Hanahan, 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
| Hanahan, South Carolina News |
Faith-based clinic offers wide range of free medical care
Shonta Snider was one of the first to take advantage of the new Dream Center Clinic on Tuesday.
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COMMENTARY: Could elected-leader mandate start trend?
Finally there's an answer to a question that has been the source of long-standing political agitation in Berkeley County.
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Photos Glyph
Posted on Tuesday, December 30, 2008 at 4:45 p.m. Lexington County Sheriff's Department detectives are searching for a 44-year-old Hanahan man who is wanted on an arrest warrant for armed robbery in connection ...
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Detectives searching for man wanted in robbery
Tuesday, December 30, 2008 at 4:45 p.m. Lexington County Sheriff's Department detectives are searching for a 44-year-old Hanahan man who is wanted on an arrest warrant for armed robbery in connection with a ...
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Suspect ID'd in Christmas Eve bank robbery
North Charleston police identified a 44-year-old man as a suspect in the Christmas Eve robbery of First Citizens Bank on University Boulevard.
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Three Things That Warmed My Heart Today
It's mighty chilly here in the northeastern U.S., with enough ice on the roads to make getting to school and back today a slippery slide-y affair.
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A Layoff Results in a Xmas Gift for One Family
One man made an amazing sacrifice this holiday season. If a computer was on the fritz or an e-mail couldn't be opened, teachers and students went to the pair for aid.
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Ex-jail chief due back in court in Feb.
Arnold Pastor, the former Dorchester County jail chief accused of stealing $360,000 from the jail fund, is due back in court in two months, according to the state attorney general's office.
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3.6 Magnitude Earthquake Felt in the Lowcountry
The U.S. Geological Survey recorded a small earthquake Tuesday morning at 7:46 a.m. The earthquake measured 3.6 on the Richter Scale.
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Melvin Hamilton Stepp
Melvin Hamilton Stepp, 70, died Friday, December 12, 2008, in the Palmetto Health Richland Heart Hospital.
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High court to hear enemy combatant case
For 5 1/2 years, the Bush administration has kept Ali Saleh al-Marri in virtual isolation inside the Navy's brig in Hanahan.
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Wing's Neighborhood Bar & Grill
Phone: 824-9464. Hours: 11-2 a.m. Bathrooms: Gender-specific and adequate. Happy Hour: 4-7 p.m. Prices: $3 domestic.
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SC Mental Health absorbs steep budget cuts, patients at risk
Sandi DeVore suffers from bipolar disorder, marked by dramatic mood swings between mania and depression.
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ABC News 4 - Trading in Guns for Cash
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Former Florence tattoo artist charged with breach of trust
A former Florence tattoo artist faces charges of taking money for his personal use while working for a local tattoo business, Florence Police Maj.
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Business Boom
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Future role of Hanahan brig under review as Guantanamo faces possible shutdown
Lindsey Graham says. Most everything about the brig is wrong for holding terror detainees into the future, including its location near Lowcountry urban population centers, he contends.
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Fonda Ackerman
North Charleston police need the publica s help in locating a Summerville woman who was still missing at press time Tuesday, five days after she was last seen at a doctora s appointment.
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Former deputy solicitor reprimanded for gambling
The S.C. Supreme Court has publicly reprimanded former First Circuit deputy solicitor Don Sorenson for gambling illegally, but he can still practice law.
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Former prosecutor receives reprimand
A former Dorchester County prosecutor who was charged after a poker house was raided in Hanahan this year has been given a public reprimand by the state Supreme Court.
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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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