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

Riverside, 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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Riverside, Rhode Island News
Owner, 32, looted East Providence title business

The former owner of a title insurance firm in East Providence pleaded guilty yesterday to a federal fraud charge for looting more than $1.3 million from company accounts and using the money for vacations, hair ...


After 30 years, new clue in mystery of missing mobster

The low drone of an orange backhoe hummed yesterday through the Riverside neighborhood where the authorities believe Joseph "Joe Onions" Scanlon was buried after he was shot in the back of the head in a ...


Digging for victim of mob hit suspended for second day

Journal photo / Bob Thayer Law enforcement officials look on as two backhoes dig today for the remains of a mobster believed to be Joseph "Joe Onions" Scanlon in a side yard of an apartment complex at 378 ...


30 years later, digging for a mobster's body

Journal photo / Bill Murphy State Police detectives and FBI agents watch as a backhoe goes to work this afternoon in the backyard of Lisboa Apartments at 378 Bullocks Point Ave.


THOMPSON: 2 Killed In Crash

Two people were killed Sunday afternoon when their motorcycle ran off Route 12 in Thompson and plunged down a small embankment, state police said.


Pawtucket Foundation chief sings city's praises while looking to make it better

Singing the praises of Pawtucket is his day job. But Thomas A. Mann, Jr., the executive director of The Pawtucket Foundation, is also going to be singing a different tune this Sunday as part of the Mixed Magic ...


East Providence Senate candidate says she's the real 'new face'

Senate District 18 candidate Lynn Vargas tells residents not to be fooled by her opponent's claim that he is a "new face" in politics for East Providence.


Rehoboth looks to RI for its new police chief

A veteran of the East Providence Police Department is poised to become the town's next police chief.


Online Sweepstakes: Contractor Hopes to Become More Efficient With ProLandscape Software

In the struggling economy, Frank Borges thought he would be lucky to get enough work this summer.


Learn about animals in Bristol

Be bugged. Insects are among the special guests tonight in Dave Marchetti's "Animal Experiences," at the Riverside Branch Library, 475 Bullocks Point Ave., East Providence.


Eviction: Forcing people from their homes

Constable Mike Caires begins work at 5 a.m., in order to catch people before they leave their homes.


Eviction: Forcing people from their homes

He could drill the lock until the doorknob pops off, but it might take three, four, even five tries - bearing down on the drill until his hands hurt.


Happy birthday, dear Lonsdale

Todd Grammer - Forestdale, RI Whether it's baseball, sundresses or the outdoor seating at your favorite restaurant; there's a lot to appreciate about the upcoming season.


Thinking twice before filling up

"I don't know what will happen - every week, everything is more expensive."

Holding her yellow umbrella against the sleet, Wanda Perez stepped into an urban stream Monday that coursed down Hartford Avenue in Providence. via Providence Journal


At last, Rhode Islanders will participate in OKC marathon [50 mins ago]

"The events of April 19, 1995 mean a lot to me"

Reading through Oklahoma City Memorial Marathon results for the last seven years is a bit like taking a world geography class. via The Oklahoman


Martial plan: Developing sport of ultimate fight gets assistance from lawmakers

"If this legislation passes, I will do what I'm told, but I'm telling them, give me the people and the opportunity to have them trained"

When Mat Santos first introduced ultimate fighting classes at his gym six years ago, only a handful of students enrolled. via Providence Journal


Job Prospects Bleak For College Grads

"I'm concerned about it but at the same time I'm optimistic because I've gone on three interviews in New York City and I've got a job prospect in Providence at Fidelity Investments"

Graduation is just around the corner and job prospects are bleak for college seniors. via WJAR-TV


Audubon's Earth Day is planet's birthday party

"Until then, they think, 'How does a global issue affect my life?' But when it's concrete and right in front of you, such as the price of gas, it makes the abstract realistic."

Join the party. Honor Mother Nature. Earth Day approaches. "This is the planet's birthday," says Jeff Hall, senior director of advancement at the Audubon Society of Rhode Island. via Providence Journal


Top lawyer for DEM steps down

"The state is discussing with Ms. Fairweather what role, if any, she will have in continuing to provide legal services to the administration. No decisions have been made."

Patty Allison Fairweather, who has been at the center of a string of controversies while serving as the top legal counsel at the state Department of Environmental Management, has left the state agency. via Providence Journal


Charity Sues Hospital Over Free Bed

"It just seems illogical to me that a quote-unquote 'permanent free bed,' which by its very name suggests that it is to last forever, can somehow not last forever"

When Louisa Lippitt died in 1912, the wealthy widow left $4,000 to Rhode Island Hospital on the condition the money be used to provide a permanent free bed for needy patients, to be selected by a favored ... via WJAR-TV


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)