|
|
Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
|
|
|
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 our divorce buyout page
| New Mexico News |
NM state forester urges fire prevention
State Forester Butch Blazer, as part of National Fire Prevention Week, is urging New Mexicans to be prepared for the next fire season.
|
N. M., Navajo Nation deal on capital projects
Gov. Bill Richardson says New Mexico has reached an agreement with the state Indian Affairs Department and the Navajo Nation that will clear the way for dozens of capital-outlay projects.
|
Foundation tracks state lawmakers
A conservative group is keeping count of how often New Mexico's lawmakers miss votes when the state Legislature is in session.
|
Southern New Mexico says adios to the 505 area code
Beginning today, many New Mexico residents will no longer be able to use the old area code to make long-distance calls, including everyone in southern New Mexico.
|
New Mexico gov gives pep talk to Minnesota Latinos
Democrat Barack Obama's campaign is ramping up its courtship of Latino voters in Minnesota and elsewhere, hoping the low-turnout group could be the key to victory in some states.
|
Desperate Republicans turns to desperate measures
THE base of the Republican Party - a dwindling but still significant group - clings to a handful of pseudo-facts that don't hold up to serious scrutiny but that still occupy a central place in GOP ideology.
|
New Mexico Race Surprisingly Close
In the race for New Mexico's open 2nd district that wealthy restaurateur Ed Tinsley has been widely expected to win, should he in fact be considered the underdog? Tinsley's Democratic opponent Harry Teague, and ...
|
Gritty drama to film in New Mexico
The state has landed another film production, and the governor's office says that means more jobs for New Mexicans.
|
NM appeals of planned coal plant's air permit
The New Mexico Attorney General's Office is appealing an air permit for a planned coal-fired power plant on the Navajo Nation in northwestern New Mexico.
|
New Mexico man loses round in smoking ban fight
Stephen Brown was so opposed to New Mexico's ban on smoking in public places that he got himself cited for lighting up in a Catron County bar just minutes after the new law took effect.
|
Financial crisis delays NM Senate campaign
Campaign workers for Republican Steve Pearce and Democrat Tom Udall are scrambling to reschedule appearances as a congressional vote on a financial rescue plan delays the final phase of the U.S. Senate race in ...
|
New Mexico Encourages To Make Flu Shot Appointment
The New Mexico Department of Health and New Mexico Influenza Vaccine Consortium encourage New Mexicans at higher risk of developing flu complications to protect themselves by making appointments with their ...
|
Solar Energy Developers Pick New Mexico
Two California solar energy developers have identified almost 21,400 acres of state trust lands in Luna, Hidalgo and Valencia counties as potential sites for utility-scale solar power plants.
|
Former Hilton housekeepers win back pay
Fourteen former housekeepers at the Sante Fe Hilton who claim they were fired for complaining about their working conditions have won $32,000 in back pay as part of a settlement, according to the Sante Fe New ...
|
First northern New Mexico business expo slated for October
The Espaola Valley Chamber of Commerce will hold its first Northern New Mexico Business Expo on Oct.
|
New Mexico Governor Bill Richardson Campaigns for Obama
With election day creeping closer, both the Obama and McCain campaigns are dispatching heavy hitters to drum up votes.
|
New Mexicans weigh in on debate
MEXICANS WATCHED THE GREAT DEBATE IN AN INCREASINGLY POPULAR STYLE - DEBATE PARTIES.
|
Richardson announces $2.8 million for river work
Some of New Mexico's major watersheds will get a boost from $2.8 million in capital outlay funding.
|
NM unemployment jumps in August
New Mexico's seasonally adjusted unemployment rate was 4.6 percent in August, up from 4.1 percent a month earlier, according to the state Department of Workforce Solutions.
|
NM encouraging residents to seek tax rebates
The state is trying to make certain that eligible New Mexicans receive their tax rebates.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|
|
|
|
|
© 2006 Somerset Investors Corp. All rights reserved. |