Ojo Caliente, 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
| Ojo Caliente, New Mexico News |
Let Off Some Steam in N.M.
Finding yourself in hot water takes on a whole new meaning in the high desert of New Mexico.
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NM woman gives toddler sippy cup of beer
State police have arrested a woman who filled her 18-month-old daughter's sippy cup with beer and gave it to her in front of undercover narcotics agents, according to court records.
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New Mexico State Police charged an Ojo Caliente man with attempted murder in connection with an Aug.
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Albuquerque: Movie Set Travel: Hamlet 2
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Renowned Health Resort Offers Hot Summer Travel Getaways
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Getting Away From It All in Ojo Caliente
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Council bears down on budget plans
"GRT (Gross Receipts Taxes) revenues are projected to decline approximately 5 percent in FY 2009 as federal funding for LANL becomes tighter." Earthquake ripples through local conference SANTA FE Earthquake professionals attending an annual meeting here were not surprised to find their favorite subject leading national news reports around the country ... via Los Alamos Monitor
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More people in New Mexico on food stamps
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Rodarte quits job as Cibola probate judge
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Firefighters brace for wind in central, southern N.M.
Crews in central and southern New Mexico are bracing for strong wind and hot temperatures this weekend amnthey battle two wildfires. via Alamogordo Daily News
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NM approves loan for June 3 primary
"The public expects fair and accurate election results in a timely manner as they should." The state Board of Finance on Tuesday approved an emergency loan of up to $595,300 to help Secretary of State Mary Herrera cover expenses for the upcoming June 3 primary election. via Las Cruces Sun-News
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PRC member Sandy Jones to field questions
Sandy Jones, vice chairman of the New Mexico Public Regulation Commission, will be available from 4 to 7 p.m. Wednesday to hear from local residents. via Las Cruces Sun-News
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Rocky Mountain region's immigration twice the national rate
The Rocky Mountain region saw an influx of new immigrants from 2000 to 2005 that was twice the rate of the nation. via New Mexico Business Weekly
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Standardized tests lost en route to scoring service
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National experts review data on coal-bed methane
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Government secretly exhumes bodies after looting at NM cemetery
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The Things We Do in the Big and Wild
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Fire risk still high as drought conditions continue
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Wallace an - outstanding woman'
"I am very pleased for her and want to congratulate her on this great honor." State weighs meadow mouse recovery plan An upcoming meeting of the New Mexico Fish and Game Commission will consider adopting a recovery plan for two small rodents listed as endangered under the Wildlife ... via Los Alamos Monitor
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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