Beaufort, 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
| Beaufort, South Carolina News |
One killed in car wreck on Highway 17
A car passenger died Tuesday in an accident on U.S. 17 just north of the Ashepoo River, and a six-month-old child hurt in the same wreck was transported to the Medical University of South Carolina with ...
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Former Beaufort chiefs join sheriff in quest for accreditation
Beaufort County Sheriff P.J. Tanner introduces the co-managers of the Sheriff's Office's accreditation process, Jeff Dowling, middle, and Bill Neill during a press conference at the Beaufort County Law ...
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Beaufort Boys & Girls Club gets new computer lab
It's been eight years since the kids at the Beaufort Boys & Girls Club walked into their computer lab and saw the latest technology on the tables.
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Med students launch AIDS awareness program
South Carolina has the ninth-highest rate of HIV/AIDS in the nation, but 25 percent of those infected don't realize they carry the virus, Beaufort health care providers say.
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First-in-line man camps out for 36 hours to snag Christmas sales
Waiting in line for the early-morning Black Friday sales isn't a whim for one Beaufort resident -- it's a tradition that's three years strong.
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Request unlocks details from 2006 school lawsuit settlement
The Beaufort County School District paid $14,000 to settle the sexual harassment claim of a former elementary school Spanish teacher, even though an internal investigation determined she willingly took part in ...
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Beaufort is historically important, eh?
Submitted by Meghann Ackerman on Tue, 2008-11-25 13:30. Sometimes, just for fun, I Google the place I'm living to see if anyone else is talking about it.
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Pharmacy closing after half a century in Beaufort
When Charles S. Aimar Sr. opened his pharmacy in Beaufort in 1952, a 100-tablet bottle of blood pressure medicine cost about $8. Pharmacists traveled out of state for some medications.
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Marine Corps helps recruits win the battle of the bulge
Overweight his entire life, Pfc. Cory Haynes was ready for a change. An October graduate of Marine Corps basic training at Parris Island, Haynes' journey to become a Marine started well before passing through ...
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Vision for Beaufort will take cooperation
A week of public meetings on Beaufort's future has come and gone, and now comes the hard part.
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Councilwoman's apology unlikely to persuade
Beaufort County Councilwoman Laura Von Harten's apology over remarks she made about the Catholic Church is welcome, but probably will do little to appease critics.
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Mother, daughter find ways to communicate despite 2-year-old's handicaps
April Garrison wears large rings on all her fingers, even though she says she doesn't particularly like jewelry.
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Beaufort Citizens ....for Tom Davis Unity..
Will TOM DAVIS stand up to DHEC...to Waste Management....for the Citizens?? Submitted by zoomer on Thu, 2008-11-20 11:14. Citizens across South Carolina...... as per the article running in the State... ...
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Beaufort swing bridge opens, but won't close
Traffic in and around downtown Beaufort was snarled Wednesday after a broken gear box on the Richard V. Woods Memorial Bridge broke at about 1:15 p.m. and forced the swing bridge to close to motorists.
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Beaufort business hold annual coat drive
With the temperatures dropping, most of us wouldn't leave home without a coat. But many in our community don't have one.
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Remarks about church provoke criticism
Several Beaufort County residents and officials expressed surprise and anger Tuesday after County Councilwoman Laura Von Harten criticized the Roman Catholic Church's stance on women and reproductive rights ...
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Trial begins for Bluffton man accused of killing a motorcyclist in an alleged drunken-driving wreck
The trial of a Bluffton man accused of killing a motorcyclist in an alleged drunken-driving wreck in August 2007 is scheduled to begin this morning in Beaufort.
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Residents help snuff out Beaufort kitchen fire
City of Beaufort firefighters work on a ground-floor apartment where a small fire broke out at the Parkview complex Monday.
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Habitat for Humanity finishes third of five Beaufort homes
Courtney Watson, right, turns the key to open the door to her family's new Habitat for Humanity home Sunday afternoon at Prince and Hamar streets.
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Beaufort gets some new restaurants
Beaufort County now has even more choices for dining out.n Earlier this month the area's first Bonjangles' Famous Chicken 'n Biscuitsopened at 109 Robert Smalls Parkway.
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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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