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

Benicia, 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

Benicia, California News
No spending cap for Benicia campaigns

The Benicia City Council has agreed to consider tightening campaign finance rules, but an effort to limit soaring spending practices fell short.


New chief to run Benicia fire department

When Steven Vucurevich was trying to figure out what he was going to do with his life, he decided he wanted to go into forestry.


Noted Plastic Surgeon Sentenced To Jail Time For DUI

Well-known cosmetic surgeon and television personality Dr. Jan Rudalgo Adams was sentenced to one year in the Solano County jail for misdemeanor DUI in Benicia in June.


Passion for history in Benician's veins

Immersing himself in Benicia's history seems to have provided the fountain of youth for 89-year-old Harry Wassmann.


Seifert finally to take seat

County supervisors resume business Tuesday and will welcome a new face to the board.


Online -- another way of learning at SCC

More and more college students are taking classes in the virtual world rather than the lecture hall -- and Solano Community College is no exception to the online education trend.


Survey says: Benicians happy with their city

Despite unfavorable ratings for the amount of jobs, public transportation, shopping opportunities and affordable housing, Benicians still love their city, a survey made public this week revealed.


Fewer show dogs take bows

With his tall and puffy white hair rising a few inches, 2-year-old Micah stood as top dog on Thursday in Indio.


Benicia police looking for 'low-key' robber

The Benicia branch of Bank of America was robbed Wednesday morning by a suspect described as so low-key that police hope his escape did not go completely unnoticed.


Carpoolers want to put the brakes on bridge toll plan

News that Bay Area car-pool drivers could have to pay a bridge toll set off a storm of indignation among car-pool riders near the North Berkeley BART station this week.


It's not too late for gifts to get there by Christmas

Customers line up Tuesday at the U.S. Post Office on Santa Clara Street in downtown Vallejo, hoping to beat the deadline for Christmas Day delivery.


Drunk-driving arrests on decline in Benicia

In a city whose law enforcement prides itself on its tough stance on drinking and driving, those arrests were down about 33 percent in 2008.


Longtime Benicia firefighter ready to hang up his helmet

Firefighting had him hooked by age 15. Now, 38 years later, the vocation is slowly loosening its grip on a Benicia Fire Department long-time senior staff member.


Community makes it all happen

Mary Lou Wilson must surely be smiling down on Solano County. The Reporter's longtime features editor, who died last summer after a valiant battle with cancer, left as her legacy The Giving Tree.


Solano schools' yearbook reflects happy, sad times

Second in a series on local top stories of 2008. The budget ax swung hard at local schools this year.


Woman killed by SUV identified

A woman struck and killed by a sport utility vehicle Tuesday has been identified as 48-year-old Dana Burket of Vallejo by the Solano County Coroner's Office.


Woman hit, killed by vehicle

A Vallejo woman was hit and killed by a vehicle at about 3:30 p.m. Tuesday in the crosswalk at Springs Road and Oakwood Avenue, Vallejo police Lt.


Benicia police rolling again

Drivers in this town of 28,000 people can expect more aggressive traffic control with the establishment of the police department's new traffic unit.


Jackknifed truck shuts Benicia-Martinez bridge

Southbound lanes of the Benicia-Martinez Bridge were closed for two hours Saturday afternoon after a pickup truck towing a 40-foot trailer jackknifed.


Benicia gets new fire chief

12, City Manager Jim Erickson said Thursday. Vucurevich, a 25-year veteran of the Fairfield Fire Department, will replace current Fire Chief Gene Gantt, who will retire after 24 years with Benicia.


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.
 
"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
© 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)