Ducor, 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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| Ducor, California News |
Cattle strong at No. 3
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Tire theft reported in Ducor
Tulare County Sheriff's detectives are investigating the reported theft of more than $10,000 in tires from a Ducor trucking business earlier this week.
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Ducor man identified as man whose vehicle landed in canal
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Solutions for cleaner water
Commnity Water Center highlights some of the success stories in which communities advocated for cleaner water.
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Tickets now on sale for 4-H Chuckwagon Breakfast
Timing: Event scheduled Oct. 11. October 1, 2008 - 4:36PM More than 500 4-H members from the Burton, Ducor, Springville, Pleasant View, Prairie Center, Success Valley and Vandalia 4-H clubs are selling tickets ...
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Terra Bella tradition combines old with new
Result: Harvest Festival draws people together. September 22, 2008 - 1:21PM By SABRINA ZIEGLER FOR THE PORTERVILLE RECORDER TERRA BELLA - Zion Lutheran Church of Terra Bella's second annual Harvest Festival was ...
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Rollin Relics ride through South Valley
Having fun while raising money to support youth activities - that was what Saturday was all about during the Porterville Rolling Relics' sixthannual Poker Run.
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Latest news - Story: Two motorcycle riders die in head-on crash
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Food Inspections Aug. 18-28
Every Friday, the Visalia Times-Delta and Tulare Advance-Register publish, in print and online, reports of inspections at locations where food is prepared or sold.
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Robert Joseph Rangel
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Updates: Deputies arrest thief who sold items to recycler
A suspect has been arrested in the theft of metal and farm equipment from the Terra Bella area that was recovered after being sold to a recycling center, Tulare County sheriff's deputies reported this morning.
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County could buy rail line
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Ducor woman arrested in child physical abuse case
A South County woman is in jail after allegedly abusing a young boy. Tulare County Sheriff's Department detectives received a call at about 11 a.m. Thursday about suspected physical abuse against 4-year-old boy ...
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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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