Enterprise, 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
| Enterprise, Oregon News |
1,500 miles on horseback freedom quest for two cowboys
Gary Ferguson, left, and Mike Cardwell are two cowboys who were in Wallowa County recently when they attempted to ride their horses from Blanchard, Idaho, to Apache Junction, Ariz.
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Datebook
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PHOTO COURTESY CINDY SULLIVAN Pie-eating contest a ' Participants in the 2007 Old Enterprise Festival pie-eating contest take a breather.
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Datebook
Business calendar published Sept. 15, 2008 Sept. 15 - Linn-Benton Mediation Service will sponsor a Conflict Resolution Workshop.
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Datebook
Business calendar published Sept. 8, 2008: Sept. 8 - Corvallis City Club, 11:45 a.m. to 1:30 p.m., First Presbyterian Church, 114 S.W. Eighth St.
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Datebook
Business calendar published Aug. 18, 2008 Aug. 19 - Drug and Alcohol Supervisor Training, 1 to 3 p.m., The Corvallis Clinic, Aumann Board Room, 444 N.W. Elks Drive.
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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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