Warwick, 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
| Warwick, Rhode Island News |
DMV closes two branches
The Director of the Department os Revenue announced the closing of the Westerly and West Warwick DMV branches, effective January 1, 2009.
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AKC dog show moves from Mass. to RI
After nearly a century in Boston, the Bay Colony Dog Show will be held in Rhode Island next year.
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On gas prices, oil pirates and annoying e-mails
Is it good news that the price of gasoline is down, or bad that it took a near-depression to do it? I prefer Johnny Depp as Captain Sparrow over the pirates holding that oil tanker.
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Debate continues over state's new sex-offender bill
Late in June, in the waning hours of the General Assembly's 2008 session, a law passed making it a felony for any registered sex offender to live within 300 feet of a Rhode Island school.
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Fung names transition advisors
Saying he wants to use a 'business model' during his transition, Mayor-elect Allan Fung has appointed the members of his transition team out of his circle of professional acquaintances - people who are not in ...
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Warming up the wallet to buy bargains in Warwick
They don't call them doorbusters for nothing. About 700 people piled into the Best Buy on Route 2 before dawn today to snap up discounted flat screen TVs, laptops, digital cameras and DVDs.
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Warwick, Cranston to consolidate services
By JOHN HOWELL With the state financial picture only getting bleaker, signaling cuts in state aid to cities and towns in the current fiscal year, Mayor Scott Avedisian isn't wasting time to explore ways to cut ...
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Noise Campaign spice up RI
The West Warwick-based quintet the Noise Campaign have rocked plenty of local dive bars and club stages across Rhode Island in recent months, and this spry crew of 20- and 21-year-olds will begin recording ...
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RI man suspect in area holdups
A suspect in about a dozen robberies in Massachusetts and Rhode Island, including four in Seekonk and Attleboro, was arrested early Friday morning, allegedly after fleeing a robbery in Foster, R.I., and leading ...
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88-year-old woman dies in Warwick fire
Fire and police officials are investigating the death of an 88-year-old woman who was burned in front of her gas kitchen stove and whose son and daughter said she was known to warm herself up in front of the ...
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Three fires in West Warwick
A house fire in West Warwick on Saturday sent a man to the hospital and was only one of several incidents that kept West Warwick Firefighters busy over the course of the day, according to the fire chief.
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Wives confirm IDs of 2 men killed in Smithfield plane crash
The two men killed in a plane crash yesterday in Smithfield are Ronald Tetreault, 64, of Glocester, and Robert Zoglio Jr., 43, of Richmond, their wives said today.
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Meeting to address concerns over sex-offender
Warwick police will hold a meeting Monday night in response to public concern about a convicted sex offender who lives in the Craig Street area.
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Graeme Kapko, fatal Warwick crash, drunk driving, Warwick, Rhode Island
A West Warwick teenager charged as an adult in a March car crash that killed a 46-year-old mother of two pleaded not guilty this morning during his arraignment in Kent County Superior Court.
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Joint effort to fight underage drinking
For years, Rhode Island's 35 task forces have tried to curb teen drinking through local programs.
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Players take to the 'Mattress'
With the temperature dropping and holiday decorations going up, it doesn't just mean the end of fall is near but also that it's time for Pilgrim 's annual musical performance.
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Warwick Convenience Store Robbed
WHJJ News, Providence, R.I.- A convenience store in Warwick is the lastest business in the past several days to be robbed by a man who said he was carrying a gun.
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Closed school may reopen
WARWICK, R.I.a 'A former school building in Warwick may re-open as part of the Rhode Island School For The Deaf.
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Shellfisherman seek Council OK to use city dock in Apponaug
The City Council is poised to pass a resolution that will clear the way for a group of local shellfishermen to dock their boats on city property at no charge.
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Police report reveals arbitrary scheduling, grading at Toll Gate
A police investigation into Toll Gate raises questions and levels profound accusations about the integrity of the school's grading and scheduling policies-but finds no criminal wrongdoing.
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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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"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.
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