Mortgage Refinance, Reverse Mortage, Home Loan

Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance

Search Somerset:

Learning Center

How Home Equity Works Consolidating Debt Home Equity Loan vs. Home Equity Line of Credit How Much Mortgage Can I Afford How to Apply for a Mortgage Reasons to Refinance Now How FHA Loans Work How Reverse Mortgages Work Why Choose an FHA Mortgage Mortgage Glossary View All Mortgage Articles

Mortgage Tools

Mortgage Payment Calculator How Much Can I Afford?Debt Ratio Calculator Refinance Savings Calculator Mortgage Comparison Calculator Second Loan vs PMI Calculator Mortgage Length Calculator Mortgage Principal Calculator View All Mortgage Calculators

Company

About Somerset Contact Us Driving Directions Licensed States Careers

Loan Programs

Apply Online View All Loan Programs

Ashland City, 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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Ashland City, Tennessee News
Police officers report assaults Two Clarksville Police officers were assaulted during separate incidents over the weekend.
2 Killed In Weekend Crashes Separate crashes on Saturday night claimed two young lives and left two others critically hurt.
Crash Claims One Life in Joelton JOELTON, Tenn.- Overnight, a man was killed in a crash in Joelton. Kevin Allen, 22, from Ashland City died when the car he was riding in, crashed on Stagner Road.
Work continues on Petway convenience center Cheatham County officials continue to work on opening a new convenience center in the Petway community.
Fire damages Ashland City home Ashland City firefighters worked the scene of a Sunday afternoon fire at 106 Gloria Circle off Stratton Boulevard.
Board considers limiting birthday parties, treats The Cheatham County School Board continues to debate a proposed change to its student wellness policy that would limit birthday parties and treats at school.
Wreck still under investigation The Tennessee Highway Patrol continues to investigate an accident that killed an Ashland City man and slightly injured a Cheatham County sheriff's deputy, said THP spokesman Mike Browning.
APSU biology student featured on Nashville Public Television Austin Peay State University graduate student Nathalie Smith will be featured in an upcoming episode of Nashville Public Television's "Tennessee's Wild Side." The segment will feature Smith's thesis project, ...
Merriman's to close its doors The days of imported teas served with fresh-baked English scones with lemon curd and clotted cream are numbered.
Wal-Mart celebrates 20 years in Ashland City Wal-Mart is having an anniversary celebration to mark 20 years of retail service to Cheatham County.
Man killed, deputy injured in crash A Cheatham County sheriff's deputy is thankful to be alive after an out-of-control driver crashed into his patrol car at a gas station, setting it on fire.
Two liquor stores planned for AC Ashland City could soon be home to two package liquor stores. The stores are being proposed on Highway 12 South and Mulberry Street.
Man Pulls Sheriff's Deputy From Fiery Patrol Car A Midstate man pulled a Cheatham County Sheriff's deputy from his patrol car as it burst into flames.
Man killed, deputy injured in wreck A fiery accident claimed the life of a Cheatham County man around 10:30 p.m. Thursday at Orange's Market on Bearwallow Road.
Volunteers fuel fire safety Thanks to federal funding through the SAFER Act Grant, the Ashland City Fire Department is able to fund training at no cost to recruits in their volunteer program.
School Board considers in-house suspension center The Cheatham County School Board is considering a plan that would do away with out-of-school suspension and replace it with an in-house suspension center.
Tullahoma Utilities Board fiber system subcontractor killed in fall, authorities say A contractor working on Tullahoma Utilities Board's fiber optic system died from injuries sustained in a fall Wednesday afternoon, according to Franklin County authorities.
Renaissance rises to shine Nine years ago Ashland City officials embarked on a plan to revitalize the downtown area.

Save time with our easy online mortgage application.

With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.

Learn More

"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun