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Ashaway, RI Divorce Buyout in Rhode Island

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 Rhode Island, 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 RI

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Ashaway, Rhode Island News
Settling into lifelong dream at 71 ASHAWAY Carol Sward Comeau has been capturing images her entire life and now she is living the life she always dreamed.
More of this story Tower Street School will close in 2009, one of the casualties of the economic crunch.
Church celebrating religious freedom The First Seventh Day Baptist Church invites the community to join in the celebration of its 300th anniversary to be held on Saturday, Dec.
Felkner brings complaint to Superior Court An Ashaway man has asked a court to overturn his colleagues' ruling to remove him from the Chariho Regional School Committee.
Max Francis McGuirl Apperson born Tara Apperson and Steven McGuirl are proud to announce the birth of their son, Max Francis McGuirl Apperson, born October 20, 2008 at South County Hospital.
Beach Baby's inspired by the ocean WESTERLY Beach Baby's Ima GINAtion is ocean-inspired crafts, and silver and sea glass jewelry made by friends Mary Beth Mc Cormick and Gina Marchand.
Lori Fisette is someone's guardian angel ASHAWAY When Walter Tucker died in 2001, his granddaughter Lori Fisette decided to create a legacy to him by volunteering with the Guardianship Program through Meals on Wheels.
Monday Profile: Elaine Morgan, proud to keep the peace Town Sergeant Morgan says Republicans should play a larger role in Rhode Island.
More of this story Candles and luminaria lit up Ashaway Saturday night during the Holiday Stroll. SUSANNAH H. SNOWDEN / THE SUN Joseph played by Kinter Van Horn and Mary played by Niki Van Horn sit in the manger as angels sit ...
More of this story St. Pius X School Christmas Bazaar: Friday, Dec. 5, from 6 p.m. to 9 p.m., and Saturday, Dec.
Board orders Felkner ouster Richmond police officer escorts the Ashaway man out of a Chariho School Committee meeting after he refuses to leave.
Richard Heines' woodworking Richard Heines Jr. brings wood to life making bowls out of chunks of wood. He has served on the Alton Fire Dept for more than 50 years and is a general contractor too.
New councilor hangs onto seat on Chariho panel HOPKINTON The newest member of the Town Council plans to retain his seat on the Chariho Regional School Committee.
Hopkinton Golf Pavilion to reopen ASHAWAY A restaurant and golf business that closed last fall after operating for little more than a year is reopening.
Fire station upgrade nears completion After four years of planning and construction, renovations to the Ashaway Volunteer Fire Department's Main Street station are just a few weeks away from completion.
Karen Mann's glass designs come from her imagination Karen Mann, stained glass artist and librarian at Ashaway Elementary School. Her work will be shown at the Chariho Holiday Art Show this weekend.
More of this story It's never too early to get into the holiday spirit. Check out these local events and get a jump start on your holidays! It's never too early to get into the holiday spirit.
More of this story ELECTION UPDATE: 8:50pm 11/04/08 Local voter turnout started heavy, slowing in afternoon.
Driver dies in single-car crash A 22-year-old man has died from his injuries after a single-car crash Thursday on Interstate 95 in the Ashaway section of Hopkinton.
School project surges in cost The Chariho Regional School Committee approved the transfer of $450,000 from its undesignated surplus to fund repairs.

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