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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Boring, 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
| Boring, Oregon News |
Deputy shoots pit bull after father deflects attack on young daughter
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Seriously. Who's had enough of this election blitz?
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Halloween fright: A 'free' trick, not a pumpkin treat
The signs with bright orange grinning jack-o-lanterns hang across Portland's east side: "Free Pumpkin Patch." Nancy Lewis saw it and went to check out the lot at Southeast 90th Avenue and Powell Boulevard that ...
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Damascus mayor position inspires three-way race
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Briefs for Oct. 22
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Car chase ends in arrest on Tuesday
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Births for Oct. 18
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Guide dog takes on post as class pet
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Oregon smokeout begins Jan. 1
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Who's a good boy?
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ATVs Stolen From Family Business In Boring
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Chamber Connection
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Officials suspect arson in Orient Drive fires
Deputy Fire Marshal Brett Swenson walks away from the remains of one of the fires that took place at 28027 S.E. Orient Drive on Wednesday and Thursday.
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Downtown Gresham is full of options Saturday
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Local briefs - " Sept. 13
Commissioner candidates to debate The Rockwood Neighborhood Association is hosting a debate between two candidates running for a seat on the Multnomah County Board of Commissioners on the Nov.
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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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