Abbeville, SC Divorce Buyout in South Carolina
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 South Carolina, 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 SC
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| Abbeville, South Carolina News |
HospiceCare Administrator Receives National Certification
's President and CEO, Nancy Corley, has received Certification as a Hospice and Palliative Care Administrator .
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Bradley Man Charged in Alleged Handgun Beating
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Abbeville librarian gets chance to study childrena s literature
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Speech contest deadline nears
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Two shot during fight at nightclub
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Deputies: SC woman drove off in patrol car
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Local News, Sports, Classifieds & Businesses in Pickens, South Carolina
The Pickens Sentinel was founded in July, 1871 by D. F. Bradley and J. R. Holcombe as "a newspaper with a conscience." It is the oldest continuous business in Pickens County.
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Lakelands Home Builders Association Present Awards
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One-Stop Workforce Centers, PTC assist job-seekers
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Abbeville man charged with lewd act on minor
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"Road Trip!" Let's Go See Some Christmas Lights
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Woman arrested after allegedly throwing hot broth on man
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Childrena s Home facing budget shortages
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Santa Paws 2008 - Record Setting Year
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Abbeville Opera House finishes 2008 with feel-good, funny 'Dear Santa'
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Greenwood, Anderson, Abbeville and Laurens are under a tornado warning
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Apparent murder-suicide under investigation
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Among Friends Supporting Wild Turkeys
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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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