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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Condon, 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
| Condon, Oregon News |
Roads less traveled; Wandering the wheat fields and wind farms of north-central Oregon
175 N.E. Third St., Dufur; 541-467-2349, www.dufur.org • Heppner Chamber of Commerce.
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Search for missing girl continues 10 years later
The family of Stephanie Condon is hosting a candlelight vigil in remembrance of Stephanie on Thursday at 6 p.m. at the Riddle city park, one week after the FBI and local officials took another look at a pond ...
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Herbert's Pond searched in Condon case in Canyonville
An evidence recovery team from the FBI helped local officials search Herbert's Pond Thursday for clues to the 1998 disappearance of Stephanie Condon.
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Only Condon didn't have any
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The Painted Hills are a colorful Wheeler County landmark. Sen. Ron Wyden, D.-Ore., will be on hand Sunday, Aug.
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Paleo Lands Field Center to break ground in Fossil
The Painted Hills are a colorful Wheeler County landmark. Sen. Ron Wyden, D.-Ore., will be on hand Sunday, Aug.
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Pair searches for origin of mystery berry
For Boardman historians Carol Michael and Sharon Barricks, the search for the history of the pruterberry has turned up a wealth of stories about the town's past, even though the origin of the berry itself ...
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Long-forgotten Civil War veteran gets his due
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Madison paces sprints in Condon
Echo's Mike Madison owned the Big Sky pre-district meet Saturday in Condon, taking golds in the 100-meter , 200 , 400 and helping out with the 4x100 relay win with teammates Bryce Fritz and Dustin and Devin ... via Hermiston Herald
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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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