Trenton, 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
| Trenton, South Carolina News |
Twelve more arrests made at house that was also raided in November
For the second time in as many months, Aiken County Sheriff's Office investigators have raided a North Augusta home and arrested more than a dozen residents on drug charges, according to officials.
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Anthropologie Coming to Chicago
Trenton, S.C.-based women's clothing retailer Anthropologie recently signed a lease to open a Chicago store, according to the Chicago Sun Times .
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Elizabeth Koon
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a oeOut Therea Somewherea : Reading The Collard Leaves
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Guardsmen bound for afghanistan
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Three-Vehicle Collision Kills One, Injures Another
One person is dead and another is injured following a three-car collision Tuesday morning.
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Name of Person Killed in Accident Released
Authorities have released the name of the man killed in a three-car accident near Trenton, South Carolina Tuesday morning.
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Woman dies in vehicle/pedestrian collision
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Two teens arrested in Trenton robbery
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Local News in Brief for Aug.
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Robberies compared7/29/2008
By KAREN DAILY Staff writer Aiken Public Safety detectives, investigating two armed assaults from the weekend, are talking with officers in neighboring jurisdictions about recent reports of similar activity.
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Four armed robberies in two days
Two counties are trying to figure out if four armed robberies in two nights are connected.
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Four armed robberies in two days
Two counties are trying to figure out if four armed robberies in two nights are connected.
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Four armed robberies in two days
Two counties are trying to figure out if four armed robberies in two nights are connected.
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Four armed robberies in two days
Two counties are trying to figure out if four armed robberies in two nights are connected.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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