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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
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Fossil, 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
| Fossil, Oregon News |
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Mary Deibel
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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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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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Voters bounce DA who supported mental center
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Wheeler County DA recalled
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Mental health board yanks Boardman center
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Coast to Coast: Comparing Oregon Beaches to Other Shores
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Public meeting Wednesday in Boardman about proposed mental health facility
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Community stops treatment center outside Fossil
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- A one-woman county'
When Jeanne Burch moved to rural Wheeler County as a child, she thought she'd come to the end of the earth. via Bend Bulletin
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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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