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MN Divorce Buyout in Minnesota

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 Minnesota, 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 MN :
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
Hackensack Hartland Hibbing Holmes City
Hallock Hastings Hill City Holyoke
Halma Hawley Hillman Homer
Halstad Hayfield Hills Hope
Hamburg Hayward Hinckley Hopkins
Hamel Hector Hines Houston
Hampton Henderson Hitterdal Hovland
Hancock Hendricks Hoffman Howard Lake
Hanley Falls Hendrum Hokah Hoyt Lakes
Hanover Henning Holdingford Hugo
Hanska Henriette Holland Humboldt
Hardwick Herman Hollandale Huntley
Harmony Heron Lake Holloway Hutchinson
Harris Hewitt

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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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