OR Divorce Buyout in Oregon
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 Oregon, 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
| Oregon News |
Gov. Kulongoski hopes to help human services with bailout
Gov. Ted Kulongoski hopes to use the ballooning federal bailout package to bolster Oregon's human services hit in his budget proposal.
|
Oregon woman wakes up wounded by bullet that came through wall
PORTLAND, Ore. - It wasn't until the nurse in the emergency room lifted up a phone and said, "We've got a gunshot victim," that Sandra Howell understood why her arm hurt so much.
|
Ore. teens largely ignoring cell phone driving ban
The chances that a teenager will be cited for talking on a cell phone while driving are pretty much zero in Oregon, a consequence of the way the law is written and a problem other states may be facing.
|
Oregon's Merkley, Schrader sworn in to Congress
Oregon's newest senator says Congress should have an economic stimulus package at the new president's desk by the middle of next month.
|
Oregon Nurseries Severely Damaged by Winter Storms
Salem-News.com - January 7, 2009 - 5:05 pm Jan-07-2009 10:54 Oregon Nurseries Severely Damaged by Winter Storms Salem-News.com Oregon's top nursery and greenhouse counties were hit hardest by the storms and ...
|
Rain, winds close Oregon highways
A major highway was closed Wednesday in Oregon as a winter storm sent heavy rain and high winds into the Northwest.
|
Baby born on the driveway
Enter e-mail address of recipient: Enter your e-mail address: Message to attach: We use this address only to tell the recipient who sent the message.
|
Brown, Kroger and Westlund step into state top slots
Democrat Ben Westlund took the oath of office as state treasurer Monday, inheriting a college savings plan that has suffered deep losses from investments that were billed as conservative.
|
Potential Gas Tax Increase
A By Andrea Calcagno January 2, 2009 A A A Oregonians could soon be paying a higher gas tax.
|
Climate expert hired for research institute at OSU
Washington state climate scientist Philip Mote, who helped write major reports on global warming, will head an Oregon research institute focused on climate change.
|
Oregon church to stop signing marriage licenses
The clergy at one Ashland church are refusing to sign marriage licenses until same-sex couples can legally tie the knot.
|
Portland band to march in inaugural parade
Portland's Get a Life Marching Band has been picked to be in President-elect Barack Obama's inaugural parade Jan.
|
Gresham foster dad sentenced in abuse case
A former foster parent accused of beating or shaking a 2-year-old girl blind pleaded no contest to attempted assault and was sentenced to 30 months in prison.
|
New Oregon Stamp
You're looking at one of Oregon's worst kept secrets. The new Oregon Statehood Commemorative Stamp will be unveiled Wednesday, January 14, at the World Forestry Center's Miller Hall in Portland.
|
New Crime Fighter
Kroger used the occasion to announce a new mission statement for the Department of Justice that focuses on enforcing the law and protecting Oregonians.A A Attorney General Kroger took the oath of office from ...
|
Storm closes parts of I-84 in Eastern Oregon
Parts of Interstate 84 remain closed in Eastern Oregon, hit by a snowstorm. Up to 8 inches are expected Monday in some areas, with a few more inches in the evening.
|
Kids alone for days, parents dead in locked room
An Oregon couple who hadn't been seen since New Year's Eve have been found dead inside their locked bedroom with their crying 9-month-old daughter in an apparent murder-suicide. Three older children had been ...
|
Cold Weather Brings Hypothermia Threat - Oregon Department Of Health
Low winter temperatures have brought warnings from experts in the Oregon Department of Human Services State Public Health Division.
|
Oregon considers subbing mileage tax for gas tax
Reporting from Portland, Ore. -- For years, Oregon has been diligent about reducing the state's dependence on fossil fuels, but its environmental consciousness has come at a stunning price -- gas tax revenue is ...
|
Cano picked to head Latino Network
The new director of the north Portland-based advocacy group Latino Network is Andrea Cano, who replaces Lisa Johnson, the new director of Portland's new Office of Human Relations.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
|
|