Curtin, 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
| Curtin, Oregon News |
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Police and Fire Logs
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A year ago, the Statesman Journal Editorial Board took a hiatus from having community members serve on the board.
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Construction on Curtin Road begins
Students returning to University Park in the fall will notice a few environmental differences as they walk down Curtin Road, which was closed today to begin construction that will last into the second summer ...
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North Douglas fire seeks tax levy again
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Local Voters Watch PA Democratic Debate
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History walk would give more reasons to visit downtown
Here's a draft of Wednesday's editorial. Send comments to Barbara Curtin, the lead writer. via Statesman Journal
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Here is a draft of Wednesday's editorial. Send comments to Barbara Curtin, the lead writer: If you shop, drive or walk in downtown Salem during April, you'll likely see a tree with more than 12,000 fluttering ... via Statesman Journal
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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