Andrews, 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
| Andrews, South Carolina News |
Police | Andrews man's body found in ditch
The Wednesday meeting of the North Myrtle Beach Area Historical Museum board of directors has been canceled, according to a news release from Nicole Aiello, the city's public information officer.
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Andrews man dies in overnight crash
A 20-year-old Andrews man died in a vehicle wreck early Saturday morning as Tropical Storm Hanna came ashore, and emergency crews did not find the man's body until about noon, according to Georgetown County ...
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Mary C. Jeffords
Mrs. Mary Emma Colclough Jeffords, age 95, died August 29, 2008, in The Oaks. A graveside service will be held at 11 a.m. Wednesday, September 3, 2008, in Memorial Park Cemetery with Rev.
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Beach, Boogie & BBQ Festival winners announced
The Myrtle Beach Area Chamber of Commerce's third annual Beach, Boogie & BBQ Festival on Friday and Saturday produced many other winners besides the Smoke on the Beach barbecue championship, for which JT's BBQ ...
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Andrews special meeting tomorrow
Lack of quorum prevented Andrews Town Council from voting to award a contract to a Florence-based construction firm for the Downtown Improvement Project.
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Charlton wants one more shot
Georgetown County Councilman Ron Charlton has been serving since 1996 and will hang up his hat after 2012 if he wins his bid for reelection in November.
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Sanderson puts focus on jobs
Monday is Labor Day which, traditionally, has been the unofficial kickoff for the election season each year, especially in local politics.
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Flirting man accused of using hatchet on boyfriend of female acquaintance
A 29-year-old man suffered several injuries when a 47-year-old Duke Street man allegedly attacked him Monday night.
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Andrews to vote Friday on contractor for Downtown Improvement Project
Published on 8/27/2008 Written by Meredith Carter Andrews Town Council will have a special meeting Friday at 9:30 a.m. at the Town Hall Courtroom, 110 N. Morgan Ave., to choose a contractor for phase one of the ...
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School doors open
Georgetown County students bid a fond farewell to the lazy days of summer Thursday as all area schools -- including the new Waccamaw Intermediate School -- opened their doors for the start of the 2008-09 school ...
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Warrants issued on Andrews man for assault, criminal domestic violence
Andrews police have warrants on a Laurie Street man for assault and battery and criminal domestic violence after he allegedly assaulted his wife and his 15-year-old stepson Aug.
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Search for shooting suspect continues nationwide
A nationwide search continued Thursday for a man connected to a slaying in Andrews.
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Pet raccoon exposes family to rabies
Confirmed cases of the virus are on the rise. At least 10 of the 27 cases since 2005 involved raccoons.
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Shooting investigation in Georgetown County
Thursday, August 14, 2008 at 6:41 p.m. Police in Georgetown County are investigating a deadly shooting.
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Man killed, teen shot on street in Andrews
An Andrews man was shot and killed and a teen was injured after a round of gunfire erupted Wednesday night on Main Street, said Andrews police investigator Eddie Lee.
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One dead, one injured in Andrews shootings; Gunman at large.
Published on 8/14/2008 Written by Scott Harper One person is dead and another was injured after they were both shot on West Main Street in Andrews late Wednesday night.
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Coroner: Boy crushed to death by truck
A 12-year-old boy is dead after what appears to be an accident in rural Georgetown County.
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Faith Upcoming
Services Good Shepherd Outreach Ministries, pastors Richard and Joan Hampton 118 Commerce St., Sumter, offer the following: K-5th after school and summer programs.
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Saluda River Sewage Spill: State faulted for response
State officials are checking contamination from a sewage spill in the lower Saluda River at nine sites.
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Browns Ferry leader chosen
Effective today, Browns Ferry Elementary School's new principal is Bethany Giles-Burgess. Giles-Burgess, 29, former assistant principal at Rosemary Middle School, beat out four other finalists for the post, the ...
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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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