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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Altaville, 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
| Altaville, California News |
The busy elves of ACBA
Jerry Rocca, left, and Gino Fredianelli attach pinecones to boughs that are now hung throughout Angels Camp.
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Kewpie doll charm nears the century mark
We have a porcelain Kewpie doll that was my aunt's, who was born in 1907. It is in very good shape.
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City OKs temporary home for Cal Fire
Angels Camp wants the California Department of Forestry and Fire Protection to stay within its boundaries.
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Local firefighters head south to battle blazes
The Santa Ana winds may not blow through the Mother Lode, but local fire units who were dispatched over the weekend to wind-driven wildfires in Southern California are getting to know its gusts.
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Quilting for a cause
This quilt was made by members of the Loose Threads Quilt Guild in Valley Springs, which is selling tickets for a drawing to win the quilt.
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Union Zaar Mine Records Available for Public Review and Temporary Mine Area Closure
Six Rivers National Forest Supervisor Tyrone Kelley announced today the availability of the Administrative Record pertaining to the Union Zaar Mine Comprehensive Environmental Response, Compensation and ...
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Wildfire snuffed near West Point
A small white plume of smoke caught the attention of an eagle-eyed fire spotter posted in the Blue Mountain Lookout Monday afternoon.
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How to enjoy the holiday on a budget
Shrunken by the long summer and virtually empty midweek, New Melones Resevoir will see weekend crowds.
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Bypass to speed law, fire response
The Angels Camp Highway 4 Bypass has been a long time coming, and few are as eager for its impending arrival as the emergency-service providers affected by the current route's congestion.
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Fire Causes $30,000 Damage To Murphys Residence
CAL Fire is reporting that a residence at 612 Rocky Hill Rd. in Murphys sustained $30,000 in damages as a result of an electrical fire early Wednesday morning.
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Arnold Fire Damages Residential Structure
A late Friday evening fire destroyed the attic and interior of a single story residential structure located at 119 Water Wheel Way in Arnold.
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Three to face trial in Angels Camp slayings
Visiting Superior Court Judge John G. Schwartz on Thursday ordered the three defendants in custody for the slayings of Pablo Lopez Sr.
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Old school gets new owners
The historic Altaville Grammar School came under new management Tuesday, and its former owners on Wednesday celebrated a man largely responsible for the 1858-built school's continued existence.
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Council pipes in on new sewer line
The Angels Camp City Council will take longer to consider a proposed new sewage trunk line's route to try and ensure the cost is dumped on as few current residents as possible.
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Update On San Andreas Motorcycle Accident
According to the CHP, Cambell was hit by a vehicle driven by 18-year-old Victoria Rhodes of San Andreas as she was trying to turn from Hwy 49 to Russell Rd.
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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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"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
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