West Sacramento, 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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| West Sacramento, California News |
Struggling Stores Stunned By Landlord's Rent Hike
Struggling local stores are about to shut down, but they aren't blaming a drop in business: They say their landlords are hiking their rent, leaving them unable to pay.
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Bill To Curb Drunk Driving Introduced
A bill aiming to curb drunk driving will be introduced at a press conference Tuesday morning.
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West Sac has a new high school
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Two-door sports car destroyed by fire
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Local band needs new home soon
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Text-For-Sex Gets Man 3 Years Behind Bars
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Job hunters find a friend at La Familia
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Editorial: Small employers are region's future
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Davis vacancy rate, rents reported higher
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Judge orders March trial in fatal stabbing
A March trial date has been scheduled for a West Sacramento man facing murder charges in connection with the 2006 stabbing death of a clerk at a Fairfield Dollar Tree store.
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Two Arrested Following Crash In West Sacramento
A serious accident in West Sacramento this morning has resulted in two arrests. The CHP says that two vehicles collided on the Eastbound Highway 50 on ramp at Harbor Blvd.
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West Sacramento boasts regiona s lowest industrial vacancy rate
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Fallen CHP officer honored
Growing up, Joseph Paul Sanders had a relative who worked as a groundskeeper at the California Highway Patrol Academy in West Sacramento.
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DUI arrests follow stepped-up Yolo County push
A sobriety checkpoint late last week in West Sacramento resulted in four people arrested on suspicion of driving under the influence.
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Culinary Farms Moves to a High Capacity Facility in Woodland, CA
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Yolo County Warrant sweep and sobriety checkpoint leads to arrests
A series of warrant and probation sweeps, coupled with a sobriety checkpoint, resulted in a series of arrests over the past week.
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CHP Officer From Galt Killed In SoCal Storm
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Teens arrested in Natomas area robberies
Sacramento police have arrested three teens believed to be responsible for three Natomas area armed robberies.
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Calif. cracks down on diesel emissions
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Jury deadlocked in Sacramento murder trial
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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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