Dana Point, 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
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| Dana Point, California News |
The Carona-ization of Sheriff Sandra Hutchens has begun
Here we go again. Disgraced former Sheriff Mike Carona will soon receive his sentence, but his replacement, Sheriff Sandra Hutchens, is already being dragged down Carona Road by the same folks who supported Carona. Take a look at the graphic above. She is offering a photo opportunity for the price of $1,600 - $3,200, at her upcoming fundraiser, on Jan. 22! Can't afford a picture? Well, you can attend this fundraiser for the paltry price of $250. Now let's have a look at the folks who are on the Host Committee for this event: Click here to read the rest of this article.
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Deadline closing in to apply for Festival of Arts
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Coast Guard searching for overdue boater in Southern California
Missing is Daniel Formica of Dana Point, is described as 5 feet 9 inches tall, weighing 200 pounds with brown hair, brown eyes and wears eyeglasses.
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Port Patrol Locate Missing Dana Point Man
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Immigration groups clash in Dana Point
DANA POINT a ' Three groups clashed in verbal protest over immigration as they lined the streets of Doheny Park Road in Capistrano Beach Saturday.
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Celebrate Dana Point's 20th Anniversary, Jan. 3
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Headlands stairway voted Dana Point's top story of 2008
Ocregister.com/danapoint asked you to vote for your choice of Dana Point's No. 1 story of 2008, and the results are in.
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Christmas tree fire causes $300,000 in damage
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Firecrackers thrown at Dana Point home
Monday, Dec. 22 Disturbance . 34400 Street of the Golden Lantern. 7:34 p.m. Deputies were called after seven or eight youths were reportedly shouting racial slurs and causing a disturbance in the alleyway.
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Proud Mary's reopens in January
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EDITORIAL:Savor toll road victory
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Scrambling for a deal at the Shops of Mission Viejo
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Dana Point family decks their halls with 17 trees
A tag cloud is a visual list of key terms associated with a piece of content. Larger and bolder tags are more relevant to the content.
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Poll: Choose Dana Point's top story of 2008
It's been a busy year in Dana Point, with plenty of stories making big headlines.
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Tipping pointers: A guide to holiday gratuities
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Youth Pastor Accused Of Sexually Abusing Minor
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Cause of Fire at Eight-Unit Complex
Vol. 3, Issue 51, December 18-24, 2008 THE LATEST: A fire that torched two units of an eight-unit apartment complex in Southwest San Clemente was started by an unattended candle in an upper unit, said Orange ...
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The best and brightest holiday lights of Dana Point
The top three of the Dana Point Holiday Home decorating contest were awarded this weekend.
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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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"...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.
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