Powers, 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
| Powers, Oregon News |
Coquille change on board's agenda
If you fish or boat the South Fork Coquille River, you might want to attend one of these two meetings or make your feelings known about a proposed rule change.
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Powers man charged in weekend hunting death
A Southern Oregon man is charged with manslaughter in a hunting fatality over the weekend.
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Forest gates to close to protect trees
As the rainy season begins on the southern Oregon coast, forest managers in the Wild Rivers, Gold Beach and Powers ranger districts of the Rogue River-Siskiyou National Forest will close many forest gates to ...
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Colgate Country Showdown: The search is over
Local country singer finds success in return to her roots Suzanne Randle of Coos Bay reacts after winning the local Colgate Country Showdown on Saturday at the Coos County Fair, as finalist Koral Aakre looks ...
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What's ahead: August school reunions
Coos River School The annual Coos River School Reunion, for all classes, will begin at 10 a.m. on Saturday, Aug.
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What's ahead: August school reunions
Coos River School The annual Coos River School Reunion, for all classes, will begin at 10 a.m. on Saturday, Aug.
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Motoring into a fishy controversy
Fishermen on Coquille River's south fork ask state to ban motor boats Jim Thurber of Reedsport discusses fishing the South Fork Coquille River at a boat launch along the river in Powers.
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Live tonight
World Photo by Alex Powers Niki Holling, far left, Jen Morgan, Susan Lindsey and Diane Williams dance during an interlude in "Recipe for Disaster or Camilla's Culinary Quandry" at the Sawdust Theater in ...
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Gardens are seed for community
They are places to grow food. Simply that. The community gardens in Reedsport, Powers, Coos Bay and Lakeside were established to help in-town people grow fruits and vegetables to help feed their families.
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Bulletin Board Published Saturday, May 10, 2008
The group encourages people with friends or family members whose drinking affects their lives to share experiences, strengths and hope. via Curry Coastal Pilot
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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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