Bay City, OR Divorce Buyout in Oregon
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 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
| Bay City, Oregon News |
Mayors joint winners of league of cities award
Hillsboro Mayor Tom Hughes and Beaverton Mayor Rob Drake have been named joint winners of the James C. Richards Memorial Award for 2008 by the League of Oregon Cities.
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Bay City Man Appears In Federal Court on Charges of Mailing Threatening Communications
David Albert Groves, 48, of Bay City, Oregon, appeared before U.S. Magistrate Judge John V. Acosta today on a complaint charging him with mailing a threatening letter containing a simulated biological agent.
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Taste of Tillamook County Floods Oregon Coast with Music, Food
The Taste of Tillamook County festival is approaching, a culinary event showcasing the bounty of the county known for its cheese and dairy products, as well as stunning coastal and near-coastal scenery.
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Oregon Coast Food Fest Pays Homage to Deceased Paul deLay
The Taste of Tillamook County has a history of featuring superb musical talent and this year was to be no exception.
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Outdoor Seafood Market Begins, Adds Flavor to North Oregon Coast
It's the perfect opportunity to take in the atmosphere of a real coastal fish market, complete with the salt air, Pacific breezes and the lull of lapping waves, while snagging some of the freshest seafood ...
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Oregon Coast Damage 'Worse Than Columbus Day Storm'
One coastal resident described it as "worse than the Columbus Day storm" and looking "like Hiroshima out there." With gusts over 100 mph, trees down everywhere you look, power out along almost the entire ...
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Oregon Coast Dining: Eating Your Way Through Manzanita, Nehalem, Rockaway
Oregon's north coast presents some of the best restaurants and dining possibilities along the entire shoreline.
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Ore. man admits sending simulated anthrax to federal offices
"I'm going to kill as many of you ... as I can" A Tillamook County man has admitted sending numerous threatening letters containing fake anthrax powder to state and federal government offices over a period of nearly three years, federal court papers released ... via KGW-TV Portland
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OREGON: Man Admits Sending Simulated Anthrax Letters
A Tillamook County man has admitted sending threatening letters containing fake anthrax to government offices over a period of nearly three years. via KVEW-TV Kennewick
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Cinco de Mayo at the coast - really
Posted by LeeAnn Neal - Community Blogger April 24, 2008 16:34PM Categories: Events Armonia Latina, as seen on a concert poster. via Oregonlive.com
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Northern Coast 10-digit Dialing Goes Into Effect for Residents
"With people already being used to dialing ten digits on their cell phones, I'm optimistic this change will go smoothly" The 14 coastal exchanges to join the 503/971 area code overlay in 2008 are Astoria, Cannon Beach, Seaside, Warrenton, Bay City, Beaver, Cloverdale, Garibaldi, Pacific City, Rockaway, and Tillamook and Nehalem. via Salem-News.com
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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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