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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Otter Rock, 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
| Otter Rock, Oregon News |
Advisory group may recommend 2 Ore. ocean reserves
An advisory panel is meeting in Lincoln City this week to consider proposals to set aside stretches along the Oregon coast as state marine reserves.
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Health advisories issued to avoid ocean contact at five beaches
State and local health officials issued advisories Wednesday to avoid contact with the ocean at five Oregon beaches.
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Health Advisories for Five Beaches on Oregon Coast
State officials say five beaches on the coast have higher-than-normal levels of bacteria in the nearby waters, meaning you should stay out of the water for a day or two.
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State rates proposed reserve sites
State agencies gave five out of 20 marine reserves proposals "high" ratings overall, Oregon Department of Fish and Wildlife representatives reported last week.
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Composing an orchestra
Ginia Strickland, left, Sioux Boston, center, and Barbara Wilcox share a laugh. The string players have played with the Newport Symphony Orchestra since its beginnings.
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Three Bizarre Beaches of the Oregon Coast
One cloisters Oregon's strangest and most clandestine tourist attraction: the year-round "ghost forest." The other two sit almost completely hidden from everyone except serious beachgoers: one with its wild, ...
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Riptide BBQ brings ribs and more to Depoe Bay
Riptide BBQ has been open for four months at 433 NW Hwy. 101 in Depoe Bay with a dine-in restaurant, outdoor seating, and take-out barbecue meals and meats.
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Fishing Contest Enlivens North Oregon Coast Town
Astoria Sunday Market is hosting the Commercial Fishing Expo and Hotdog Highliners Fisherman Competition on September 7. "This is the first in what we hope becomes an annual tradition here in Astoria," said Ron ...
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Have Fun Close To Home
We make it easy to have some fun and explore without getting very far from home.
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Have Fun Close To Home
We make it easy to have some fun and explore without getting very far from home.
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off to the shore...
We joke around here in the summer that every weekend in Oregon can be a "mini vacation" ....but it's true.
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Coastal Travel Tips: Vacation Rentals of Depoe Bay, Oregon
This tiny town is big on oceanic displays, with craggy, rocky shorelines that make monsters out of the waves here, providing a constant show of tidal drama.
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Body of Eugene Man Discovered at Surf Line Near Devil's Punch Bowl
Police are trying to find a man who turned in the victim's cell phone, Ipod, and flashlight to the Inn at Otter Crest's front desk.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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