|
|
Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
|
|
|
Johnston, 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
| Johnston, Rhode Island News |
Gas-to-electric plant planned at landfill
Enviros have expressed concern about at least one past plan for an energy plant near the Central Landfill in Johnston.
|
NTSB says R.I. doesn't meet standards on drunken driving
Rhode Island could do a lot more to curb drunken driving, but instead it ranks among three states doing the least, according to the National Transportation Safety Board.
|
Converted Organics Inc. Retains Piper Jaffray to Place Bond Issue for ...
Converted Organics Inc. announced today that it has retained Piper Jaffray, a leading international middle market investment bank, to serve as the placement agent in connection with the Rhode Island Industrial ...
|
New East Providence City Council announces staff changes
Even before being sworn in, the new City Council majority has announced plans to fire the longtime city solicitor and eight other two-year appointees.
|
Stickup Suspect Busted After Police Chase
Police say Greg Coffey sped away, leading the troopers on a chase during which his car hit the a Burger King.
|
Man accused of driving into officer
A man accused of driving his car into a Cranston police officer during a traffic stop was ordered held Friday on a probation violation.
|
Robbery suspect may be linked to police chase
Police are investigating the apparent connection between an armed robbery overnight, and a car chase that ended in a crash a short time later.
|
Atwood Grill is a regular good deal
If you're looking for a friendly, neighborhood kind of place with good food, superior portions and reasonable prices, the Atwood Grill in Johnston is that place.
|
Property tax accusation lingers in Johnston
One campaign accusation is still lingering in Johnston, two weeks after the election.
|
More of this story
Tiverton residents who make an effort to put yard waste out at curb side during regular trash pickup this week will help the town achieve its objective of recycling as much waste as possible so as little waste ...
|
3 RI men indicted on contraband cigarette sales
The indictment accuses them of selling an agent 155 cartons of cigarettes without the proper Rhode Island state tax stamps.
|
Johnston High School closed for cleanup after fire
Firefighters put out the blaze Wednesday afternoon in a high school storage room.
|
Johnston Democrats miss tide
The Democratic tide last week lifted Kay Hagan to a surprisingly easy victory over incumbent U.S. senator Elizabeth Dole.
|
R.I. motorists take notice as gasoline prices fall
When gasoline prices reached their all-time high of more than $4 a gallon in July, it would have taken about $80 for Diane Greene to fill the tank on her Toyota Sienna minivan.
|
Obama's victory seen as inspiration, but not an ending
One black-and-white photo showed a banner hanging from a building in New York City in 1938.
|
Central RI landfill hosts plastics recycling day
The state's main landfill is allowing Rhode Islanders to recycle a wide range of plastics for free during a one-day effort.
|
Sculptor tries to get inside Melville's head
A lot has been written about Herman Melville's life and work, including a good deal of speculation about what went on in the back of his mind.
|
Fung elected Cranston mayor
Allan Fung was one of the few Republican victors in Rhode Island on Tuesday, winning the mayora s office in Cranston.
|
School committees endorse open talks on contracts
Nine members of school committees around the state yesterday pledged their support of the city board's efforts to hold teachers' contract negotiations in public.
|
Tick numbers are down in R.I.
There is good news and bad news in Rhode Island when it comes to the tick population.
|
|
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. |