Ashburnham, MA Divorce Buyout in Massachusetts
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 Massachusetts, 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 MA
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| Ashburnham, Massachusetts News |
5 hurt in fire at senior complex
Five people were taken by ambulance to Heywood Hospital for smoke inhalation and fire-related injuries after fire destroyed an apartment last night in Heywood Place, a large apartment and office complex in a ...
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Expenses will begin outweighing revenue, says Ashburnham accountant
Town officials may have to borrow money to offset a forecasted deficit as they prepare for a cut in local aid before the end of the fiscal year.
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Possible cuts loom large for Ashby dispatchers
Ashby's public safety dispatchers are worried looming cuts to their budget will mean a step backward for the department and the town, said Dispatch Manager Marilyn Cronin.
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Ashburnham official to run for selectman seat Leo Janssens is Advisory Board vice chairman
Advisory Board Vice Chairman Leo Janssens has announced he will run for selectman against incumbent Selectmen Chairman Christopher Gagnon in April's election.
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Ashburnham selectmen: We can't afford town planner
Selectmen said it is unlikely they will hire a replacement for former Town Planner Eric Smith, who left in December after more than three years on the job.
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Possible New Year's resolution: Get fit while having fun
Many people make New Year's resolutions, with a popular one being to lose weight, but how many people actually keep their resolutions? The Flying Irish Studio, located on Route 119 on the Ashby/Ashburnham ...
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Storms can't clip the wings of Christmas Bird Count
While many of us will be heading to the mall on Saturday to return that purple shirt from Aunt Flo, or busy traveling to the next holiday party, a hearty group of folks will rise at the crack of dawn and make ...
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Ashburnham Community Church thanks Food Pantry donors
The Ashburnham Community Church would like to thank the very generous donations of food and money, from the commuity, this winter season for our Food Pantry.
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Officials: Only a few without power in Westminster, Ashburnham
Officials in Westminster and Ashburnham have called off their towns' state of emergency declarations as the numbers of residents without power dwindles to single digits.
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Ashburnham town accountant to make up to $43,497
The Board of Selectmen came to terms on a letter of agreement Monday with newly hired Town Accountant Nancy Haines.
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Stores faced clamor for milk, bread
Among the more perplexing aspects of the ice storm was that in some areas, roads were opened, stores were not.
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Fireplace ashes cause blaze in Main Street home garage
A three-alarm fire erupted in the center of Ashby on Sunday afternoon. Fire Chief Bill Seymour said the fire at the home on 796 Main Street began in the attached garage.
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Between 50 and 65 percent of residents have regained power in Ashburnham, Westminster
Officials say between 50 and 65 percent of residents in Ashburnham and Westminster have regained power after last week's ice storm.
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Ashburnham, Westminster feel brunt
SENTINEL & ENTERPRISE / NICK BROWN From left, Kyle Swenson, 11, volunteer worker Emily Brillon, Kurt Swenson, 9, Kylie Ram, 5, Jonathan Chernoch, 11, and volunteer worker Cole Theriault enjoy a game of Sorry at ...
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Ashburnham officials weigh accountant candidates
Selectmen say Ashby Town Accountant Nancy Haines is the front-runner to fill the Ashburnham's vacant town accountant position, but won't have an official decision until today.
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Regional digest
Truck spills recycling cargo UXBRIDGE -- A tractor-trailer carrying glass bottles rolled over around noon yesterday as it was negotiating a curve on Route 16 near Capron Street, police said.
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Fitchburg Police: Man drove drunk with wife, kids
An Ashburnham man is charged with driving drunk while his wife and two young children were in the car, according to court records.
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Etched in gingerbread: Student's creative spirit remembered in Ashburnham
About 100 gingerbread houses are lining the halls at J.R. Briggs Elementary School this week to memorialize Rachel Lee, the 10-year-old fourth-grader who died in August of a brain tumor.
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Town manager warns of deep cuts in state local aid
Calling the state budget projections for next fiscal year dark clouds on the horizon, Town Manager James M. Kreidler Jr.
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Millions for Fitchburg bridge repairs
The sight of construction on bridges from Gardner to Fitchburg to Holden will soon become commonplace, according to detailed repair plans released Wednesday by Gov.
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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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