Richland, 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
| Richland, South Carolina News |
High Winds Knock Out Power to Thousands
High winds knocked out power to thousands of people in the Midlands Friday. Late Friday afternoon a high wind warning was issued for most of the Midlands.
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This week in local government
Richland 2: 7 p.m. Tuesday at Blythewood Middle School, 2351 Longtown Road East, Blythewood.
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Richland mulls new park
Richland County is negotiating to possibly buy 128 acres along Lower Richland Boulevard, which once belonged to dairy farmer Sam McGregor, to develop a park, possibly including a golf course.
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Forensic Study Reveals Some Trexler Horses Starved to Death
Three horses exhumed from Richland, S.C., properties once belonging to the Trexler family died from starvation, according to a preliminary report issued by Melinda D. Merck, DVM, senior director of veterinary ...
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For S.C. gunmaker, business is booming
Tucked behind the Village at Sandhill shopping center, a factory pumps out hundreds of machine guns and rifles every day for U.S. forces fighting in Iraq and Afghanistan.
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Police find marijuana operation in Pasquotank garage
"Somebody spent a lot of time and knew what they were doing" PASQUOTANK COUNTY Charges may be filed as early as today against a couple who authorities say had a marijuana-growing operation in a room that had been converted from a garage. via PilotOnline.com
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Genealogy Query - SWINDLE : WILLIE
Birth mother, father, and two possible older siblings. Late June 1965 was my birth. via Cousinconnect.com
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Roll Call: Votes by Congress
"In the long run, this legislation encourages wasteful Washington spending through the broken process of earmarking." Here's how area members of Congress voted on major roll calls in the week ending April 18. via Spartanburg Herald-Journal
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Victim's parents want to bring cold case playing cards to SC
A couple whose son was killed in a shooting want to raise money to print playing cards featuring unsolved homicides and missing persons cases from South Carolina. via WIS-TV Columbia
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Online advertiser, SC attorney general settle
South Carolina businesses, schools and churches billed by a Florida company for Internet advertising they didn't know they were buying are eligible for restitution under a 26 state settlement. via Myrtle Beach Online
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Return of SC Guardsmen delayed
A spokesman for the South Carolina Army National Guard says about 200 soldiers expected to return this week are still in Kuwait because their flight was canceled. via WACH-TV Columbia
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Annie Myrtle Jacobsen
Services for Annie "Myrtle" Jacobsen, 83, of Lexington, will be held at 11 a.m. Monday, April 14, 2008 at Christ the King Lutheran Church. via The State - South Carolina
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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