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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
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Adamsville, TN Divorce Buyout in Tennessee
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 Tennessee, 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 TN
| Adamsville, Tennessee News |
Former quarterback recovers from new aneurysm procedure done in Argentina
His vision remains a bit blurred, but Cory Hill has never seen his blessings more clearly than this Thanksgiving season.
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Hill leading Adamsville soccer
Katie Hill, a senior at Adamsville High School, has the Lady Cardinals off to their best start since 2001.
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Adamsville 18-year-old adjusts to college, budding modeling career
Life's been a whirlwind for Ashley Durham of Adamsville, the daughter of Harvey and Charlotte Durham.
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Urgent: Please Urge Sheriff to Assist Emaciated Horse
Our calls to the Hardin County Sheriff's Office in the hope of getting quick help for a skeletal horse are not being returned.
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Race for Rinks' House seat tight
Outside the three counties of House District 71, the race to replace Savannah Democrat Randy Rinks, the chamber's retiring caucus leader, no longer has as much name recognition.
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Nine area high school players named All-State
West Tennessee had nine high school baseball players - six from Class A and three from Class AA - selected to the Tennessee Sports Writers Association All-State Baseball Team on Tuesday.
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Fans honor life of 'Walking Tall' lawman in McNairy County
Hundreds of fans of the legendary lawman Buford Pusser attended a festival in his honor in Adamsville, Tenn.
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Fans, police officers flock to Pusser festival
ADAMSVILLE - Hundreds of fans of the legendary lawman who was known for 'walking tall' and carrying a stick attended the 20th annual Buford Pusser Festival Saturday.
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Pusser fest runs through Saturday
The 20th annual Sheriff Buford Pusser Festival kicked off Wednesday in Adamsville and will continue through Saturday.
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Third District was a pioneer in the Chattanooga's public schools
"He would say, - I had a good home, but I left, right, left, right.' My parents thought it was stupid." Third District School was a Chattanooga staple from the dawn of the city's public school system shortly after the Civil War to the first wave of the post-World War II baby boomers. via Chattanooga Times Free Press
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Legendary sheriff's daughter to speak
Friday evening's "It's in the Bag" fundraiser, which benefits Community Clinic of Bedford County, will feature special guest speaker Dwana Pusser. via Shelbyville Times-Gazette
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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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