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

Alameda, CA Divorce Buyout in California

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 California, 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 CA

Call for COMPLETE details NOW!

(800) 675-9783

Alameda, California News
California Redevelopment Association Sues for School Funds The California Redevelopment Association has sued the State of California to hang on to redevelopment funds appropriated for the state's school districts. City of Alameda Redevelopment Services Director Leslie Little is on the board of the Redevelopment Association.
SunCal Companies Financial Partner Halts Hedge Fund Withdrawls It's the modern-day equivalent of a run on the bank - hedge fund investors flooding their money manger with redemption requests.
Alameda Education Foundation Sues Online Donation Collector AEF says "Count Me In" owes them tens of thousands of un-forwarded donations.
1986 Toyota Cressida Plying the Streets of Alameda Delivering Pizza Next time you order delivery, take a look at the window to see what the driver is driving.
Tour of Control Room for Alameda Tubes, Caldecott Tunnel See a tour of the Caldecott Tunnel and the control room from which CalTrans monitors the Alameda tubes and the Caldecott Tunnel.
More Info on Seaplane Lagoon Clean-up Details from the Navy on current clean-up activities at the Alameda Point Seaplane Lagoon.
Earthships Presentation - A Path to Sustainable Growth As communities search for ways to reduce causes of global warming while continuing to grow, we have an obligation to learn what is possible for "zero carbon' homes.
New Restaurant on Central Avenue The Greek restaurant "Troy" opened today in Alameda on Central Avenue...
Alameda Point Clean-up Proceeds Apace Trucks are hauling away piles of debris from the tarmac just north of the Seaplane Lagoon at Alameda Point.
Insite Vision to Lay Off 15 The Alameda company (AMEX: ISV) said it will cut 35 percent of its staff of about 40 workers, hoping to save $2 million a year.
Alameda teacher at home under the ocean While 65 feet under the sea, living among fish and sharks, Alameda High School marine biology teacher Steve Houwen spoke with his students via Web cam.
Alameda Biotech Companies Shrink Advanced Cell Technology and Avigen cut back...
Good independent mechanic in Alameda, California This is where we take our cars for scheduled service, smog checks, and the occasional random problem: Fred's Wrenchouse .
More SunCal Grief More reporting on the SunCal troubles of Alameda Point master developer SunCal Companies.
This Week's Don Roberts Show Online This week's edition of the Don Robert's Show is online. See Don talk with the chair of Action Alameda about Alameda Power & Telcom, fiscal sustainability and redevelopment debt. Image Copyright 2008, Don Roberts, All Rights Reserved. Imaged used with permission.
New Ferry Going Into Service Alameda ferry go-ers may have a new ride in the new year.
Save Our City! Alameda Alameda's finances are getting worse and public safety is being weakened. Is anyone doing anything about it? Yes.
Alameda's Redevelopment Debt is City Debt Despite the mis-information being spread to the local amateur blogging community by an anonymous City staffer, redevelopment bonds issued by Alameda's CIC are City of Alameda debt.
Ole's Waffle House Ole's Waffle House on Park Street is an Alameda institution...
Alameda Municipal Waste How many City Halls does one city need?

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

"...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.