Abbeville, SC Divorce Buyout in South Carolina
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including South Carolina, 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 SC
| Abbeville, South Carolina News |
Election to determine Abbeville's new symbol
Five months ago, the Abbeville City Council received copies of a presentation from Harrison Kohn outlining the steps to "capture the essence of Abbeville" through logo, theme, literature and Web site.
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Mayor blasts neo-Nazi fliers
A neo-Nazi group distributed fliers in the Chapin area last weekend about last month's shooting of a Little Mountain teenager and is planning a gathering in the next few days.
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Abbeville sees progress in grants
Last week, teachers across the state learned whether they had received grants from the EIA Teacher Awards program, and officials attribute local success to two factors: encouragement and hard work.
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27.AUG.08 Trooper Accused of Hitting Man Due In Court Today
Attorneys for SC State Trooper, Steven Garren, are expected to be in court today bringing several requests before a judge in Columbia SC.
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Greenwood man faces gun charges, several others
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Crime tip line established on Erskine campus
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27.AUG.08 Funnel Cloud Forms Over Abbeville
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Abbeville Opera House Wine Walk
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Police charge teen with robbery
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Ministry to have conference in Greenwood
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August Community Prayer Service
Location: Kingdom Life Training Center in Abbeville, SC 204 Spring St., Abbeville, SC 29620 See Directions at the end of this email.
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Smooth first day in Abbeville
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Abbeville to expand historic overlay
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Abbeville gears up for school
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Electrical cable to be built in silo
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Abbeville's dog day provides tons of smiles, wagging tails
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Abbeville school district honors principal at event
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Several file for Abbeville posts
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Abbeville superintendent transforms old car into part of his '60s stress reliever
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Genealogy Query - OWENS : TAYLOR
I am looking for ancestors of Timothy T. Owens. He was married to Sallie C. Taylor.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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