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Acton, MT Divorce Buyout in Montana

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 Montana, 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.

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Acton, Montana News
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Summer Van Hook became a meth addict in her hometown of Sidney at 14, after a girlhood in and out of foster care as her own mother battled dope.


Acton stabbing remains under investigation

Yellowstone County Sheriff's detectives are trying to sort out the details of a stabbing that occurred Wednesday night in a mobile home south of Acton.


Stabbing sends man to hospital

Yellowstone County Sheriff's deputies were investigating a stabbing Wednesday night in Acton that sent one man to the hospital.


Vic Miller's Commentary - May 29, 2008

My wife and I drove to White Sulphur Springs on Memorial Day and put flowers on the grave of my mother and other relatives who are buried at the cemetery.


Prison Break

"Since we noticed that they were gone so quickly, we are very hopeful."

Billings Law Enforcement is on a search for two women who escaped from prison Sunday morning. via KULR


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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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