Alcolu, 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
| Alcolu, South Carolina News |
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Joe Perry / The Item Jefferson Isaac, 74, crouches alongside his 162-pound pumpkin on his farm in Gable recently.
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Toxic Gas Contained, No One Injured in Silo Fire
Clarendon County firefighters are investigating a fire at a farm near Alcolu, where they thought a toxic gas was released for a brief amount of time.
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Haz-mat team dispatched to Clarendon County
Sumter Fire Department's COBRA team responded to a potentially hazardous situation in Alcolu on Wednesday.
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When the inaugural Pig Tales Festival was over and done with in October, Friends of the Library President Janet Meleney said it was better than they could have ever hoped.
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When the inaugural Pig Tales Festival was over and done with in October, Friends of the Library President Janet Meleney said it was better than they could have ever hoped.
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Officials Find Dying Horse by Highway
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Horse left on side of road to die in Clarendon Co.
The Clarendon County Sheriff's Department is investigating several tips in a case of animal cruelty and animal neglect.
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Clarendon hopefuls pitch their r sum s
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ARRESTS: Kimberly Beth Kadin McKenzie, 27, of 1462 Kenwood Drive in Manning was arrested at 11 a.m. March 19 at her home and charged with criminal domestic violence. via The Item
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Disabilities director arrested on sex charges
"She also failed to contact authorities." Sherill Holder, 50, of 692 Pringle Drive, was charged with third-degree criminal sexual conduct by Sumter police on Tuesday. via The Item
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Care Facility Supervisor Charged In Abuse Case
Manning - The Clarendon County Sheriff's Department has charged a supervisor of a special needs facility in Alcolu for failing to report the abuse of a resident. via WLTX-TV Columbia
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Man Arrested For Assulting Special Needs Resident
CLARENDON COUNTY - " A Manning man was arrested and charged with assaulting a man in a special needs home. via WLTX-TV Columbia
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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