Diamond Bar, 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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| Diamond Bar, California News |
Area fundraisers aid Ortega family
Community members are uniting to raise money for the Ortega family and help them get through the holiday tragedy that took the lives of nine family members.
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Officials await report on retail revenue
Local shopper Rene Rhodes looks for a pair of earrings to go with her New Year's Eve outfit at Draopel in this December file photo.
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Gala raises funds for Diamond Bar Community Foundation
The Diamond Bar High School Orchestra performs during the Diamond Bar Community Foundation's annual fundraiser, the Stars of Diamond Bar at the Diamond Bar Center on Jan.
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Free tax tutorial set for seniors in Diamond Bar
The city and AARP are holding free tax preparation assistance for residents 55 and older every Wednesday from Feb.4 to April 1. Appointments are required.
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Youngest victim of holiday massacre was from Ontario
The youngest person killed in a Christmas Eve massacre that left nine people dead was a good-hearted young man who loved baseball and computers.
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What's On TV Tonight
More football. Yes, there's another college football matchup tonight. The Utah Utes and the Crimson Tide of Alabama meet in New Orleans for the Sugar Bowl.
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Recession, City Hall changes mark hectic year
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It's Politics: Dreier remains on Rules Committee
Editor's note: It's Politics reports Saturdays on the ins and outs of San Gabriel Valley-area politics and city government.
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Diamond Bar gearing for 20th birthday
In 2009, Diamond Bar will celebrate its 20th anniversary of incorporation. Since 1989, the city has changed from a somewhat rural community to sizable, yet still peaceful, bedroom community, said Mayor Ron ...
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Diamond Bar Teacher Earns National Board Certification
Diamond Bar High math teacher Dena Lordi is among 365 California educators named as a National Board Certified Teacher.
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Diamond Bar residents made many kids happy on Christmas
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Advanced Media Adds 6X Single Layer Ridata Blu-ray Disc
DIAMOND BAR, CA, December 21, 2008 /24-7PressRelease/ -- Advanced Media, Inc., is a manufacturer and marketer of the popular RIDATA brand of recordable Blu-ray, DVD, CD media, electronic storage products, and ...
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Officials try to calm nervous LHH residents about fire danger
The recent Triangle Complex Fire that torched Corona to Tonner Canyon in Diamond Bar didn't touch this city, but it sure made residents here nervous.
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Students get taste, sights of different cultures
Maple Hill Elementary School student Gabriel Martinez, 5, learns about Mexican culture during the school's annual "Multicultural Experience: Travel Around the World" event at the Diamond Bar school on Dec.
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WeHo's Legal Conflict Of Interest
I remember when I was a member of the WeHo's Russian Advisory Board, Michael Jenkins gave a lecture about Conflict of Interest Policies on annual Commissioners and Board members meeting in 2006.
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Fire official faces felony animal-cruelty charges
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Area high schools named among the nation's best
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Ridata Announces Blazing Fast 300X Supreme Series Compact Flash SLC Card
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Grinch of recession impacts Industry Christmas tree farm
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East meets West
East 180 Restaurant serves authentic cuisines from different regions of China like, such as the tea smoked duck, pictured above on Dec.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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