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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
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Ukiah, 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
| Ukiah, Oregon News |
One gear, 1,800 miles
Submitted photo There's a lot to be said for being young, strong, footloose and fancy free.
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Engineers tackle Oregon report card
The American Society of Civil Engineers will begin its first in-depth report card on the state of Oregon's infrastructure this month.
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Oregon Fires Delay Drivers in Eastern Oregon
ODOT reports that a fire along Camas Creek in southwestern Umatilla County is creating delays for travelers on U.S. Highway 395 between Ukiah and Dale, 50 miles south of Pendleton.
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Crews sent to wildfire near Ukiah, Mount Hood
Fire crews are trying to tamp down a 100-acre fire burning along the west side of state highway 395, near Ukiah.
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Crews try to tamp down wildfire near Ukiah
Fire crews are trying to tamp down a 100-acre fire burning along the west side of state highway 395, near Ukiah.
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Scattered fires continue to occupy ODF crews
Oregon Department of Forestry crews continue to battle several fires throughout Oregon, primarily in eastern and northeast Oregon.
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Lightning blamed for more than 70 Oregon wildfires
More than 70 fires have been reported to emergency officials in Pendleton as a result of recent lightning activity.
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More than 500 contract firefighters from southwest Oregon have been...
More than 500 contract firefighters from southwest Oregon have been deployed to help battle nearly 850 lightning-caused wildfires burning in Northern California.
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Two Portland brewmasters launch Beervana's organic revolution
Craig Nicholls leans forward in his chair, clasps his hands together in an almost reverent gesture and says that when he came to Portland in the mid-'90s and saw how many people recycled and were trying to live ...
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Oregon schools to gain $7 billion
Ukiah Language Arts teacher Norma Barber teaches Vale third-graders how to write a poem about birds in this March file photo.
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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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"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
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