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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Pilot 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
| Pilot Rock, Oregon News |
Oregon voters defeat most local money measures
In communities from Coos Bay to Umatilla, Oregon voters rejected the majority of local money measures put before them in last week's elections.
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Horizon Air Leaving Pendleton
Starting December, there will be no more commercial flights out of Pendleton. Horizon Air takes off and a new small company lands the contract.
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Take A Hike
The view of Ashland and the rest of the valley from the top of Hobart Bluff. Hobart Bluff How to get there Head east on Highway 66 toward Emigrant Lake.
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Back to school
Walker elementary first-grade teacher Nancy Sirski gives her students instructions on the first day of class today.
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National monument plan final
Eight years after the creation of the Cascade-Siskiyou National Monument, the U.S. Bureau of Land Management has established a final management plan for the 52,947-acre area.
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Eastern Oregon fires mostly contained
All fires under Oregon Department of Forestry response in eastern Oregon were contained on Sunday with mop-up continuing on several fires Monday.
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Lightning Starts Fires in NE Oregon
Courtesy: Northwest Coordination Center - Firefighters are busy working on over 50 active fires scattered across lands protected by Oregon Department of Forestry, Umatilla National Forest, and Washington ...
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Lightning Sparks Oregon Wildfires
Officials say lightning sparked well over a hundred small fires in Central and Eastern Oregon.
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Thunderstorms spark fires, mostly small, in Oregon
Thunderstorms moving through northeast Oregon today started about 50 fires on lands protected by the Oregon Department of Forestry and in the Umatilla National Forest, fire officials said.
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Don't go there
Medford's Lawnsdale Road will be closed east of Biddle Road weeknights for several weeks as part of construction near the airport.
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Caldera wins Two Golds
O boy! Coming soon to a grocer's shelf near you, Caldera's new IPA in cans... Caldera Brewing Co.
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Fire chief chooses Stanton as assistant
A 13-year veteran of the Hermiston Fire District has been named assistant fire chief.
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Take A Hike
Photos and story by Thom Larkin A view from the top of Pilot Rock into California with Mt.
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Driskel steps into superintendent position
"I'm interested in seeing how efficient we are, and getting up to speed with the teachers and parents; they're the ones who really know what's going on in the schools" The Stanfield School District has hired Darce Driskel, retired Hermiston School District superintendent as part-time superintendent. via Hermiston Herald
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2 set to challenge incumbent sheriff in Umatilla County
"We do not have the time to train somebody to do it." The gloves are off in Umatilla County as three men vie to be the county's top law enforcer. via Tri-cityherald.com
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Southern Oregon University students present at state science event
"Attending the OAS is a great opportunity for our students to meet scientists who have work not yet published or still in progress." Southern Oregon University students and faculty displayed their scientific talent at the Oregon Academy of Science's 66th annual meeting on Feb. via The Ashland Daily Tidings
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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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