Beaver, 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
| Beaver, Oregon News |
Boy whose arm was severed in doryboat accident undergoes fourth surgery
Cole Ortega , right, at his home with friends Jackson Ward , left, and Lucas Wachs looking on, plays ping pong after a physical therapy session near his home in Bend in September.
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Soup
It's definitely time to go over the fall checklist: fresh cord of firewood Duck or Beaver fleece blanket intelligent yet juicy novel soulful yet saucy CD bowlful of something hot, hearty, a little spicy and a ...
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Coming attraction: your home movies
Rob McIlwain, with some 1956 vacation footage of Bainbridge Island, Wash., collects old film and takes special interest in home movies.
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Italy trip casts Oregon drivers in good light
It was somewhat ironic to return home this week to find Oregon's media headlining stories on traffic fatalities on city streets and law-enforcement blitzes on state highways.
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Surfer Struck by Dory Fishing Boat Loses Arm at Pacific City Beach
The victim, Cole Ortega of Bend, had been surfing with his 16-year old sister and her boyfriend.
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Teen surfer loses arm in collision with boat
Those who witnessed a 14-year-old surfer lose his arm in a collision with an incoming dory off Cape Kiwanda say the accident resulted from a series of unfortunate circumstances in a spot with increasingly heavy ...
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Teen's arm severed in surfing accident
A 14-year-old boy from Bend underwent emergency surgery Sunday to reattach his arm after a surfing accident in Pacific City.
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Two surfers recount dory collision that severed arm of teen
Two surfers who witnessed the collision of a teenager on a surfboard and an incoming dory Sunday morning at Pacific City described it all as the tragic outcome of a convergence of events.
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Teen surfer's arm cut off by boat
A boat collision amputed the arm of a Bend teen surfing at Cape Kiwanda, according to Oregon State Police and the Tillamook County sheriff.
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Keizer pair, freed from jail, drop out of sight
"They win if they never get caught" A Keizer couple convicted of growing too much marijuana in their home is being sought after being mistakenly freed from jail, officials said. via Statesman Journal
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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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"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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