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Alzada, 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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Alzada, Montana News
Montana road project figured into lobbyist's arrest

A rural road in southeastern Montana has become entangled in the long-running Jack Abramoff scandal, factoring into the arrest of a Washington lobbyist last week.


Hail storms hit southeast Montana

Storms that ripped through southeastern Montana and northern Wyoming late Monday afternoon left ruined crops, damaged buildings and pitted vehicles in it wake.


RECORDS

CLARK/CABALLERO - Twin daughters born Thursday to Kimberly Clark and Mario Caballero. via Great Falls Tribune


MSGA handicap fees support junior golf, college programs

"Hopefully, people will see that as a way to support MSGA and especially to grow junior golf"

The Montana State Golf Association will conduct its annual spring meeting Saturday in Bozeman, and one of the key issues on the agenda is handicap service and the best way to provide it to our state's male and ... via Great Falls Tribune


Fatal head-on collision on Highway 212

The Montana Highway patrol is investigating a head=on accident last night near Lame Deer that killed two women. via KRTV


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