Apison, 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
| Apison, Tennessee News |
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UNUM Partners with Schools
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Barnes and Noble to open new bookstore
Barnes & Noble, the world's largest bookseller, will open a new bookstore on Nov.
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Staff Photo by Tim Barber Apison Elementary School teacher Mrs. Jo Green, right, leans in to assist first and fifth-grade students during a peer tutoring session on Thursday.
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Hamilton County: Bonus pay lures teachers
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Pre-Registration Underway For New East Hamilton Middle/High
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Fire Alarm Forces Brief Evacuation At Apison Elementary
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Planning Commission Defers Action On Walker Project In Apison
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Tennessee lags Southeast in board-certified teachers
Two years ago, Apison Elementary Assistant Principal LaFrederick Thirkill spent hours creating teaching portfolios, videotaping his classes and critiquing his own performance - ' a grueling exercise that earned ...
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CenturyTel faces bigger challengers in Ooltewah area
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New Hamilton County Principals Announced
Hamilton County Superintendent Jim Scales announced new principals/associate principals at Hunter Middle School, Ooltewah Middle School, Harrison Elementary, Smith Elementary, Snow Hill Elementary, Barger ...
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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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