Walhalla, 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
| Walhalla, South Carolina News |
Walhalla Middle School announces Spelling Bee winners
Walhalla Middle School Spelling Bee winners are, from left, Emily Penn, Susan Dixon and Ashley Levesque.
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Hard economic times tax local charities
December 4, 2008 - 12:05 a.m. EST Richard Kulber, director of the Golden Corner Ministries Food Bank on Radio Station Road in Seneca, has seen the number of families asking for a helping hand skyrocket because ...
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Lake Keowee deed restriction dispute ends in deal
December 2, 2008 - 12:00 a.m. EST WALHALLA a ' The overseer of Lake Keowee real estate made peace Monday with a property owner who built a detached, over-sized garage that defied deed restrictions at the ...
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Big plans afoot for Lutheran property on Lake Keowee
November 29, 2008 - 12:00 a.m. EST A cross carved on a preserved old oak tree trunk is a centerpiece at the 5-acre Biggerstaff Christian Retreat Center on Lake Keowee.
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Appalachian Christmas coming to Oconee Heritage Center
A tradition that has evolved over the past few years is to have the Christmas tree for the program decorated will all hand-made ornaments, in an 'old-fashioned' style, by the American Girls Club.
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State 11 to keep its 'scenic' status
State 11's status as a scenic highway is still intact, although a state committee had some concerns about commercialization along part of the corridor.
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Splish, splash in the Saluda
Hundreds of young trout - raised at the Walhalla State Fish Hatchery in Oconee County - make a splashing entry Wednesday into their new home: the Saluda River near Columbia.
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Former Aid To Sen. Lindsey Graham Sentenced
A former aide to U.S. Senator Lindsey Graham was given a prison sentence Thursday.
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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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Arrests made in home safecracking case
November 20, 2008 - 12:00 a.m. EST Photo Mark Allen Cox WALHALLA - A West Union man suspected of taking part in the theft of more than $8,000 from a womana s safe at her Walhalla home remained jailed on $75,000 ...
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Weekend wreck claims life
November 18, 2008 - 12:05 a.m. EST WALHALLA a ' A Saturday evening car accident claimed the life of a Walhalla man, the South Carolina Highway Patrol has reported.
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Wreck claims life of Walhalla man
State troopers say they are investigating a wreck on a gravel road that claimed the life of a 21-year-old Walhalla man.
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Deadly Wreck In Oconee County
A 21-year-old Walhalla man died when he lost control of his truck and struck a tree Saturday evening.
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Convention Bureau unveils new logo
November 11, 2008 - 12:04 a.m. EST Photo This is the new logo developed for the Mountain Lakes Convention and Visitors Bureau.
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County readies for first ISO study in 20 years
November 8, 2008 - 12:04 a.m. EST Photo What's ISO The Insurance Services Organization is an arm of the insurance industry that applies common criteria to fire departments and districts across the nation.
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Earle House renovations taking shape
November 5, 2008 - 12:00 a.m. EST Renovations to the inside of the historic Earle House in Walhalla continue Tuesday.
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Council reinstates overlays, cuts zoning requirements
November 5, 2008 - 12:05 a.m. EST WALHALLA a ' After years of talk, months of meetings, arguments for and against, public hearings and even input by out-of-state consultants, Oconee County has come down to one ...
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Deputies Arrest Trio Accused In 12 Burglaries
Deputies said Thursday that they arrested two men and a woman who they believe are responsible for a three county crime spree.
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Suspect in 20-year-old murder case extradited to Oconee
November 5, 2008 - 12:30 p.m. EST Photo Mark Golden WALHALLA - A man suspected in the sexual assault and murder of a woman abducted from a school in Pickens County 20 years ago has been brought back to Oconee ...
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South Carolina General Assembly
Occupation: Owner/operator, Alexander's Office Supply, Walhalla, and Oconee Office Supply, Seneca; State Senator 1994-Present, State House 1986-1994, Walhalla City Council 1981-1985. Age: 52 Married: wife Lynda ...
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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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