Rumford, 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
| Rumford, Rhode Island News |
Veterans Day observances set in several communities
Tomorrow, Veterans Day, Americans pay tribute to the service and sacrifice of the men and women have worn the uniform of the United States, protecting our nation's ideals and answering the call to duty in war ...
|
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.
|
No room: Kindergartens in East Providence wait for a place
Not every local elementary school-bound child will start today. Six kindergartners will stay at home for the first couple of days of school because the district does not have enough room.
|
A camp for the brave of heart
Under a sturdy old oak tree at the YMCA's venerable Camp Fuller, 4-year-old Olivia Helms shared a memory of her late father with three clowns - and an admiring crowd.
|
SUV crashes into house
A woman hit the gas instead of the brakes Wednesday and slammed into a house in Rumford, police said.
|
It's fun to eat at the YMCA
By Thursday, most moms and dads aren't looking forward to cooking dinner after a long day at work.
|
Rumford split-level draws the outside in
Raymond E. Johnston and M. Hazel Johnston asked architect Richard C. Niebuhr to build them a house that included a living and cooking area, a space for the family to socialize and sleeping quarters.
|
Jager loses momentum at NE Amateur
NEW! Book your teetimes online today. Show me how>> Any momentum Matt Jager took into the Northeast Amateur following his second round 67, came to an abrupt halt following today's third round at Wannamoisett ...
|
Kids' clutter, be gone
NEW YORK -- Children are constantly getting new stuff. On top of the new toys, clothes and art supplies that seem to come with each holiday -- even minor ones -- come birthday toys, clothes and art supplies.
|
No Recycling? No Trash Pick-up in East Providence
It's trash day for residents in the Rumford section of East Providence, where recycling has been encouraged for years.
|
Amended return may delay your rebate
Q: We had to do an amendment on our taxes on March 28, and we were wondering if this would hold up our rebate check.
|
Fire station firebombed
"Every single day, these guys put their lives on the line for the citizens of this community, and now their lives have been placed in jeopardy." East Providence Police and other law enforcement officials are still searching for clues as to why a Molotov cocktail was thrown through the window of a side foyer at the Fire Station #3 at 30 North Broadway in ... via The Pawtucket Times
|
R.I. prisons department recruit dies
A prisons department recruit has died during routine physical fitness tests at the Donald Wyatt Detention Facility in Central Falls. via WPRI-TV East Providence
|
Artists set Rumford firehouse ablaze with color and style
"Our dream is to put real glass in each hole, but that's like $1,300 apiece" The bathroom area, below, needed a lot of work when Wendy Edwards and Jerry Mischak bought the firehouse. 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
|
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
|
Citizens, NBC10 recognize Goodwill for service
"Citizens Bank is pleased to name Goodwill Industries of Rhode Island as the newest Champion in Action in the work force development category" Citizens Bank and NBC10 have named Goodwill Industries of Rhode Island as the 2008 second-quarter Champion in Action in the work force development category. via Providence Business News
|
Four Charged In ID Theft Scheme
A former Rhode Island Hospital security guard and three former RadioShack workers have been charged in a scheme to steal the identity of hospital patients. via WJAR-TV
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
|
|