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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.

Local divorce buyout directory for ME :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Sabattus Sebago Lake South Bristol Standish
Saco Sebasco Estates South Casco Steep Falls
Saint Agatha Sebec South China Stetson
Saint Albans Sedgwick South Freeport Steuben
Saint David Shapleigh South Gardiner Stillwater
Saint Francis Shawmut South Paris Stockholm
Salsbury Cove Sheridan South Portland Stockton Springs
Sandy Point Sherman South Thomaston Stoneham
Sanford Shirley Mills South Windham Stonington
Sangerville Sinclair Southport Stratton
Sargentville Skowhegan Southwest Harbor Strong
Scarborough Smithfield Springfield Sullivan
Seal Cove Smyrna Mills Springvale Sumner
Seal Harbor Solon Spruce Head Sunset
Searsmont Sorrento Squirrel Island Surry
Searsport South Berwick Stacyville Swans Island
Sebago

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