Barnwell, SC Divorce Buyout in South Carolina
Since 1979 Somerset Investors Corp. 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
| Barnwell, South Carolina News |
Trial begins in case of murdered Barnwell Co. pastor
The man accused of killing a Barnwell County pastor was in court on Tuesday. Reverend Phillip McCreary was found shot to death near his favorite fishing spot off Highway 39 in July 2007.
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Nuclear waste piles up in state
The Beaver Valley Power Station in Shippingport could run out of space for its low-level radioactive waste in two to five years.
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Agency suffers shortcuts of money and employees
Tim Hicks/ Managing Editor Doing more work with less resources is a mantra that many businesses and government agencies are getting to know all the better with the slowing economy.
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Gambling revenue might cut pain
Legalizing video poker and other gambling could bring the state new tax revenue to fund such programs as the Charles Webb Center that are being axed because of the budget crisis, state Sen.
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Critics seek major changes
Troubles at the state Department of Health and Environmental Control are prompting calls for a new environmental protection agency and more accountability to safeguard South Carolina's landscape and public ...
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Tim Hicks/ Managing Editor With every presidential election, a bit of American history is made - some more than others.
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Williston robbery becomes major case
Tim Hicks/ Managing Editor A suspect in the armed robbery of a Williston grocery store now sits in a Richmond County jail awaiting extradition back to Barnwell County to face charges here.
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Complaints about secrecy easy to find at DHEC
Locked in a government storage room are files that tell the story of a leaking nuclear waste landfill near Barnwell.
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Suspected Catalytic Converter Thieves Arrested
Lexington County deputies arrested four men they say were responsible for stealing catalytic converters from vehicles at a Gaston automobile auction.
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Searching for scholastic solutions
Brainstorming: Dana Bell, clockwise, far left, Travis Black, Kenneth Myers, Catherine Geter and Lee Clamp put their heads together during the small group portion of the Mission Barnwell meeting Nov.
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Toys for Tots campaign begins to fill stockings for needy children, families
The Marine Corps Reserves Toys for Tots campaign officially opened on Nov. 1 when officials began accepting letters from children and families.
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Hospitals faced with radioactive problem
Low-level radioactive waste is piling up at hospitals and that has terrorism experts concerned it could fall into the wrong hands and be used in a dirty bomb.
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Penny tax favored a " but many absentee votes left to count
The penny was still up in the air Tuesday night, although early projections have the referendum as being approved by voters by a slim margin.
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Gas prices down, may get lower
Orangeburg regular unleaded gasoline prices are falling with the temperatures, reaching levels not seen locally since March 2007.
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PalmettoPride announces KSCB and tree grant recipients
Columbia, SC -- PalmettoPride has awarded two of five grants in their PalmettoPride Grants program: the KSCB Grant and the Tree Grant.
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People line up for a chance at a job
Job seekers lined up in the cold at the Prince of Orange Mall on Thursday morning, waiting for a regional job fair to open for business.
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Horsehead begins construction
Laura McKenzie/ Publisher The dust created from the dozen or so shovels of dirt tossed during the ground-breaking Tuesday morning, Oct.
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SC publishing company names new president
Travis O. Rockey will take over as president and chief operating officer of the Evening Post Publishing Co.
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Jobless rates result of Bush-McCain
I have been keeping tabs on the unemployment rates around the area, and the numbers are jaw-dropping. The unemployment numbers in Bamberg, Barnwell and Orangeburg counties are all about double the national ...
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New Jobs Headed to Barnwell County South Carolina
The dirt has been turned at the new home of Horsehead Corporation. The company is bringing several jobs to Barnwell County and for people like Miles Loadholt its a great investment.
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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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