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

Albany, 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

Albany, California News
Albany police blotter

Officers arrested a 15-year-old Berkeley girl at about 5 p.m. when they investigated reports of suspicious activity on the 1000 block of Neilson Street.


Central Coast Families, City Councilman Sue EPA

A conservation group and citizens including two Bay Area mayors sued the U.S. Environmental Protection Agency in federal court in San Francisco Tuesday in a bid to stop a possible resumption of apple moth ...


Environmental group, East Bay mayors file suit against EPA to ban apple moth spraying

An environmental group, two East Bay mayors and others filed a lawsuit to overturn the U.S. Environmental Protection Agency's approval of aerial sprayings to combat the light brown apple moth.


Albany police log

Someone stole a ladder and a compressor from a backyard on the 600 block of Talbot Avenue during the night.


More of this story

It was all about Duffy. Suzan Snider's 7-year-old Scottish terrier is much loved.


City underestimates track revenue, official says

The Albany City Council discussed this week the tax revenue projections the city expects to get from Golden Gate Fields for the 2008-09 fiscal year, but a racetrack official said the numbers underestimate the ...


Attorney: Former Albany teacher admits relationship with student, won't face charges

A former Albany teacher will not face criminal charges after admitting to a sexual relationship with a former student in the early 1990s, according to her defense attorney.


Albany police log

Officers responded to a residence on the 800 block of Pomona Avenue on reports of a rowdy party of teenagers at about 10 p.m. and advised the teens to lower the noise.


Albany school notes

Drop off your old running shoes for Earth Team's shoe recycling drive Nov. 17-21. Each pair of shoes will be traded for a chance to win a prize.


One hundred ways to appreciate Albany

WHEN SOMEONE in our family celebrates a birthday, we share all the things we appreciate about that person at dinner time.


A word to the wise on fuel

If you're having doubts about agriculture's ability to contribute to the nation's fuel supplies, the Agricultural Research Service of the U.S. Department of Agriculture has a word for you.


In Brief: Public hearing to be held on proposed Berkeley/Albany Ferry Terminal

The Water Emergency Transportation Authority is holding the meeting from 7 to 9 p.m. at the North Berkeley Senior Center, 1901 Hearst Ave., to provide an overview of the project, potential terminal locations, ...


Spooked horse at Golden Gate Fields kills rider

A veteran exercise rider at Golden Gate Fields in Albany was killed early this morning when the filly he was riding spooked and fell on top of him.


The Eye on the East Bay

Either the monthly Kensington Outlook missed a major scoop or its editors needed to word things a little differently.


Albany Hill catches fire; no homes threatened

Authorities are still responding to a brush fire on Albany Hill that was first reported at 4:47 this evening.


[Developmental and behavioral genetics] EXPORTIN1 Genes Are Essential ...

Plant Gene Expression Center, USDA Agricultural Research Service, Albany, California 94710 and Department of Plant and Microbial Biology, University of California, Berkeley, California 94720 1 Corresponding ...


Path to Living a Sustainble Life in the City

URBAN HOMESTEAD SUPPORTS 4 full-time adults, volunteers, and many clients ENERGY USAGE 6.5 kwh day SOLAR POWER PRODUCED 9000 kwh GALLONS OF BIODIESEL MADE 1,500 gallons "EARTH IMPACT FOOTPRINT" 5.2 acres per ...


Second Helpings: French Pumpkin Soup with Chestnuts and Sage

THE INVITATION to enjoy dinner at Spruce Restaurant on an autumn evening in San Francisco was tempting enough.


Albany police blotter

Officers stopped a silver 1980 Porsche near Solano and San Carlos Avenues for a traffic violation.


Albany Mayor Lieber re-elected

Albany mayor Robert Lieber and council member Farid Javandel were both re-elected to another term on the City Council, but it was former mayor and Albany school board member Peggy Thomsen who won the third seat ...


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.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 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)