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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Chemult, 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
| Chemult, Oregon News |
State police seize about 115 pounds of marijuana
A Pasco, Wash., man was arrested this morning by Oregon State Police after about 115 pounds of marijuana was found in a van he was driving north on Interstate 5. Lt.
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"Matsutake Mushroom Season Opened on National Fores (Rattle Wildland Fire)"
The 2008 picking season for Matsutake mushrooms opened on the Deschutes, Fremont-Winema, Umpqua and Willamette national forests in Oregon.
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Police: Pickup hauling 150 pounds of pot
Other past notable Marijuana seizures involving Oregon State Police: 323 POUNDS On April 4, 2005, an OSP trooper stopped a pickup southbound on Interstate 5 near Salem and seized approximately 323 pounds of ...
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The Nation's Weather
Showers and thunderstorms were expected to encompass much of New England on Sunday as a developing low pressure system moves through the Great Lakes and into the Northeast. The storm's cold front was expected to stretch along the eastern seaboard and instigate showers north of North Carolina. Heavy rain and thunderstorms also were forecast for an area extending from the Lower Mississippi Valley to the southern Plains. Flooding was possible in parts of Arkansas. The West Coast was to remain mostly dry.
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Lake County Public Use Restrictions
" Effective Friday, August 1, Public Use Restrictions will be implemented on lands managed by the Lakeview District Bureau of Land Management and the Bly, Lakeview, Paisley and Silver Lake Ranger Districts on ...
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Phases of the Silver Moon
Microbrewery has grown from a one-beer operation to one with 7 varieties and a pub Published: May 27.
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Coast Starlight line back in Klamath Falls
A passenger train arrived at the Klamath Falls Amtrak station for the first time in nearly three months. via KGW-TV Portland
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Amtrak to resume Coast Starlight service
Amtrak announced that passenger train service between Seattle and Los Angeles will resume next week, but riders must transfer to bus service between Eugene and Klamath Falls in both directions. via The News-Review
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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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