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Divorce Buyouts
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Allegany, OR Divorce Buyout in Oregon
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 Oregon, 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 OR
| Allegany, Oregon News |
Reedsport, Allegany tours offer variety
This garden is on the West Fork of the Millicoma River is one of many featured in the Treasures of Allegany tour Aug.
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Rare snowfall dazzles South Coast
Police warn of icy road conditions Snow jog and dog After wet snow fell in the Bay Area Sunday morning, Jay Farr and his dog took a jog through Mingus Park. via The World
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Snow may continue for a few days
"If there is a nice coating of snow going into the evening, I would expect the slushy snow could freeze and be a problem in the overnight and into the morning" The snow came a bit early. The National Weather Service issued a snow advisory at 4:24 a.m. Sunday that South Coast residents could expect snowy conditions after 8 p.m. Forecasters quickly added updates and ... via The World
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Ice leads to crashes
Icy road conditions led to six accidents on New Year's Eve morning, four on Coos River Highway and two on U.S. Highway 101. via The World
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A breath of fresh air
"If you've ever wondered what the wind felt like, how the wind would feel about things, you become that. You feel all the turbulence. You feel the calm, the serene, because you are the wind" Hauser resident Robert Raper, 58, inflates "Independence" during the Albuquerque International Balloon Fiesta, last month. via The World
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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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