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Prudence Island, 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
| Prudence Island, Rhode Island News |
To be Home At Last... On An Island Without a Bridge -- New Book is...
Have you ever wondered what it is like to live on an island without a bridge? Co-authors Josie Avery and Grace Hall McEntee share their fascinating experiences of living in Prudence Island through their ...
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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 ...
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Waterspout reported on Narragansett Bay
A man in Portsmouth snapped a picture Thursday of what he believed was a funnel cloud or a waterspout over Narragansett Bay.
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More of this story
The Portsmouth School Committee gave preliminary approval Tuesday night to a strategic planning program for the school system.
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More of this story
The Portsmouth School Committee gave preliminary approval Tuesday night to a strategic planning program for the school system.
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Stripers and largemouths striking
Billy Silvia, skipper of the charter boat Can't Imagine , is concentrating on schools of menhaden between Bristol and Prudence Island.
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Barrington's big fish shrink
Kenny Landry found bass between 30 and 40 pounds off Barrington Saturday. Anglers who fished those waters yesterday discovered that the fish had shrunk.
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An island getaway in your own backyard
The kitchen looks straight through to the dining area and front living and sitting rooms.
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Early limit
Anglers fishing aboard Neal Vitulo's charter boat, Played For It caught their limts of striped bass by 7:30 a.m. today.
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Fish on
Hush Fly Fishing: Larry Borland with a fly-rod bass on Ninigret Pond. Billy Silvia, skipper of the charter boat Can't Imagine was fishing just east of Prudence Island when I returned his telephone call at 11 ...
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More of this story
If all stays the same, the Prudence Island School in Portsmouth could remain open next year.
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AUVfest features what lies beneath
Riding aboard a weather-worn tender, we meet up with the Navy's 120-foot torpedo weapons retriever TWR-841 just south of Prudence Island as she makes her way back home.
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Today's big bass at Prudence
Fishing aboard the charter boat Can't Imagine , Billy Silvia's unnamed clients caught stripers as large as 28 pounds off Potter Cove this morning on menhaden.
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East Bay blackfish bite
"We took a dozen keepers in 20 minutes this morning" The tautog bite is "phenomenal," according Billy Silvia, skipper of the charter boat Can't Imagine. via Providence Journal
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More Reviews
Roger Williams Park Zoo is the Ocean State's largest tourist attraction, welcoming close to 650,000 visitors annually. via AOL City Guide
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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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