Awendaw, 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
| Awendaw, South Carolina News |
Kentucky: UK To Play In The Hootie at Bulls Bay Intercollegiate
The 51st ranked Kentucky mens golf travels to Awendaw, S.C. to play in the fourth annual Hootie at Bulls Bay Intercollegiate against an all-star field that includes six teams ranked in the nations top-25. The ...
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Red Wolf Feeding - Sewee Visitor Center
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Take the Kids: SC Raptor Center Gives a Hoot
Kristin Gordon, Curator of the Center for The Birds of Prey, holds a Ural owl during a demonstration... Kristin Gordon, Curator of the Center for The Birds of Prey, holds a Ural owl during a demonstration at ...
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Leads few in hit-run fatality
Freddie Capers has visited his son's grave in Awendaw almost daily in the weeks since a hit and run on Ladson Road claimed the 9-year-old's life.
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South Carolina raptor centre gives a hoot, educates public
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On the go
Wednesday Movie: "Recess: School's Out" will be shown at 2 p.m. Wednesday at St.
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Credit union seized, closed
Port Trust Federal Credit Union at 2000 Sam Rittenberg Blvd. in West Ashley has been closed by the National Credit Union Administration, a federal agency.
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Town clerk sentenced, must repay $7,500
A former Awendaw town clerk and treasurer pleaded guilty Tuesday to embezzlement of public funds of more than $5,000. Felisha Carina Woodberry, 29, was charged with embezzlement in May 2007 after Town ...
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Driver charged in deadly crash
Police arrested a driver on felony drunken-driving charges after a crash that killed a motorcyclist Wednesday night on Rifle Range Road.
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Motorcycle Driver killed in Mount Pleasant; Woman Charged
A man is killed while driving his motorcycle on Rifle Range Rd. in Mount Pleasant and a woman is charged with driving under the influence.
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Accident claims life of motorcyclist
An Awendaw man was killed Wednesday night in an accident involving his motorcycle on Rifle Range Road.
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Seewee offers nature instruction, enjoyment
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Sewee Visitor Center
To register for programs at the Sewee Visitor and Environmental Education Center, 5821 U.S. Highway 17, Awendaw, call 928-3368. Summer Movies for Families: 2 p.m. every Wednesday in July.
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Arrest in Friday robbery at Mt. P. bank
Police have arrested a man suspected in last week's robbery of the Wachovia Bank on 507 Coleman Blvd.
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Mr. and Mrs. Ray Clinton Overstreet
Molly Garrett McDannald and Ray Clinton Overstreet were united in marriage at 5 p.m. Saturday, May 24, 2008, at Fountain Inn Presbyterian Church.
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Charlton Singleton
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Monitoring helps define rarely seen bird's habitat
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Birds of Prey opens to public
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LETTERS: Teamwork stopped 1999 IOP fire
Fire Chief Ann Graham of the Isle of Palms Fire Dept., which, with area assistance, fought a massive blaze on Aug.
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Legislation could allow private sewage plants, overturn regional ban
The Legislature is considering a bill that would strip regional councils of governments of their authority to prohibit privately-owned sewage treatment plants.
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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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