Eddyville, 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
| Eddyville, Oregon News |
Three controlled burns create a haze over Salem
A series of controlled burns in Polk, Benton and Lincoln counties Tuesday created a smoky haze that hung over the Salem area.
|
Former Newport High journalism teacher will receive top honor
The Journalism Education Association will honor Oregon educator Nancy Giuliani with the Lifetime Achievement Award during the organization's national convention in November.
|
More of this story
Culture Shock Festival brings a world of entertainment and food to the coast The Culture Shock Festival, a program of the Oregon Coast Council for the Arts, has a day-long schedule of entertainment and events ...
|
DAR chapter to sponsor - Constitution Week' events
The Yaquina Chapter Daughters of the American Revolution serves members throughout Lincoln County, and promotes historic preservation, education, and patriotism.
|
Things are heating up at Airrow
Airrow Heating and Sheet Metal is now a full service heating, ventilation, air conditioning and refrigeration company serving all of Lincoln County.
|
Details make the difference in ratings
Lincoln County School District officials have taken things in stride since the annual assessments of public school performance began under the 2002 federal No Child Left Behind legislation.
|
School ratings show mixed results
One school is out of the federal doghouse, but three others that met Annual Yearly Progress standards under the federal No Child Left Behind act the previous year failed to meet them in 2007-2008. Assistant ...
|
Police Arrest Five During Coast, Mid-Valley Drug Busts
A drug-related investigation originating with a traffic stop last week in Lincoln County led officers to Marion County and has resulted in the seizure of methamphetamine, cash, firearms and other evidence.
|
Multi County Drug Raids Leads to Several Arrests
Lincoln County's narcotics team say a drug-related investigation originating with a traffic stop last week on the coast, led officers to Marion County and has resulted in the seizure of methamphetamine, cash, ...
|
Three Gervais-area residents arrested in drug investigation
Drugs, weapons and cash were seized during an ongoing drug investigation in which three Gervais-area residents were arrested, officials said.
|
Clemens Foundation restricts who gets college grants
"There's new criteria. It's all in the paperwork the kids pick up. That's all they need to know. We have the right to change it." Posted by Noelle Crombie, The Oregonian April 12, 2008 06:45AM For decades, the Clemens Foundation has helped high school grads from Philomath, Eddyville and Alsea go to college by providing grants to cover ... via OregonLive.com
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|