Aztec, NM Divorce Buyout in New Mexico
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including New Mexico, 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 NM
| Aztec, New Mexico News |
H.S. football poll, KRQE News 13/KASA Fox 2
ALBUQUERQUE It's back...The original poll that ranks New Mexico's very best teams regardless of class.
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County to consider varied agenda
San Juan County commissioners hold the first of their two scheduled September meetings at 4 p.m. today in the County Administration Building, 100 S. Oliver Drive, in Aztec.
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Bloomfield meets police chief hopefuls
Experience talks when it comes to police operations, and the four candidates vying for the chance to lead the Bloomfield Police Department have more than 75 years of law enforcement experience among them.
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Beware of falling goats
Entire books, television shows and Web sites are dedicated to bizarre animal behaviors, but few antics are as unusual or unexpected as this one: Brandi Smith's pet goat faints.
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First human West Nile virus case confirmed
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Mystery surrounds Medal of Honor recipient
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Teaming up to fight dyslexia: County leaders push for reading clinc
A pair of retired Park Avenue Elementary School teachers are working with San Juan Masonic Lodge No.
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Kidnapping charge dropped; teen rape case forwarded to state court
Rape charges against a 31-year-old Aztec man were forwarded to state district court Thursday after he waived a preliminary hearing on the condition a kidnapping charge be dismissed.
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Taste of Aztec' promotes local growers
The third annual "Taste of Aztec" is today at the Aztec Farmers Market in Westside Plaza.
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Valencia Co. man contracts West Nile
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County bike paths would cost millions
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Bloomfield moves forward with police chief search
The search for the next Bloomfield Police chief has narrowed to four candidates, including one internal applicant.
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-- Sex Charges Pile Up for Aztec Man
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Vying for top dog status: Canines strut their stuff for the judges
Two dozen four-legged contestants paraded into the arena Tuesday at the fifth annual dog show at the San Juan County Fair.
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Pre-Season Rankings: 4A
NMPreps: 4A Football Rankings NMPreps.com last sorted on 8/9/2008 4A 3A 2A 1A Discuss * Previous Ranking represents mid-summer ranking by NMPreps Team City State Record Pvs.
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Advising at East and West
San Juan College East in Aztec and West in Kirtland will hold advisement for students enrolling in the fall 2008 semester from 4 to 6 p.m., Thursday, August 14 .
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Joshua E. Bell
Joshua E. Bell, 22, of Farmington, died Aug. 2, 2008, in Farmington. He was born June 6, 1986, in Soldotna, Alaska, to Earl Allen Bell and Barbara J. Bell.
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Statistics unveil need for affordable housing
San Juan County Commissioners will debate the merits of applying for a $50,000 grant when they meet at 4 p.m. today in Aztec.
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Man who modeled for Rockwell's Boy Scout painting dies
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Supreme Court decides not to suspend Aztec judge
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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