Ontario, 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
| Ontario, Oregon News |
Ontario police probe car burglaries
The Ontario Police Department is investigating the theft of three firearms from a vehicle in Ontario Saturday morning.
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Impacts of gas prices vary in area
Despite gasoline prices dipping below $2 a gallon, down from more than $4 a gallon this summer, fewer people traveled for the long Thanksgiving weekend, making this the fourth consecutive travel holiday this ...
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Festival of trees
Sarah Bradbury, a volunteer at Festival of Trees, adjusts decorations on one of the trees that are for sale during the event which started today at the Holiday Inn in Ontario.
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A busy Black Friday
D&B Supply Co. employee Katrini Burgin scans the sweatshirts Colleen Froerer , Nyssa, is buying, while granddaughter Keilee Froerer looks on during a holiday sale at the local store, Friday.
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Local school districts feel pinch from economy
The current economic downturn and grim forecasts in Oregon are casting a negative pall for area school districts, which may experience tough times of their own in the future.
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Ontario council considers police car deal
The Ontario City Council heard from an Ontario Police Department official about the future of a police car that had worn out its welcome and discussed a liquor license application for the newly- constructed ...
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Local video giant gone, gone, gone
The exterior of the former Blockbuster, situated at 1294 S.W. Fourth Ave., Ontario.
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Festival of trees celebration slated
The Festival of Trees to benefit Malheur County Meals on Wheels and Help Them To Hope will be held from 9 a.m. to 3 p.m. Wednesday, 9 a.m. to 7 p.m. Friday and Saturday and 9 a.m. to 3 p.m. Sunday at the ...
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A positive approach
Alicia Velasquez and Shelly Gilman highlight one of the tools a parent of a child with a pervasive developmental disorder can use to help a child, in this case, Gilmana s 5-year-old daughter Melody, get ready ...
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Two Ontarians die in highway accident
Two members of an Ontario family died Sunday morning when the vehicle they were traveling in rolled near Caldwell.
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Sewer work slated
Ontario Public Works crews are working to extend a sewer line on Southeast Second Street to S.E. 16th Ave., with the 710 feet of 12-inch sewer line set to be installed by Thanksgiving.
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Taco Time restaurant damaged in August fire set to reopen in 2009
The exterior of Taco Time, situated at 1657 E. Idaho Ave. in Ontario, as seen Thursday afternoon.
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Whata s next for mall?
The future of West Park Plaza continues to be a priority for both city and mall officials, and a number of ideas to improve the area landmark are possibly on the horizon.
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Wada property still key for the city
A 75-acre piece of property near the Ontario Municipal Airport along Southwest Fourth Avenue, just west of the Yturri Beltline as seen Wednesday afternoon.
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Police probe string of burglaries
Ontario - The Ontario Police Department is investigating a string of local burglaries, and two Fruitland youth were detained after a Saturday night incident at the Ontario Wal-Mart. OPD Capt.
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Police chase ends in arrest
A high-speed pursuit beginning in Idaho ended with the arrest of New Meadows man after he was pulled from the Snake River at Ontario State Park early this morning.
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Lighting the way
Starting next week, the Oregon Department of Transportation will start replacing seven traffic signals along East and West Idaho intersections in Ontario and one in Nyssa, that are designed to move traffic ...
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Ontario City Council ponders road upgrade
The Ontario City Council discussed potential plans to rehabilitate North Oregon Street, appointed two local women to the recreation board and declared November to be National Runaway Prevention month at its ...
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Funding project draws cautious optimism
Half of the money raised through a proposed boost in Oregon fuel taxes and vehicle fees will be funneled to counties and incorporated cities in Oregon, and Malheur County may stand to collect more than $1 ...
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Smoke clears in flash-point Old School lawsuit issue
As the smoke from the Old School/City of Ontario legal settlement begins to clear and the last of the hotly-debated merchandise slowly leaves the store, city officials and Old School owner Veronica Miller ...
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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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