Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

OR Divorce Buyout in Oregon

Since 1979 Somerset Mortgage Lenders 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.

Local divorce buyout directory for OR :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Saginaw Seal Rock Siletz Stanfield
Saint Benedict Seaside Silver Lake Stayton
Saint Helens Selma Silverton Sublimity
Saint Paul Seneca Sisters Summer Lake
Salem Shady Cove Sixes Summerville
Sandy Shaniko South Beach Sumpter
Scappoose Shedd Sprague River Sutherlin
Scio Sheridan Spray Sweet Home
Scotts Mills Sherwood Springfield Swisshome
Scottsburg

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Oregon News
Boeing sends machinists final offer

In this July 16, 2008 file photo, Paul Temple, of Graham, Wash., who works on the Boeing 737 assembly line in Renton, Wash., holds up a sign in support of higher wages as he takes part in a strike sanction ...


Oregon woman charged with burglary, arson

A Sheridan woman has been accused of burglarizing and then setting fire to the Monmouth home of a former roommoate with three cats trapped inside.


OREGON: Eugene Killing May Be Murder For Hire

Eugene police are calling it a murder for hire. They have arrested two men in the death of 35-year-old Lance McBride, who belonged to a group dedicated to researching and recreating European history before the ...


Oregon governor looks to energy future

During six years in office, Gov. Ted Kulongoski has convened countless summits and appointed scores of advisory groups.


4 Thomason salesmen win $19 million for racism

A federal jury has awarded $19 million to four former salesmen for a New York-based automobile dealer after ruling they were victims of racism at work.


Judge upholds Oregon lobbyist gift limits

A judge on Wednesday upheld new limits on lobbyist gifts under Oregon's government ethics law.


Cops: Oregon driver inhaled laughing gas before crash that killed teen

Police say a 23-year-old Albany woman inhaled laughing gas while driving, causing her to lose control of her vehicle and crash.


Oregon Tourism Commission Unveils New Online Customer Service Training Program

The Oregon Tourism Commission launched its new free online Quality Care Customer Service Training Program this week on http://www.oregonqcare.com/. Oregon Q Care is a training program created to support the ...


Oregon's rural-urban wage gap increases

The wage gap between northeastern Oregon and the state's I-5 corridor has widened since the 1970s.


Bradbury says he might run for Oregon governor

Secretary of State Bill Bradbury says he may run for governor in 2010. Bradbury, who is attending the Democratic National Convention in Denver, said Tuesday he is thinking "seriously" about a run.


Oregon students beat national averages on SAT

Oregon students remain above the national average in SAT scores, but minority groups lag far behind their white counterparts on the standardized college entrance exam.


Fort Clatsop park adds 6 acres for hiking access

The Lewis and Clark National Historic Park has grown a bit bigger. With support from the Oregon congressional delegation, the National Park Service has acquired about six acres next to Fort Clatsop from The ...


Oregon: best at the breast

Two new studies out this month show that Oregon moms are ahead of the curve when it comes to breastfeeding, but as a nation we're not hitting the target.


OSU to hold graduation on Saturdays

Graduates of Oregon State University will walk out into the real world one day earlier starting next June.


High costs threaten Oregon stray horses

Joan Steelhammer's planned to care for 35 unwanted and neglected horses this summer at her nonprofit Equine Outreach sanctuary near Bend, but the project got bigger, and more expensive, She's feeding a ton of ...


Oregon Leading In 'Green Collar' jobs

Commuting the 20-mile stretch of Interstate 84 from Hood River to The Dalles, Susan Wolff couldn't help notice truck after truck also headed east, their flatbed trailers loaded with long cylinders - wind ...


Pear co-op closing up shop in Medford

A pear growers cooperative in Southern Oregon that's lasted for eight decades will close up shop at the end of the current packing season.


Nader runs in Oregon as candidate of new party

Consumer activist Ralph Nader has found an unconventional way to get on Oregon's ballot this year: He will be the presidential nominee of a brand-new party.


Oregon makes headway against food insecurity and hunger

Oregon makes headway against food insecurity and hunger Chuck Sheketoff In the two years before the current economic downturn hit Oregon made headway against food insecurity and hunger.


- Suicide epidemic' hits veterans

Iraq War veteran Sean Davis enjoys a story told by another veteran who was seeking services at the Portland Vet Center where Davis volunteers.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)