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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Paisley, 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
| Paisley, Oregon News |
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Record-setting reward being offered in elk-poaching case
The largest reward ever offered for information in an Oregon big-game poaching case has yet to uncover the persons responsible for a string of elk-killings in the Glendale area.
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In search of a fresh perspective
Sometime about midday on a recent Saturday I pulled my motorcycle onto the rocky shoulder of Highway 31, somewhere along the western shore of Summer Lake in Central Oregon.
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Giddyup, here we go
Dude ranch? No way, cowboy FACTBOX F or the past several years, I've been eyeing the Willow Springs Guest Ranch site I discovered while riding the Internet range.
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July 21/22 Coast to Coast a.M. - oh boy...UFOs and alien abductions, earthquakes, global warming
If you are not washing your hair or watching paint dry, this might be mildly entertaining to occupy some of your time.
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July 21/22 Coast to Coast a.M. - oh boy...UFOs and alien abductions, earthquakes, global warming
If you are not washing your hair or watching paint dry, this might be mildly entertaining to occupy some of your time.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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