Bly, 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
| Bly, Oregon News |
Bringin' It All Back Home: The Northwest Film and Video Festival
Director Gus Van Sant on the set of "Milk," a biographical portrait of gay political activist Harvey Milk.
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Five Pounds of Pot Seized on Highway 140
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Troopers Busy On Drug Busts
Two traffic stops turned into drug busts for State Police troopers in Southern Oregon Thursday.
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Deer runs into motorcycle
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Motorcycle, deer collide near Bly
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Film Review: "On Paper Wings"
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A powerful earthquake struck off the northern Japanese coast early Thursday, injuring at least 91 people, triggering landslides and cutting power to thousands of people, officials said.
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British court denies radical cleric Abu Hamza permission to appeal against extradition to US
A British court ruled Wednesday that a radical Muslim preacher accused of helping to set up a terrorist training camp in rural Oregon cannot appeal against extradition to the United States to face terrorism ...
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Hook Handed Terrorist Arriving in New York Soon - lost his legal battle against extradition ....
Abu Hamsa lost his legal battle against extradition to the US. wOOt!!!! The US wants him to stand trial for allegedly attempting to set up a training camp for "violent jihad" in Bly, Oregon, in 1999.
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Radical cleric Abu Hamza loses fight against extradition to U.S.
Good riddance: Hook-handed Abu Hamza loses fight against extradition to U.S. By Daily Mail Reporter Last updated at 12:03 PM on 20th June 2008 Facing extradition: Abu Hamza has lost his battle against being ...
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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