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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
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Alexandria, 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
| Alexandria, Tennessee News |
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A year ago, many in the District considered it immune to the ebb and flow of the capital markets.
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First Commonwealth Bank in New Alexandria robbed
State police are investigating a robbery this afternoon at First Commonwealth Bank in New Alexandria.
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Gunshot Victim Visits Hair Salon
Remarkable is how family, friends and coworkers describe a hairstylist recovering from multiple gunshots.
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Gunshot Victim Visits Hair Salon
Remarkable is how family, friends and coworkers describe a hairstylist recovering from multiple gunshots.
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Police: Husband Shoots Wife At Salon
Police said a hairstylist in Hermitage was at work on Tuesday morning when her husband walked into the business and shot her five times.
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Fujitsu and DTC Communications Introduce Metro Ethernet Services to Rural Tennessee
FLASHWAVE 4000 Family of MSPPs Provide Increase in Metro Bandwidth and Position DTC for Future Services ALEXANDRIA, Tenn., May 2008 - Fujitsu Network Communications, a leading supplier of innovative optical and ...
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Cystic Fibrosis Fundraiser Hacks At Plastic Golf Balls
Tom and Terri Studer's farm becomes a not-so-typical golf course once a year, replete with plastic balls and hula hoops for holes.
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Dyersburg State hosts pinning ceremony for nurses
In a traditional ceremony, the lamps of student nurses are lit by members of the DSCC nursing faculty during the college's recent pinning ceremony at Hillcrest Baptist Church. via State Gazette
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'Boro's Buckley named regional president of Wilson Bank & Trust
"It is a pleasure to announce this addition to our southern region" Wilson Bank & Trust has named Barry Buckley regional president of the bank's southern region, officials of the Lebanon-based bank announced today. via DNJ.com
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Scholars excel despite hard times
"When I tell her to decorate her room, she cleans it. She's kind of like the Dear Abby at her school. She's the one that gets everyone feeling better" Cannon County High School's Ashley Ramsay and DeKalb County High's Lacey Parchman earned the top awards during the 10th annual Neill-Sandler Scholars at MTSU Awards Banquet in the Rose and Emmett Kennon Sports ... via DNJ.com
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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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