Anderson, 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
| Anderson, South Carolina News |
Fire crew heading to Spearman Elementary in Anderson County
Spearman Elementary School is moving students away from a classroom which is reportedly filling with smoke and where a crackling noise has been heard in the walls, according to dispatch reports.
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Police: Meth lab could have caused SC explosion
Three people were injured after a car exploded in the parking lot outside an Anderson sports center in a blast officials say may be drug-related. Police spokesman Randall Williams say a mobile methamphetamine ...
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Man Found Shot In Anderson Co.
Police in Anderson County said a man was shot Wednesday night. The shooting happened at about 9:30 p.m. on Green Tree Road.
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Currencies trader faces federal indictment in Tenn
A foreign currencies trader already charged in South Carolina has been indicted in Tennessee for the same investment scheme that defrauded more than 300 people of at least $31 million.
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Greenville County drops 24 points on SAT
South Carolina's average on the SAT gained two points to 1461 and Greenville County dropped 24 points but remained above the state average, according to results released this morning.
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Aug. 23: Food inspections
Reports from the Madison County Health Department, based on recent inspections of restaurants and other places that serve food.
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Pendleton Farm Hunt Club in Anderson has openings
The Pendleton Farm Hunt Club in Anderson County has a limited number of slots remaining for new members, which includes an opening-day dove hunt planned for Labor Day.
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EDITORIAL: Board should honor Wilson
Those proposing that Anderson Elementary be renamed in honor of Johnny Wilson will meet at 5:30 p.m. Monday at the New Birth Worship Center, 403 W. 22nd St., Anderson.
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Gas prices continue downward trek
Bi-Lo - Wade Hampton at Tappan Road, Taylors - $3.269 Dodge's - Wade Hampton near Edwards Mill Road, Taylors - $3.269 Crown - Wade Hampton at Edwards Mill Road, Taylors - $3.269 Walmart - Wade Hampton, ...
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Applications being accepted from Upstate non-profits to benefit from 8th annual Foothills Gala
Clemson, S.C.-Applications will be accepted beginning Aug. 15, 2008, by the Foothills Gala Organization from non-profit organizations located in Anderson, Oconee and Pickens Counties.
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Anderson, Pickens start school
Parents and children, many gripping each other's hands tightly, made their way into classrooms throughout Pickens and Anderson counties Tuesday.
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Anderson votes to rezone Three and Twenty precinct area
Residents of the Three and Twenty precinct in northern Anderson County will awake Wednesday to a zoned precinct after a Tuesday vote of County Council.
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Man arrested in shooting
Staff writer A shooting in the Cokesbury Highway area claimed the life of one man Aug.
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Truck Crashes Through Anderson Hotel Lobby
A pickup truck crashed into an Upstate hotel while guests were in the lobby on Friday.
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Anderson County administrator sues 2 council members
Anderson County's administrator has sued two county council members, saying he wants to stop them from directing county employees.
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Dear Abby: Woman gets off high horse
Dear Abby: I wrote you about a year ago regarding my difficulty in finding a single, educated, relationship-minded man.
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Anderson zoning measure passes big
A referendum on zoning in one Anderson County district was overwhelmingly approved by voters Tuesday.
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Visitors once 'resorted' to Greenville for retreats
"Greenville summers are all June." That sure-fire advertising pitch in "Health Resorts of the South," published in 1890, was part of a multi-faceted campaign to expand the county's post-bellum summer resort ...
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Man arrested for lewd acts on kids
An Iva man has been arrested on charges of committing lewd acts on children at the Salvation Army's Boys and Girls Club in Anderson.
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SC man charged with lewd acts at Boys & Girls Club
An Iva man has been arrested on charges of committing lewd acts on children at the Salvation Army's Boys and Girls Club in Anderson.
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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 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.
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