Dos Rios, 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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(800) 675-9783
| Dos Rios, California News |
TO commission recommends Costco
From staff reports Originally published 09:14 a.m., November 25, 2008 Updated 09:14 a.m., November 25, 2008 The Thousand Oaks Planning Commission on Monday voted 5-0 in favor of a recommendation to the city ...
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Julio Gamboa, 33, chef at Dos Rios
Gamboa has been working as a chef in Des Moines for more than 10 years, cooking at restaurants like Biaggi's and most recently, Kahunaville.
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But state budget woes could stall plans to boost our open spaces
When did you last visit your local state park? Do you have a local state park? Officials propose nearly doubling state parklands in the Central Valley under a plan up for public comment.
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Saturday crash kills Laytonville man
A rainy Saturday rainy head-on crash shortly after noon west of the Dos Rios bridge killed Patrick Vernon Teem, 56, of Laytonville and sent two passengers in his car to the hospital.
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Yesteryears
The ranch, which was sold for $300,000, was just past Nine-Mile Bridge between the San Joaquin and Tuolumne rivers.
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City decides to support PVproposal
A proposed settlement could solve numerous problems surrounding the Potter Valley Project, the Russian River and Lake Mendocino if it can get federal approval.
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Daniel Gordon Drewry
Dan died suddenly at home with his wife and grandson on the Baxter Ranch in Dos Rios on Monday, August 11, 2008.
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County News Digest, Broadband update
Technical consultant Susan Estrada reported this month on progress Redwood Coast Connect is making on compiling the broadband surveys started in December when public meetings were held.
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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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