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Divorce Buyouts
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Cima, 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
| Cima, California News |
Crime and public safety, December 5
Grandson, 20, held in death of grandmother Sheriff's deputies have arrested the grandson of a Pomona woman whose body was found dumped in a remote desert area off the 15 Freeway in November.
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Body of missing Pomona grandmother found near state line
A Pomona grandmother who went missing this month on a trip to Las Vegas has been found dead on a desert road.
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Ethereal desert beauty awaits at Mojave National Preserve
Editor Note: Please see Wednesday's Nov. 5 issue for Elizabeth Pinkerton's column which will appear in its normal spot next week.
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Fire lessons alter strategy
The firestorms that engulfed swaths of Northern and Central California earlier this year were turned back with the help of an army of firefighters - literally.
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Teenager found dead in desert after train burglary
Railroad police and park rangers found a 17-year-old boy dead in the desert after arresting several suspects in a train burglary in the Kelso-Cima area Saturday night.
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: Boy, 17, found dead in the desert during investigation into train burglary
A 17-year-old boy from Paramount was found dead in the desert during a burglary investigation Saturday evening.
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Insolvency Administrator
Inject some excitement into your career. This is a superb opportunity for a qualified or newly qualified accountant or an experienced insolvency administrator to join a dynamic, and headlining, corporate ...
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Algebra goal seen as hard to reach
Isamar Hernandez, 15, helps Maria Rosales, 16, with algebra at Los Altos High School during their algebra 1 summer class on July 10, 2008 in Los Altos, Calif.
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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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"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
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