Belton, 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
| Belton, South Carolina News |
Belton woman severely beaten
A 80-year-old woman from Belton suffered severe injuries when she was badly beaten in the head and face by an intruder who invaded her home while she was on the phone early Tuesday, a spokeswoman said.
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Lethia Belton Richardson
Mrs. Lethia Belton Richardson, daughter of the late Thomas Glenn and Louise Howell Belton, was born in Fairfield County, Ridgeway, SC, June 11, 1927.
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Six charged in meth busts in Anderson County
Anderson County deputies have charged six people with involvement in making methamphetamine, a spokeswoman said Wednesday.
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Teen Pregnancies on the Rise
Children having children. Shameika Williams is one of them. Her dream is to be a registered nurse, but her reality is she's five months pregnant and still in high school.
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Second man arrested in fatal motorcycle crash
The second of three suspects sought in a crash that killed a Belton man in Anderson County on Nov.
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Troopers Release Names Of Hit-And-Run Suspects
A search is under way for two men police said fled the scene of a deadly crash in Anderson County.
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Police: Driver Flees Fatal Motorcycle Wreck
Deputies and police are looking for a driver who they say fled on foot after a head-on collision in which a motorcyclist was killed.
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Driver sought in fatal Anderson crash
A 24-year-old motorcyclist from Belton was killed Thursday when an unidentified motorist struck his Suzuki on Broadway Lake Road, then fled, the Anderson County coroner said.
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Sarah McGill Ruggles
Sarah McGill Ruggles, 92, formerly of Williamston Road and Anderson Place, Anderson, died Friday, October 31, 2008, at Autumn Care of Statesville, North Carolina.
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Chance to review health insurance leaves many people confused
It's open enrollment season and millions of American employees are evaluating insurance documents to choose the best health plan for themselves and their families -- or are they? More than six in 10 "default" ...
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Readers' letters for Oct. 28
Vote 'No' on sales tax in Anderson Why did Anderson County take so long to send out the new property tax assessments? Inefficiency or planned so they would come only weeks before the November election and ...
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Bus rear-ended by car this morning
A car crashed into the back of a school bus as it made its rounds picking up students in Belton this morning.
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School Bus Accident With Possible Injuries
The South Carolina Highway Patrol is at the scene of a wreck involving a school bus.
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More
Despite a slight decline in South Carolina's unemployment rate in September to 7.3 percent, employment officials aren't cheering the news.
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Anderson landfill generating station harnesses power of methane gas
BELTON -- Startup of a new $3.8 million generating station announced Tuesday turns waste into energy to fuel homes and businesses in a state poised to grow by another million people by 2025.
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Car Dealership Closes Doors, Cites 'Economic Conditions'
An Anderson County car dealership has closed its doors, a victim of the struggling economy and credit crunch, the business owner said.
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Insurance tearing up farmers' incomes
A premium hike of $100 a month, or $1,000 more in the yearly deductible. That's the choice Belton farmer Andy Callaham faces now with his health insurance.
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Nature walk, festival are family events
The first weekend of October isn't as busy as later weekends of the month promise to be, but there are a couple of family events you might want to check out.
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Gasoline supplies remain tight throughout state
The Upstate is currently getting 50 percent of its normal load of gasoline, experts said Monday, as another workweek began with sporadic outages at the pumps.
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"He Had a Devilish Look in His Eyes"
A Richland County woman held at gunpoint by an armed robber speaks out about terrifying ordeal.
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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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