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Divorce Buyouts
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Altamont, 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
| Altamont, Tennessee News |
Preliminary hearing set for next week
The preliminary hearing for a woman accused of fatally stabbing her husband has been set for next week, according to a news release from the Madison County Sheriff's Office.
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Tenn. mother charged in baby shaken death
ALTAMONT - Authorities have charged a Grundy County mother, whose baby was shaken to death.
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Recent Accidents Claim Four Lives
According to Tennessee Highway Patrol reports Grundy County highways have claimed the lives of four persons, the first accidents happening last Thursday, September 11.
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Driver in Pursuit Identified
News Release: From: Indiana State Police Indiana State Police Arrest Driver after Pursuit, Stolen Vehicle Recovered Updated Information Early this morning, August 26, Indiana State Police were able to identify ...
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Hometown Girl Makes History
After ten years managing the Caney Fork and Western Railroad, Sharon Childers Hobbs of Altamont made history by becoming the first female train engineer since the railroad known as the Sparta Branch was ...
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Hometown Girl Makes History
After ten years managing the Caney Fork and Western Railroad, Sharon Childers Hobbs of Altamont made history by becoming the first female train engineer since the railroad known as the Sparta Branch was ...
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For everything there is a season
For the past 24 years, readers of the Manchester Times have opened the pages of their hometown newspaper to read the wit and wisdom of UT Extension Leader Dean Northcutt's "Open Acres" column.
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Shane Tates Family Needs You
Last month, my mother and I traveled a little over an hour to Altamont, TN in Grundy County.
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Man arrested in burglary attempt
A Tennessee man was arrested early this morning while attempting to burglarize Town and Country Drugs.
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Hundreds attend deputy's funeral
More than 200 police vehicles followed the hearse carrying Grundy County Sheriff's Deputy Shane Tate's body as people stood beside the road and saluted.
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Lost lives shake Grundy County
' Slain Grundy County Deputy Shane Tate should have been digging up ginseng today in the mountains with his great grandfather.
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Man dies, infant unhurt in Grundy crash
An adult died Saturday after being thrown his car when it crashed into a tree along state Highway 108 near Altamont, Tenn., about 8:30 CDT, according to Tennessee Highway Patrol dispatchers.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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