Temple, 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
| Temple, Maine News |
Man loses dog, cat, belongings in fire
People keep telling Ryan Amero he should be thankful that he wasn't inside his home on Varnum Pond Road when it caught fire Tuesday afternoon.
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Board questions water rate hike
A proposed increase in water rates has prompted selectmen to schedule an extra meeting to question the need for it.
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That's what that is: 'Down there'
I most indeedy do. But I do understand when my clients shrink back in horror when I ask to see their ... basement.
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Hearings set on schools merger
Hearings have been set on a proposed school consolidation that would unite 16 communities into one school system if voters approve the measure on Nov.
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School consolidation plan going to voters
A revised plan that would consolidate 16 communities into one school system has been approved by the state commissioner of education and will go to voters on Tuesday, Nov.
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Drugs found during arrests in Wilton
Police responding to a reported violation of a protection order on Friday made two drug arrests, said police officer Rick Billian.
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Clay play makes for sticky fun at Wilton Blueberry Festival
A tarantula! A dolphin! A bald eagle! A fish! A frog! All were ideas children named as they sat down in front of 25 pounds of clay.
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Heirlooms of Tomorrow acquires art cooperative
Heirlooms of Tomorrow owners Dan and Janice Maxham will acquire SugarWood Gallery on Broadway as of July 1. "It's a great opportunity to keep a local outlet for local talent," Dan said Friday about the purchase ...
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Driver critical after crash
A Temple driver was critically injured Monday evening when his car crossed the center line on Route 2 in East Wilton and struck a tractor-trailer, police said Tuesday.
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Bjorn, York land Rotary honors
Richard Bjorn and L. Herbert "Bussie" York, both of Farmington, are this year's recipients of the Farmington Rotary Club's 10th annual community service awards.
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Wednesday - May 28, 2008
Author Jeff Shaara. Lani Temple's BBQ Baby Back Ribs. First District Congressional Candidate Chellie Pingree.
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Maine Silver Star
Kenneth Jones, Sr., of Temple was honored during Monday's Memorial Day service at the American Legion Post #28 in Farmington.
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Ruth May (Going) Smith
Ruth May Smith, 91, a resident of Temple, formerly of Kennebunk, who died Dec. 17, 2007, will have public graveside services at 1 p.m. Tuesday, May 27, at Hope Cemetery, Kennebunk.
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Dates, times of school budget votes vary
School officials in Franklin and northern Androscoggin counties are gearing up for two votes to approve proposed 2008-09 budgets. via Sun-Journal
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Teacher pay hikes discussed in SAD 9
"I do support pay increases, but at this financial crisis time it just doesn't seem feasible" A teacher pay increase for the next school year was the top discussion item for SAD officials on Tuesday. via Sun-Journal
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Buxton Planning Board Approves Buddhist Temple
Two years after they proposed to build a Buddhist temple on a rural road in Buxton, members of Maine's Cambodian community have finally gotten approval from the planning board. via WCSH-TV Portland
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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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