Troutdale, 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
| Troutdale, Oregon News |
Top Gresham city employees receive good reviews
Gresham city councilors gave two top city employees above-average reviews during their annual evaluations Thursday, Nov.
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Police say Marine's death was hit-and-run
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Public meeting to address Troutdale library sites
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Local leaders encourage immediate push for transportation dollars
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Oregon Marine death in Virginia investigated
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Troutdale employee innovations draw praise
Troutdale city officials recognized the city's water division employees for an innovative recycling strategy that brought the division $3,600 in additional funds.
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Weekend To-Dos for Nov. 12
"Silent of the Kings," a painting by Inga Ojala, is part of the "Earth, Wind, Fire and Water" exhibit on display at the Gresham City Hall Visual Arts Gallery.
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Briefs for Nov. 12
Monnes Anderson re-elected to leadership position State Sen. Laurie Monnes Anderson, D-Gresham, was re-elected Deputy Majority Leader of the Senate Democrats on Friday, Nov.
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Gorgeous! Columbia River waterfalls top a list of sights to savor
ORTLAND, Ore. -- As Lewis and Clark followed the Columbia River on their quest to reach the Pacific, Lewis marveled at "several beautifull cascades" that fell from "stupendious rocks." Several was an ...
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Authorities arrest car thief with help of police dog
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Mulino man arrested in metal theft case
Following a brief chase, Troutdale police arrested a Mulino man after he was caught allegedly trying to steal scrap metal from a construction business on Northeast Graham Road.
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One thing I want to change...
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Damascus mayor position inspires three-way race
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Penny-Pinching for Pet-Lovers: Adopt Your Next Pet
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Schedule set to build Sandy River bridges
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Troutdale metal thefts continue despite arrests
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State park ranger helps police nab Columbia Gorge car clout suspects
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New segment of "40-mile loop" trail to open in Troutdale
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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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