West 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
| West Warwick, Rhode Island News |
R.I. DMV closing two branches
WEST WARWICK, R.I. a ' Your choices for the DMV has just been limited by two. The state of Rhode Island announced on Tuesday the closing of the West Warwick and Westerly branches of the Division of Motor ...
|
Family continues Thanksgiving tradition
When you think of Thanksgiving day, several things come to mind. Families coming together to give thanks, turkey, and let's not forget football.
|
New Coventry council sworn in
It's fun in the political world, said Gov. Donald L. Carcieri as he welcomed new members to the Coventry Town Council.
|
RI House speaker won't rule out tax increases
House Speaker William Murphy will not rule out tax increases this year to close Rhode Island's massive budget deficits.
|
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 ...
|
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.
|
Teen pleads not guilty
A West Warwick teenager entered pleas of not guilty during his arraignment in Kent County Superior Court yesterday on several charges related to a traffic accident that claimed the life of a West Warwick woman, ...
|
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.
|
Joint effort to fight underage drinking
For years, Rhode Island's 35 task forces have tried to curb teen drinking through local programs.
|
More delays for Station fire victims' settlements
Victims of The Station nightclub fire aren't going to get any of their settlement money in time for Christmas.
|
Inmate dies mysteriously
A Rhode Island prison inmate's death remains a mystery after testing fails to pinpoint a cause.
|
Council to be sworn in
The new - or not so new - members of the West Warwick Town Council and School Committee will be sworn in Monday at the West Warwick High School Auditorium.
|
News to use
Nominations sought: Do you know a graduate of Providence's Classical High School who has been extraordinarily successful in his or her career or in community service? If so, the Classical High School Alumni ...
|
Kristine M. Drouin
Kristine Marie Drouin, 42, of Willow Street, died Saturday, Nov. 1, 2008, at Kent County Memorial Hospital in Warwick, R.I. She was born in Concord on May 3, 1966, to Audrey Ashford and Maurice Boomhower and ...
|
In West Warwick, new dialogue over school spending
There's a $1.1-million conversation starting here that officials say is long overdue.
|
Website Designed to Help Find Missing Children
This news article stresses the importance of using today's technology to improve our lives and the important role emergencysticker.com plays in protecting societies most vulnerable.
|
Money dries up for proposed West Warwick water park
The $150-million resort and indoor water park slated for the West Warwick Business Park is on hold at least until the spring as developers search for money to build it.
|
Waterpark resort slated for W. Warwick on hold
The $150-million resort and indoor waterpark slated for the West Warwick Business Park is on hold at least until the spring as developers search for funding in this tumultuous economic market.
|
Rhode Island Senate leader ousted
The president of Rhode Island's state Senate was unseated in an upset Tuesday by a self-funded retiree who criticized the incumbent's ethical lapses and called him an out-of-touch leader responsible for an ...
|
In hard times, people respond generously to food drive
Surrounded by white plastic bags filled with canned and boxed food on Saturday morning at the fire station on Sandy Lane and West Shore Road , Mary Alice Conklin told the story of Nick Bianco with excitement.
|
|
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.
|
|