restaurant honored for fundraising work
Mike's Clam Shack in Wells was honored for supporting the Wells-Ogunquit C.S.D. as owner Mike McDermott received the 2008 MSBA Business Friend of Education Award from the Maine School Boards Association.
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Family Vacations: Ogunquit
"Family Vacations: Ogunquit." 23 April 2007. HowStuffWorks.com. 20 November 2008.
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Ogunquit dog rules should be obeyed
We understand the trepidation with which Ogunquit's town officials are handling an amended dog ordinance there.
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Ogunquit considering municipal office campus
If the Building Needs Committee gets its way, the town's operations will be centered at a renovated Dunaway Center and Ogunquit Village School building in the future.
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Another shot at consolidation
The School Committee will tackle the familiar issue of statewide school consolidation tonight, with a discussion on big-ticket projects also in the works.
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Grey Gull Inn in Wells to sell at auction
For the last 23 years, Ogunquit residents Donna and Gordon Lewis have operated the landmark Moody inn and restaurant known as The Grey Gull, offering great dining and cozy accommodations to residents and ...
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Playing dress up with costume designer Maura Suter
It's Maura on the phone vying for airspace with a crying baby. "Call you later." It's Maura, later, back for the phone interview, the sound of her working sewing machine humming softly in the background.
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Ogunquit Town Column and#8212; Nov. 13
OgunquitFest was once again a great success. We had wonderful days and beautiful foliage and the fabulous scarecrows were a delight.
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Ogunquit hires consultant for town manager search
The Town of Ogunquit has engaged the services of Yarmouth-based personnel consultant Mike Wing to aid in its search for a new town manager.
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York area holiday fairs
Christ Church in Kennebunk will hold its annual Pine Cone Fair from 9 a.m. to 2 p.m. This year's event will have some new features, including a lobster and corn chowder luncheon, and specialty holiday wreaths ...
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Wells Town Column and#8212; Nov. 6
Hi everyone! Have you all had a good week? Did you get lots of trick-or-treaters on Halloween? Here at Stephen Eaton Apartments, we didn't even have one visitor.
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Trolley ridership keeps increasing
In its third year of operation, the Shoreline Explorer network of trolleys and busses reported ridership of 63,353 - up 5.4 percent over 2007 and 42 percent over its start-up year .
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Ogunquit's history preserved in series of taped interviews
A project under way in Ogunquit is seeking to preserve the unique history of the town and the lives of its many iconic residents.
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Ogunquit voters approve $3.1 million budget
Ogunquit voters were in a generous mood Tuesday, as they approved all but one of 46 warrant articles on the town ballot.
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'Return on Life' Vacations - New Virtuoso Concept
A new travel experience, a Virtuoso Concept dubbed 'Return on Life,' is building on this new trend.
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Ogunquit police log
10:15 p.m. Jacob Marsh, 19, of North Berwick, was issued a summons and charged with illegal possession of liquor by a minor.
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Ogunquit Town Column and#8212; Oct. 30
Recently we received a schedule for the Ogunquit Women's Club meetings for 2008-09 and it is certainly going to be an interesting year.
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Thieves enter country club in York through rooftop cupola
Police from York, Wells and Ogunquit on Sunday morning responded to a burglary at the Cape Neddick Country Club that involved a complicated break-in and an escape on a golf cart.
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Meadowmere claims first Bridge to Beach bed race title
The Ogunquit Chamber of Commerce celebrated its fifth annual OgunquitFest with the new Bridge to Beach Bed Race on Beach Street.
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Andrews facing Bowman in Maine state Senate race
Mary Black Andrews, R-York, is facing off against incumbent Peter Bowman, D-Kittery, in the race for Seat 1 in the Maine state Senate.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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