|
|
Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
|
|
|
West Baldwin, 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
| West Baldwin, Maine News |
Budget Blinds- South Western Maine
We carry high-quality, affordable window coverings including blinds, shades, shutters, draperies and home dA©cor accents.
|
Budget Blinds- South Western Maine
We carry high-quality, affordable window coverings including blinds, shades, shutters, draperies and home dA©cor accents.
|
Bangor: Panel fills 2 education posts
The school committee hired a new assistant superintendent Tuesday night during a meeting at City Hall.
|
Help grow the Hope Volunteer Fire Department building fund with purchase of daylilies
HOPE : Bill Warman and the Maine Garden of Organic Day Lilies are selling gift cards to benefit the Hope Volunteer Fire Department's building fund. via Village Soup
|
Legislature Approves Statewide Building Code
"We're not looking to make homes the most efficient possible far from it" The Legislature has approved a statewide building and energy code that will require communities of over 2,000 in population to enforce the standards, starting in 2010. via Lincoln County News
|
Collision Shuts Down Portion Of I-295
Maine State Police said the northbound lanes of Interstate 295 near Falmouth have been closed due to a motor vehicle collision. via WMTW-TV Auburn
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
|
|
|
|
|
|
© 2006 Somerset Investors Corp. All rights reserved. |