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Ashland, 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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Ashland, Montana News
Tribal officials to be sworn in

Newly elected Northern Cheyenne tribal officials will be sworn in on Monday. The events begin at 9 a.m. with a parade on Cheyenne Avenue in Lame Deer.

Northern Cheyenne elects new tribal president

Members of the Northern Cheyenne tribe elected a new president and vice president on Tuesday.

Ex-tribal leader in running again

Northern Cheyenne Indian Tribe members voted to give ousted president Eugene Little Coyote another run at office.

Rural co-ops confident coal-fired plant will be built

Rural electric cooperatives hoping to construct a coal-fired power plant east of Great Falls expressed confidence Wednesday that the project will go forward despite financing, legal and environmental ...

Ex-Ashland man gets prison for sexually abusing 6-year-old

Senior U.S. District Judge Jack Shanstrom on Wednesday sentenced Mervin Leroy Small, formerly of Ashland, to five years in prison for sexually abusing a minor.

Plea change in Ashland murder case

An Ashland man changed his plea to guilty on Thursday for his role in helping another man cover up a murder.

Stormtracker Travelwatch


Q's idea of news

It was a step forward WASHINGTON - Scientists unearthed a skull of the most primitive four-legged creature yet found on Earth, which should help them better understand the evolution of fish to advanced land ...

Montana school searches for missing bison

ASHLAND, Mont. - Talk about fast food: One school is searching for more than 130 bison that wandered away from its lunch program.

Board votes to appraise Otter Creek coal tracts

HELENA - The state Land Board voted unanimously Monday to move forward with an appraisal of the state-owned Otter Creek coal tracts in southeastern Montana.

Montana coal leases to be offered by end of year

"It's not a missed opportunity"

BILLINGS - Leases on vast state-owned coal tracts in southeastern Montana will be offered for bid by the end of the year, but possibly not in time to fulfill an investment bank's request for an expedited ... via Great Falls Tribune

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