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Anaconda, 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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Anaconda, Montana News
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Anaconda-Deerlodge commision to discuss land donation

The Anaconda-Deer Lodge County Commission will meet Tuesday to discuss a donation of land from Rarus Railway to the Anaconda Community Hospital.


Albert John 'Dempsey' Tuss

Albert John 'Dempsey' Tuss, 84, of Great Falls, a retired smelterman for the Anaconda Company, died of natural causes Friday at Peace Hospice.


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It has been an autumn to remember, whether you've been watching the weather or the financial news.


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Brace yourself ... Copper prices on the slide

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Woman pleads not guilty to brewery embezzlement

ANACONDA, Mont. - A woman accused of embezzling $19,000 from an Anaconda brewery and restaurant has pleaded not guilty to felony theft.


Anaconda author at Hastings today

J.T. Rosien, of Anaconda, will hold a book signing for his children's book "Uncle Jim's Magical Book" from 6 to 8 p.m. Friday, Nov.


Woman pleads not guilty to brewery embezzlement

ANACONDA, Mont. A woman accused of embezzling $19,000 from an Anaconda brewery and restauran4 has pleaded no4 guilty to felon9 theft.


Georgetown boat crash: Drug charges dropped against teacher

Walter Hinick / The Montana Standard Scott Lewis, left, and Robert Johnston appeared in Anaconda Justice Court Wednesday afternoon and both entered not guilty pleas to the misdemeanor charges of possession of ...


Comments flowing in on Upper Clark Fork cleanup project

The planning process for repairing mining damage to millions of acres between Missoula and Butte has slowed down after a vigorous public comment process.


Proposed logging project near Anaconda advances

State wildlife officials propose removing insect-damaged trees from the Mount Haggin area south of Anaconda.


Former superintendent sues Anaconda school district

A former superintendent has sued the Anaconda school district for refusing to pay for his health insurance after he retired.


Great Falls logo wins reprieve

It's a no-go on ditching the city's logo, Great Falls city commissioners decided Wednesday night.


Anaconda brewery theft suspect pleads not guilty

A woman accused of embezzling thousands of dollars from an Anaconda brewery and restaurant has pleaded not guilty to the charges in District Court.


Anaconda's 'Unofficial Ambassador,' Fay Najjar, is 'Woman of Distinction'

See the video here. Alycia Holland / for The Montana Standard montana standard publisher Janet Taylor addresses honorees, friends and family at the 2008 Women of Distinction banquet held Wednesday night in the ...


Gutche beats Mood for PSC; Molnar wins re-election

Former state legislator Gail Gutsche, a Democrat from Missoula, defeated Republican incumbent Doug Mood of Seeley Lake Tuesday for a seat on the state Public Service Commission.


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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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