Alberton, 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.
Return to divorce buyout in the state of MT
| Alberton, Montana News |
Frenchtown Fire asked to consider contract staff
He said privatization is working well in areas like West Yellowstone and a few communities in both Idaho and Oregon.
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Red Ribbon Week in Superior
More than 50 Superior Elementary students sat mesmerized in the Superior Elementary gym Friday morning as they watched an old television news report chronicling the fate of a child their own age whose life was ...
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Public Record for Monday, November 3, 2008
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Steel bridge rehab planned across state
The Montana Department of Transportation is seeking comment on a proposal for routine inspection and rehabilitation of several steel bridges in the state.
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Community Briefs for Oct. 14, 2008
Everyone is invited to the 9th Annual Stella's Harvest Dinner, sponsored by St. Albert the Great Catholic Church Altar Society.
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House District 14: Gordon Hendrick
House District 14: Gordon Hendrick and Cindy Grimm Sunday, October 05 2008 @ 08:36 PM MDT Contributed by: Admin by John Q. Murray House District 14 pits a popular, experienced, hard-working public servant, ...
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Community briefs for Sept. 30, 2008
Local candidates will speak in a candidate forum sponsored by the Clark Fork Chronicle at the Superior High School multipurpose room on Wednesday, Oct.
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Chronicle switches to Tuesdays
The Clark Fork Chronicle is changing its publication date to Tuesdays starting Sept.
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Hylton enters pleas in vehicular homicide charges
The charges carry a maximum penalty of 80 years in prison and $200,000 in fines.
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Drama on the Oval - Enthusiastic audience thrills to Shakespeare in the Parks
Actress Abbey Siegworth plays a scene from Shakespeare's "All's Well That Ends Well" Tuesday evening in front of a crowd on the Oval at the University of Montana during a Montana Shakespeare in the Parks ...
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After recent tragedies, time to change attitudes on alcohol
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Legal Notices for Aug. 28, 2008
Mineral County Planning Board Public Hearing Sept. 15, 2008 Public Hearing on the Growth Policy for Mineral County , Towns of Alberton and Superior Request for Proposals Mineral County Challenge MINERAL COUNTY ...
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Woman accused to trying to drown her child pleads not guilty
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Warrants still out in Alberton assault case
Two Alberton men with warrants out for their arrest were still at large Monday in an Alberton assault case.
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One hurt in crash near Alberton
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Sheriff $300,000 over budget
The Mineral County Commissioners have been working overtime the past week to try to cut down the county's general fund budget after learning that the county is several thousand dollars under budget for the ...
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Please stop threatening Huson family named in my story
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First court appearance for men accused of assault
Three Missoula County men made their first appearances in court Wednesday, July 13 in front of Judge John Larson in an Alberton assault case.
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River Edge celebrates 6th anniversary with Customer Appreciation Days
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Great Falls man charged in fatal crash
A 39-year-old Great Falls man has been charged with vehicular homicide for an Interstate 90 collision that killed an Alberton man.
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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