Somerset Investors Corp. 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 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.

Local divorce buyout directory for RI :
Jamestown Johnston

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Rhode Island News
Editorial: Training Rhode Island

Governor Carcieri is commendably pressing the need for better training of Rhode Island workers.

Voters weigh borrowing $87M for transportation

If approved, the referendum also would make Rhode Island eligible for $436 million in matching federal grants for transportation work.

Mixed environmental grades for RI officials

The coalition of environmental groups gave the General Assembly a grade of B for its work in 2007-08 session.

Article Comments

In this tiny coastal state, where government officials see wind and water as vital new pistons in their economic engine, energy tops many minds.

RI residents bid on rights to chop down trees

Sky-high heating oil prices are driving up competition for the rights to chop down trees in some Rhode Island parks.

Nightmare on Main St.: Taxpayers foot films' bills

Already on the hook for billions to bail out Wall Street, taxpayers are also finding themselves stuck with a growing tab for state programs designed to increase local film production.

Tom Ward - Should state own, run Twin River? I think not

When state General Treasurer Frank Caprio floated the idea last week that Rhode Island might buy the ailing Twin River casino for "pennies on the dollar," I thought he might want to check with other Democratic ...

Almost 18,000 Rhode Islanders Haven't Claimed Stimulus Checks

In these tough economic times, people all over the country are working to make every dollar count.

Urciuoli convicted at retrial; Driscoll cleared

Robert A. Urciuoli, the former president and CEO of Roger Williams Medical Center, was found guilty today 'of corruptly employing former R.I. Sen.

Massachusetts Pests Invade Rhode Island

State environmental officials are asking Rhode Islanders to watch out for small, shiny invaders from Massachusetts.

Rhode Islanders Walk For a Good Cause

Every religion has its differences, but all of them seem to have one thing in common, helping people in need.

Rhode Island Reports First Human Case Of West Nile Virus

Today, the Rhode Island Department of Health confirmed the statea s first human case of West Nile Virus in 2008.

Some Rhode Islanders Are Looking to Alternatives to Heat Homes

Lawmakers may have passed the economic bailout bill, but we're all still getting squeezed, especially with winter right around the corner.

Make-A-Wish R.I. battling to keep charter

'THE RHODE ISLAND CHAPTER has since 1992 been aggregating its salary line-item, on the advice of local accountants ... and the national organization had been receiving the salary reporting in that form, on the ...

Research Alliance plans $1.4M in 2009 grants

The R.I. Science and Technology Advisory Council today announced plans to invest another $1.4 million, through its R.I. Research Alliance and Collaborative Research Award Program, to encourage research ...

Rhode Island Forced to Deal with Cash-Flow Crunch

On Monday, the state was forced to draw $25 million out of a temporary disability insurance fund a ' financed by mandatory payroll contributions by private sector workers across the state a ' to make a promised ...

Why Rhode Island is hurting

If the nation's fiscal crisis confirms that Rhode Island isn't alone in facing serious economic woes, the state doesn't suffer from a lack of other challenges that threaten the quest for its long-sought ...

Deepwater Wind to Build Rhode Island Off-Shore Wind Plant

Rhode Island's off-shore wind project will install wind turbines in the ocean, much like these off the coast of Arklow, Ireland.

Health Insurance Industry Hosts Roundtable Discussion With Rhode...

Working families and small business owners shared their health care stories and their priorities for health care reform at a roundtable discussion in Providence, Rhode Island, hosted by America's Health ...

EPA Awards Rhode Island $196,880 for Clean Diesel Projects -- Part of ...

Today, EPA announced the award of $196,880 to the Rhode Island Department of Environmental Management for clean diesel projects across the state.

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)