Warren, 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
| Warren, Rhode Island News |
Bristola s woodsy, waterfront community
There are a number of housing developments along the Warren River and Narragansett Bay waterfront west of Hope Street in Warren and Bristol, bordered by the water and the East Bay Bike Path.
|
Friends find each other on the bus
There were two guys named Steve. One became Portsmouth Steve, the other Wampanoag Steve.
|
Is It Thanksgiving Without Smallpox?
Posted 11/26/2008 11:01 AM CST The following is from an article called " The Truth About the First Thanksgiving" by James M. Lowen.
|
Johnny Animation: November 24, 2008
Warren, R.I. Started in 1996 by Matt Morin, Johnny Animation is a full-service motion graphics, animation, and video postproduction company.
|
Cheap lobster not grabbing retailers
November's by-the-pound lobster prices are the lowest in at least 20 years in the Ocean State and are causing a slowdown throughout the region for lobstermen and lobster-based economies, but the bottomed-out ...
|
The Arc of leadership
Michael Andrade, executive director of The Arc of Northern Bristol County. - A self-proclaimed "Plan A, B, C, D person" reflects well on the social service agency he oversees.
|
Volunteers sought to help a -
Volunteers are needed on Thanksgiving Day to help prepare and deliver holidays meal for the homebound, elderly and needy in Warren, Barrington, Bristol and Riverside.
|
Grant provides some homeless shelter, stability
Until recently, Rhode Island treated its chronic homeless population much the same way other states do.
|
Bristol fire veteran dies responding to call
A Bristol volunteer firefighter died at home early yesterday as he was preparing to respond to an automobile accident on Wilson Street.
|
R.I. adds 500 voting booths to reduce lines at the polls
Two years ago, the Election Day holdup at some polling places didn't come from the people who checked your registration or the optical scanners that read your ballot.
|
Searching For The Great Pumpkin
WARREN, R.I. Call them "gourds gone wild" - pumpkins of prodigious size, grown by gardeners who freely admit that it's not just a hobby.
|
RI man charged in bus-stop robbery
Steven Bishop, of East Greenwich, was arraigned in District Court in Providence on Wednesday for second-degree robbery.
|
John B. Patterson -
John B. Patterson, 76, of Warren, died Monday, Oct. 20, 2008, at Rhode Island Hospital in Providence.A He was the husband of Lucille Patterson.
|
Interior designer revives Armory District Victorian
Interior designer Michael J. Chellel has owned his Second Empire-style Victorian house at 117 Parade St., in the Armory District of Providence, for the past 23 years, and though the house is on the market, it ...
|
Season of Giants
"In the world of competitive pumpkin-growing, this is Super Bowl time," announced Bloomberg.com in early October.
|
No animosity in Ward 2 rematch of Place, Desmarais
The race for City Council in Ward 2 is about as civil as it gets. 'Bruce [Place] is a great guy.
|
TAP-IN: 25 years of helping people
IN volunteer and president Sue Holmes receives a donation from former client Victoria Trail and her 13-month-old daughter Emma.
|
Busy week for strays -
The busy Warren roads seem to be the spot for stray animals this week, according to Warren Animal Control Officer Heidi Garrity.
|
Warren Walkabout
Want to walk? Wend your way to Warren. Today's the fifth annual Warren Walkabout.
|
home construction 'dead' in R.I.
Tom Santilli has been building homes in Rhode Island for 15 years, but as of late almost all of his attention and that of his 10 workers has been focused on two subdivisions in Connecticut that he's developing.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
|
|