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Almont, CO Divorce Buyout in Colorado
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 Colorado, 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 CO
Call for COMPLETE details NOW!
(800) 675-9783
| Almont, Colorado News |
Winterizing
WINTERIZING Board a bus, grab some caulk: How you can make your winter more energy efficient.
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This Week In Crime From Gunnison County's Sheriff
Aug 18, 2008 11:41 am US/Mountain GUNNISON, Colo. Gunnison Area Related News 08/10/08, officers received a report concerning 1st degree criminal trespass and theft from an unattended vehicle which had been ...
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This Week In Crime From Gunnison County's Sheriff
Gunnison Area Related News 07/21/08, officers received a report of possible criminal mischief at a tower on Tenderfoot Mountain.
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This Week In Crime From Gunnison County's Sheriff
Gunnison Area Related News 07/21/08, officers received a report of possible criminal mischief at a tower on Tenderfoot Mountain.
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In-stream flow right for the Upper Gunnison River?
The Colorado Water Conservation Board is considering an in-stream flow right for the Upper Gunnison River, according to The Crested Butte News .
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This Week In Crime From Gunnison County's Sheriff
Gunnison Area Related News 07/02/08, officers assisted federal agencies with looking into a possible threat that was verbally made to the Social Security Agency.
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Steakhouse
Basking in Biscuits... The Steakhouse in the '60s By Sandra Cortner Photo: Sandra Cortner, copyright If you dated a girl and didn't want any of your friends in small town Crested Butte in the 1960s to know ...
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Welcome to Gunnison's hometown newspaper
A lawsuit has been filed challenging Gunnison County's Workforce Housing Linkage Fee -- an impact fee placed on new development and aimed to help create affordable housing in the Gunnison Valley .
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Forecast includes risk of fire, flood, lightning, hail and snow
Today's weather statewide will be much like yesterday's with cloudy skies bringing a chance of thunderstorms this afternoon, fire danger to southern Colorado and the threat of floods to northern Colorado and ...
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Aspen enjoys a taste of summer
The weekend's summerlike temperatures and sunny skies will continue in Aspen through Wednesday morning, before clouds and a chance of thunderstorms develop late in the week, according to the National Weather ...
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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