Wedgefield, 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
| Wedgefield, South Carolina News |
Wedgefield Golf Course closes
Published on 12/2/2008 Written by Jason Lesley Yellow caution tape and a no trespassing sign greeted golfers arriving at Wedgefield Plantation golf course Tuesday.
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Get Out: Skip shopping and take a hike
Economically strapped folks say they're going to spend less this Christmas. That means less time in stores and more time to enjoy the outdoors.
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Heads up for capital penny sales tax
Keith Gedamke / The Item Backers of the penny sales tax watch the returns at the City Centre on Tuesday evening.
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3 arrested on drug charges in 2 incidents
Authorities said they arrested three people recently in two unrelated drug busts - a Sumter man on Wednesday with marijuana valued at $52,000, and a Wedgefield couple on Oct.
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Sumter's First Lady
Each time they elect a new President, Americans also get a new first lady. Usually, the Commander-in-Chief's wife holds that position, but not always.
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Supernatural sleuths
Halloween is said to be the day that the veil between the living and the dead is thinnest.
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2009 AMA National Enduro Schedule
The American Motorcyclist Association announced today the 2009 schedule for the AMA National Enduro Championship Series.
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Read Now
Keith Gedamke / The Item Christopher Hall, an instructor at Central Carolina Technical College, talks to his class recently about the law.
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Industry enticements
Keith Gedamke / The Item Hard hats are seen at Wednesday's groundbreaking ceremony for Olympic Steel's Sumter expansion.
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Capital penny sales tax project: Patriot Park
Keith Gedamke / The Item The continuation of construction to Patriot Park Sportsplex off Patriot Parkway carries a $6 million price tag.
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Capital penny sales tax project: Sumter County Courthouse
Keith Gedamke / Item photo illustration Judge Jeffrey Young works in a cramped courtroom at the Family Court in Sumter.
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Penny sales tax projects: Lafayette Drive
Item file photo The U.S. 76/378 bypass at U.S. 15 is identified as one of the most dangerous and ill-planned intersections in the county.
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Penny sales tax projects: Safety improvement
Keith Gedamke / The Item Seven intersections are slated for improvements if the capital penny sales tax initiative passes.
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Court Said Woman Owed $0.63 in Child Support
A Sumter County woman was summoned to court for a child support payment less than a dollar, due to the Sumter County Family Court's shift to a new computerized system.
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Attacks on SCELP don't pass muster
Attacks on environmental groups from property rights advocates are nothing new, and there is room for disagreement about how far environmental regulation should go.
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Gas Prices Soar, Long Lines at Stations Everywhere
Gasoline prices are rising fast in the Midlands, and there are long lines out there--and even some stations running out of fuel.
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Witnesses testify
Keith Gedamke / The Item Clinton Brown talks about the day he was shot by Stephen Corey Bryant while fishing along the Wateree River in Richland County.
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100 years young
Randy Burns / The Item Janie Kelly, 99, will turn 100 Thursday. Janie and Robert Kelly, 102, married for 83 years, have 11 children, 53 grandchildren and 101 great-grandchildren. Janie Kelly's 100th birthday ...
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3rd annual Wedgestock music fest pulls a crowd
Heath Hamacher / The Item Shortly after opening the gates at noon, the Wedgestock festival began to draw a crowd.
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Read Now
Item file photo Before he pleaded guilty Monday to killing three people and shooting one other in October 2004, Stephen Corey Bryant laid the blame for his crimes at the feet of another man.
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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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