Greenville, RI Divorce Buyout in Rhode Island
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 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.
Return to divorce buyout in the state of RI
| Greenville, Rhode Island News |
VisionWeb Honors Three 2008 a Lab of Yeara Winners
Industry Internet portal VisionWeb this week announced the honorees for its 2008 Lab of the Year program.
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Walking, talking robot teaches Warwick Neck students about technology
Aexeous, a walking, talking robot, was brought to the school by his creator, Joe Silva, of Greenville, R.I., as a means of introducing kids to the field of robotics and hopefully inspiring a few to start ...
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Waterman Tavern about to be gussied up
Greenville's ugly old lady is about to pull out her powder puff and put on a new face.
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Nursing home shakeup in R.I.
State health regulators have granted a provisional license to the new operator of four nursing homes in Rhode Island, allowing the facilities to remain open while officials consider the company's application ...
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Restoration work on tap
The Smithfield Preservation Society is working to restore the Waterman Tavern on Putnam Pike in Greenville.
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Restoration work on tap
The Smithfield Preservation Society is working to restore the Waterman Tavern on Putnam Pike in Greenville.
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Recalls
Product:'Faded Glory' Lip Gloss, Locket and Bracelet Sets, imported by F.A.F. Inc., of Greenville, R.I.Hazard: The lobster-claw clasp on the bracelet contains high levels of lead.Description: The recalled ...
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Lip Gloss and Jewelry Sets Sold Exclusively at Wal-Mart Recalled
The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product.
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'Faded Glory' jewelry sets recalled
The U.S. Consumer Product Safety Commission announced a voluntary recall of "Faded Glory" lip gloss and jewelry sets due to risk of lead exposure.
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"Faded Glory" Jewelry Sets...
Importer: F.A.F. Inc., of Greenville, R.I. Hazard: The lobster claw clasp on the bracelet contains high levels of lead, which is toxic if ingested and can cause adverse health effects.
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Judge OKs breakup of Haven Healthcare
Twenty-three of Haven Healthcare's nursing homes will be transferred to new owners under a bankruptcy plan released Friday by a federal judge in Hartford Superior Court, according to the Associated Press .
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Extension granted for Smithfield tavern
"They still haven't completed their application review. As we looked at the calendar, we saw there was not enough time to do the repairs. We requested a reasonable amount of time under the state building code. They are thinking about it." The town has granted a 30-day extension of a condemnation order that could lead to the demolition of a historic building in Greenville. via Providence Journal
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Greenville photo blogger is there when volunteers repair vandalized cemetery
On April 18, Journal reporter Tom Morgan wrote about the cemetery vandalism in Smithfield in which 50 stones were toppled at Greenville Cemetery on Smith Avenue. via Providence Journal
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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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