ME Divorce Buyout in Maine
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 Maine, 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 our divorce buyout page
Call for COMPLETE details NOW!
(800) 675-9783
| Maine News |
Impact Of Fighter Jets Over Maine To Be Studied
Gov. John Baldacci says the National Guard has agreed to conduct a full environmental review as part of its proposal to lower the flight deck for training missions over western Maine.
|
Education Funds Defended At Statehouse
Educators and advocates for Maine's labor force warned members of the Legislature Tuesday that slashing funding now, when the economy is at its weakest point in years, will stand in the way of a quick recovery ...
|
State lawmakers ready for '09 session
The state budget is bound to be the major topic during this year's six-month legislative session, which gets under way Wednesday.
|
Governor likes Maine - survivor's' attitude
"BCB: I eagerly anticipate receiving posts from you and anne_ of once you've made the " "Who are we to put a cap on driving..many people drive well into their 90's........ many " Keeping the wheel: For elderly, ...
|
Maine adoptees get access to original birth records
Amid tears of joy at the state's Vital Records office, scores of people who had been adopted as children got their long-awaited wish Friday to receive copies of their original birth certificates.
|
Homicides up, fire deaths down in 2008
The number of homicides in Maine reached 31 in 2008, the highest number since 1989, when 40 people were killed in the deadliest year in Maine history.
|
Baldacci Asked For Disaster Declaration
Maine Gov. John Baldacci has asked President Bush for a major disaster declaration for seven counties following an ice storm that left some residents without electricity for eight days.
|
Augusta Fire Victim Identified
Maine fire officials are still working to pinpoint the cause of a fire that killed an Augusta woman on New Year's Day.
|
Highway deaths down, homicides up in Maine
Highway deaths down, homicides up in Maine PORTLAND, Maine Maine recorded the fewest highway deaths in 50 years in 2008, while the number of homicides grew to the highest level in nearly two decades.
|
Maine Aviation Unit Returns
Governor John Baldacci was among those who came to the Bangor airport to welcome home an air ambulance unit that's been serving in Iraq for nine months.
|
New Year Starts With Cold Blast In Maine
Bitterly cold temperatures helped Mainers to usher in the new year Wednesday night.
|
Partying Muted As Mainers Welcome In 2009
Champagne sales are down and caterers say party planners are looking for less-expensive options as Mainers get ready to bring in 2009 with a slightly muted bang.
|
Heating oil down $1.01 from year ago
Mainers are paying $1.01 less for their home heating oil today than they were a year ago.
|
Maine firms quit work on ecoresort project
Dec. 26--WINTER HARBOR, Maine -- Citing differences in philosophy and difficulties in getting paid, two Maine firms that had been helping to develop plans for an ecofriendly resort on land abutting Acadia ...
|
Maine Boy, 15, Dies in Snowmobile Crash
TOWNSHIP 13, RANGE 5, Maine - A 15-year-old boy died from his injuries after crashing his snowmobile into a tree west of the town of Portage, officials said Sunday.
|
Polar plunge fundraisers proliferate
The Lobster Dip was launched 21 years ago as Maine's first happening where people could raise money for a good cause by stripping down in the freezing winter air and running half-naked into the bone-chilling ocean. These days, it seems as if everybody's taking the plunge, and that's threatening to saturate the fundraising field. Cold-water charity events have even spread as far as Hawaii, where volunteers last fall plunged into a pool filled with iced-down water to raise money for Special Olympics Hawaii.
|
Regional Assessment Test Expected To Bring Big Savings
The Maine Department of Education is moving forward with plans to ditch the Maine Educational Assessment in favor of a regional standardized test for fifth- to eighth-graders. The move is expected to save $1 ...
|
In Maine, new year's star to rise, sardine to drop
New York City may have its celebrated ball drop to bring in the new year. But a northern Maine city says it has something to match it: a 6-foot star with more than 1,000 lights that will rise skyward to mark ...
|
A look back at Mainers we have lost in 2008
"Oh, that's why it took me three and a half hours to get from the vicinity of the mall to Outer " "sketchy." "sketchy." A look back at Mainers we have lost in 2008 AUGUSTA, Maine - Victor A. McKusick, the key ...
|
Maine Consortium Locks In Oil For Next Winter
Maine's heating season is barely under way, but that's not preventing some cities and towns from entering into heating oil contracts for next winter.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|