Manville, 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
| Manville, Rhode Island News |
Lincoln revises law on paving of roads
Town Council members voted unanimously last week to amend an ordinance concerning any excavation/repaving work on the town's streets and highways.
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La Cabana loses liquor license
The town's Board of License Commissioners voted unanimously during a special show-cause hearing on Tuesday night to permanently revoke the liquor license of La Cabana Night Club & Sports Bar.
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Prizes claimed for Wild Money, PowerBall
There were two $10,000 PowerBall winners in Saturday night's $35 million drawing.
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Supreme Court says hosts not responsible for adult drinkers
The state Supreme Court has declined to hold a Manville couple liable for the injuries of a young woman who claimed she and her boyfriend were goaded into overindulging in alcohol at the couple's home before ...
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Ax fight ends in minor injuries
According to Police Chief Brian Sullivan, the Wedin brothers have had a history of arguments escalating into calls to the station, but never anything quite like this.
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Ope\n seats prompt scrum in Assembly races
Open seats have touched off free-for-alls in two local state representative districts, with six candidates vying to replace Roger Picard in Woonsocket's District 51 and five hopefuls looking to succeed Rick ...
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'There's always fantastic crowds'
At Joe Figueira's house, it's a rite of spring: you get up early, eat breakfast and load up the kids in the family vehicle to claim your spot on Smithfield Avenue.
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Preserving their stories
When he was a boy growing up in Manville, Robert Leclerc would hear stories about Capt.
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Communities get ready to salute veterans on Memorial Day
Parade-lovers will line up along Smithfield Avenue in Lincoln on Monday morning, May 26 for a five-division celebration in honor of the nation's veterans.
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Voters OK extra $500K for schools budget
"Simply put, the taxpayers who opposed the budget as it was will have to pay an (extra) $102 on a $300,000 home." Late Monday night, Lincoln's residents voted, but not in resounding fashion, for an additional $500,000 in the schools budget for 2008-09. Before the FTM, the recommended schools allotment sat at $47.8 million; ... via The Pawtucket Times
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Environmental agency stocks herring in Blackstone River
Environmental regulators are trying to re-establish river herring in the Blackstone River near Lincoln. via WPRI-TV East Providence
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Earth Day Events: Thursday-Tuesday, April 17-22
The Rhode Island Advisory Commission on Historical Cemeteries Cleanup: To volunteer, call Evelyn Wheeler, commission chairman at 789-3503 or eviewhee@verizon.net . Cleanup of the cemetery at the Knightsville ... 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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