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

RI Divorce Buyout in Rhode Island

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 Rhode Island, 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 RI :
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
East Greenwich East Providence Exeter

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Rhode Island News
Rhode Island Plan To Cap Medicaid Spending

Rhode Island Gov. Donald Carcieri's request to CMS last month for a waiver to set limits on state Medicaid spending has "alarmed" congressional Democrats and low-income advocacy groups who said the proposal ...


Rhode Island takes control of WRNI

While it is not exactly a complete declaration of independence, Rhode Island's public station WRNI made a large move toward self-rule on Monday.


Rhode Island Issues West Nile Virus Prevention Advisory

The Rhode Island Department of Health is issuing an advisory to remind people of precautions to prevent mosquito-borne illnesses.


RIPTA cuts big across Rhode Island

Caught between the high price of its own clean diesel fuel, and lower receipts from the state gas tax because high pump prices are causing people to buy less gasoline, RIPTA says it is being forced to cut ...


Rhode Island Volunteer Groups Help With Hurricane Gustav

Local volunteer groups already heeding the call to action, doing whatever they can to help out all those in Gustav's path.


Rhode Islanders Looking to Help with Hurricane Relief are Running Into Some Problems

ABC 6 News recently told you the story of some Rhode Islanders looking to help with the hurricane Gustav relief, now ABC 6 has learned that some of those looking to help are finding it hard to get to locations ...


ABC 6 Asks Rhode Islanders: 'Who is Sarah Palin'?

ABC 6 Asks Rhode Islanders: 'Who is Sarah Palin'? John Eagan Story Created: Aug 29, 2008 at 4:33 PM EDT Story Updated: Aug 29, 2008 at 4:34 PM EDT Republican candidate John McCain has picked his running mate, ...


No recession at Rhode Island restaurants

Toby and Larry Rossner, of Providence, dine outside The Capital Grille in Providence on Tuesday.


Biden's Rhode Island connection

He might be here in Rhode Island, not Denver, but Scott MacKay comes up with a good yarn, offering another reminder of why he and his mental treasure trove of poltical nuggets will be missed when he leaves the ...


Judge blocks Carcieri, who appeals to Supreme Court

A Superior Court judge today rejected another legal effort by Gov. Donald L. Carcieri to unilaterally increase health care fees for the Council 94 member working in the executive branch.


Judge stops Carcieri from hiking health fees

A judge today blocked Gov. Donald L. Carcieri from unilaterally imposing higher health care fees on Rhode Island Council 94 members working in the executive branch until the dispute has been heard by the R.I. ...


Rhode Island Association of Fire Chiefs applauds support of Firefighter Cancer Wellness Act

The Rhode Island Association of Fire Chiefs commended Governor Donald L. Carcieri, as well as the House of Representatives and State Senate for the legislators' support of the Firefighter Cancer Wellness Act , ...


Rhode Island Gas Prices Drop to Lowest Rates Since April

Another drop in gas prices means good news for Rhode Islanders planning a Labor Day getaway.


Security cameras to monitor entire Bay

A camera and radar system to track and view ships and boaters all the way from the Atlantic to Providence Harbor will soon be in place, making Rhode Island's coastal waterways perhaps the most closely ...


Governor Declares Victory After Judge Rules on Executive Order

A judge won't block Governor Carcieri from raising health insurance costs for unionized workers in the executive branch.


Court moves union complaint on, rebuffs Carcieri

A R.I. Superior Court justice today ruled in favor of Rhode Island Council 94 members and moved the union's unfair labor practices complaint against the implementation of Gov.


Rhode Island Reports Seasonal Peak Of Tick-Borne Diseases

The Department of Health advises Rhode Islanders that the state is reaching its expected annual peak of reported cases of babesiosis, ehrlichiosis and Lyme Disease.


Hurricane guides available to the public

' The State of Rhode Island wants you to be ready in case a hurricane comes to the area.


Abiding by the law

The resignation of eight of 12 members of Rhode Island's Commission on Hispanic Affairs is an unnecessary distraction from the real issues at play in the debate over illegal immigration.


Gov calls on PUC to mandate renewable energy

This just in from the gov's office: Governor Donald L. Carcieri today sent a letter to the members of the Public Utilities Commission urging the Commission to mandate that National Grid enter into long-term ...


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.
 
"...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.
© 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)