Beavercreek, 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
| Beavercreek, Oregon News |
Mabee, Nicita still too close to call
The race between Damon Mabee and James Nicita for a seat on the Oregon City Commission was too close to call as of 1 a.m. on Wednesday.
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Oregon City rejecting annexations
Oregon City voters again overwhelmingly rejected annexations on the east side of the city, slowing the process to develop two major projects and probably killing the likelihood of being home to the much-touted ...
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Art Openings, Events and Museums
Admission is free unless otherwise noted. events Open Studios of Beavercreek: Take a drive in the country and buy some art along the way.
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Beavercreek artists welcome the public
Along with the colors of autumn, come the discoveries of art in Clackamas County - it's time for Open Studios of Beavercreek, when 33 local artists in 14 different studios fling open their doors and show off ...
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Supporting libraries, but not the library district
I am a big supporter of public libraries. I understand the importance they have in our community.
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Appeal questions Oregon City annexation
A Beavercreek resident is appealing Oregon City's attempt to annex a tract of land designated as part of the Beavercreek Concept Plan that was defeated by voters in March and put back on the ballot for this ...
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Lead affects specific homes in Oregon City, Beavercreek and West Linn
A recent test of drinking water in the Oregon City, Beavercreek and West Linn areas indicated potentially dangerous levels of lead in the water in high-risk homes throughout the area.
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Horse killed in mysterious Clack. Co. shooting
CLACKAMAS COUNTY, Ore. Investigators are trying to figure out who fatally shot a 3-year-old horse while it was grazing in a Beavercreek-area pasture Sunday.
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Report of tornado near Oregon City unconfirmed
A tornado may have briefly touched down southeast of Oregon City near Beavercreek Sunday evening, though there were no immediate reports of damage.
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Analysis shows that rate hike not enough to cover $700K shortfall in budget
The water provider for north Clackamas and Beavercreek is $364,627 short of its proposed 2008-09 budget despite a rate increase that was passed in June.
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Information for the public safety column comes from public records of ...
Information for the public safety column comes from public records of the West Linn Police Department.
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Beavercreek annexation back on ballot
A 114-acre tract of land that currently houses the Oregon City Golf Club and which voters rejected for annexation in March will be on the ballot again in November, though two city commissioners have ...
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Oregon-based church group does service project at People's Center
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Cloth diaper delivery service starts in Clackamas County
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Sunrise discusses merging water districts
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Move comes on the heels of a rate raise last year
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Clackamas engineers' heater improves pickup's fuel economy
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Geocaching
T revor D'Arcy and Nick Livingston are driving up the winding road to a lake. The air is thick with the scent of barbecue and wood smoke, but they aren't going to the reservoir to cook, kayak, fish or camp.
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Demonstration forest gets more educational
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Race pits Commissioner Bill Kennemer against Democrat Toby Forsberg
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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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