Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

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.

Local divorce buyout directory for TN :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Saint Joseph Seymour Smithville Spring Hill
Sale Creek Shady Valley Smyrna Springfield
Saltillo Sharon Sneedville Springville
Samburg Sharps Chapel Soddy Daisy Stanton
Santa Fe Shawanee Somerville Stantonville
Sardis Shelbyville South Fulton Stewart
Saulsbury Sherwood South Pittsburg Strawberry Plains
Savannah Shiloh Southside Sugar Tree
Scotts Hill Signal Mountain Sparta Summertown
Selmer Silerton Speedwell Summitville
Sequatchie Silver Point Spencer Sunbright
Sevierville Slayden Spring City Surgoinsville
Sewanee Smartt Spring Creek Sweetwater

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Tennessee News
East Tennessee Zinc Company to layoff 320

The East Tennessee Zinc Company plans to shutter three mines and layoff 320 employees.


TBI: Former officer accessed private records

The Tennessee Bureau of Investigations says a Wilson County commissioner and former airport officer ran unauthorized background checks on citizens.


Tennessee Motel Sued For $100M In Death Of Alabama Woman

The parents of a former north Alabama high school homecoming queen have filed a lawsuit seeking $100 million against the motel in Knoxville where she was killed, allegedly by a motel employee.


TBR Flexes Muscles

The Tennessee Board of Regents' plans to formally approve a new business model today were inexplicably rescinded after an addendum sent out the day before stated no action would be taken at that time.


Tennessee: Signature Tower won't be 70 stories

A Nashville developer aiming to construct the tallest building in the city says he is downsizing his reach for the sky.


Tenn. schools get C for college readiness

Tennessee is still doing a barely adequate job of preparing students for college, getting them to attend and graduate, according to a report card on higher education released Wednesday.


UT committee reviews budget cuts

A University of Tennessee Board of Trustees committee is reviewing cost-cutting measures in the wake of funding reductions for higher education.


Bredesen welcomes Obama initiatives at governors conference

Gov. Phil Bredesen welcomed President-elect Barack Obama's overture to governors of cash-strapped states on Tuesday, saying infrastructure funding and assistance with medical care for the needy could help ...


Sales Tax Growth Rate Could Set Historic Low

Tennessee may have set a historic low in the state's sales tax growth rate, according to preliminary monthly revenue figures released Wednesday.


At least 5 killed in Tenn. crashes over holiday

At least five people were killed in crashes on Tennessee roads during the Thanksgiving holiday.


Tennessee Man Dies In Cave Collapse

A Tennessee man has died after a cave collapsed in western Kentucky while he was digging for Native American artifacts.


American Express sues Nashville restaurant owner

American Express has filed a complaint in U.S. District Court accusing a Nashville restaurant owner of failing to pay $1.15 million in fraudulent credit card charges.


Record Numbers Using Food Stamps

A record number of Tennesseans are using food stamps as aid during hard economic times.


Employee at a Convenience Store is Accused of Helping Rob the Business

Memphis police say an employee at a convenience store is accused of helping rob the business.


2 Hospitals agree to $7.9 million settlement

Federal authorities say two West Tennessee hospitals have agreed to a $7.9 million settlement over false Medicare claims.


Snow falling across Middle Tennessee

Light snow is falling in Middle Tennessee. Snowfall has accumulated in eastern Middle Tennessee and along the Cumberland Plateau, with amounts ranging from a dusting to a half inch around Cookeville, ...


Tenn. GOP Elects Mumpower As Speaker Candidate

Republicans in the Tennessee House of Representatives have unanimously elected Rep.


TDOT ready to spend fed road money

Tennessee officials have no shortage of ideas about where to spend more than $268 million in federal money from an economic stimulus bill pending in Congress.


Wilder flying less in retirement

Now that he's a private citizen again, former Tennessee Lt. Gov. and state Sen. John Wilder of Somerville will have more time to fly his beloved "Jaybird." Yet it's a Catch-22 situation.


Sales tax holidays could be victims of budget shortfalls

Despite looming shortfalls in their fiscal 2009 budgets, state lawmakers in Tennessee and Georgia don't appear inclined to do away completely with sales tax holidays next year, though they say further ...


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.
 
"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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)