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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Gardiner, 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
| Gardiner, Oregon News |
Multiple crashes has Hwy. 10...
Just days after Julita Fong's Toyota 4Runner plunged down an embankment off Highway 101 earlier this month, the 75-year-old Reedsport resident got a phone call.
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Woman injured in head-on crash in Gardiner
Police say a Coos Bay woman was severely injured when she lost control of her car on Highway 101 and crashed head-on into another vehicle Wednesday.
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North Bend Inducts 5 more into Hall of Fame
North Bend- Five former bulldogs were honored at North Bend High School, for the 9th Annual Hall of Fame Ceremony.
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Police and Fire Logs
These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
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Police and Fire Logs
These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
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California man dies in car a...
A man from San Rafael, Calif., died Sunday afternoon when his vehicle struck a guardrail on Highway 101 near Gardiner.
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Police and Fire Logs
These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
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Port receives rail support
Gov. Ted Kulongoski led a long list of government, business and other interested parties in urging the federal Surface Transportation Board to award the 111-mile Coos Bay rail line to the Oregon International ...
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Governor will speak at rail ...
Gov. Ted Kulongoski will lead a lineup of governmental officials, business leaders and others interested in the fate of the Coos Bay rail line next week in Eugene.
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Police and Fire Logs
These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
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Finavera has no plans for second wave energy buoy
A Canadian energy company says it has no plans to try floating a second experimental buoy to test the potential for generating energy from ocean waves off the Oregon coast.
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Coalition: Rail repair needs were ignored by CORP
Central Oregon & Pacific Railroad ignored dangerous conditions on its Coos Bay spur for at least 13 years before ordering an emergency shutdown last September, the Coos-Siskiyou Shippers Coalition charged ...
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Morgan topped ballot in 86 percent of county precincts, Robertson won in all 72
Susan Morgan carried 62 of Douglas County's 72 precincts in rolling to a victory over sitting Commissioner Marilyn Kittelman, according to detailed voting records released after the results of the May 20 ...
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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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