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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Elephant Butte, NM Divorce Buyout in New Mexico
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 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
| Elephant Butte, New Mexico News |
Las Cruces police capture one of "America's Most Wanted"
A man featured on a Web site for the TV show "America's Most Wanted" was arrested Tuesday at Elephant Butte Lake State Park.
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21st annual Festival of the Cranes offers array of activities
Sandhill Cranes have begun to arrive at Bosque del Apache National Wildlife Refuge near Socorro, NM, for the 21st annual Festival of the Cranes Nov.
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Spaceport Still On Track Despite Lack Of Support In Otero County
New Mexico's Spaceport will not be funded in part by taxes from Otero County. Voters decided against a tax that would have helped pay for it.
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Body found at Elephant Butte
Investigators are trying to identify the body of a man who was found Sunday near the east shore of Elephant Butte Lake.
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Decomposed body washes up on Butte banks
A decomposed body washed ashore on the beach at Elephant Butte Sunday afternoon.
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Rock fall in tunnel closes Highway 70 in the Feather River Canyon
Joshua Sebold Staff Writer 10/12/08 A section of Elephant Butte Tunnel in the Feather River Canyon collapsed late Saturday night, leading to two minor car crashes.
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Hwy. 70 through Feather River Canyon to be closed
Highway 70 through the Feather River Canyon will be closed one night next week while Caltrans crews do maintenance work on the Elephant Butte tunnel.
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San Luis Valley streamflow
Streamflows in the Rio Grande River have suffered mightily from the lack of rain over the summer.
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Duane Kinsley finds entrepreneur's life a real sport
Duane Kinsley is on top now. In July he bought out Art Gardenswartz, the biggest name in Albuquerque's retail sporting goods business.
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New Mexico Best Western rebrands as Magnuson Hotel
Magnuson Hotels, the world's largest independent hotel group, announced today the complete rebranding of the Hot Springs Inn Magnuson Hotel.
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Breached arroyo causes flooding in Rincon
A breached arroyo in Rincon led to some flooding in the community this morning, said a Dona Ana County flood official.
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buggs added the blog post 'First leg of Monticello'
Ditch and I rode to Elephant Butte and met with LC4Dakar at exit 83. We then rode to Monticello and were looking for some of the other guys, but we did not find them.
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Crime Stoppers offering reward
Las Cruces Crime Stoppers is offering a reward of $2,000 for information leading to the person who set fire to a a piece of drainage equipment, between the communities of Mesquite and Vado.
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Balloons float over Elephant Butte
If you love hot air balloons and water sports, get ready for fun at the 28th annual Elephant Butte Balloon Regatta from 6 a.m. to 2 p.m. Saturday and Sunday at Elephant Butte Lake State Park near Truth or ...
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Wrong-way collision with semi kills 1
A driver is dead following a wrong-way crash on Interstate 25 near Elephant Butte Monday morning.
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Sound Off
Perhaps you don't realize it, but you have the constitutional right in this country to wear any religious medal or symbol you wish, so far.
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Lopez, Jones headline second New Mexico Shootout
Top female golfers will return to the state for the second New Mexico Shootout on Sept.
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Seven homes flooded in Dona Ana County
Seven homes in Dona Ana County have been damaged due to flooding after an irrigation ditch overflowed its banks north of Las Cruces.
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Seven homes flooded in Dona Ana County
Seven homes in Dona Ana County have been damaged due to flooding after an irrigation ditch overflowed its banks north of Las Cruces.
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Seven homes flooded in Dona Ana County
Seven homes in Dona Ana County have been damaged due to flooding after an irrigation ditch overflowed its banks north of Las Cruces.
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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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"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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