Anderson, 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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| Anderson, South Carolina News |
Man Sentenced In Pregnant Girlfriend's Death
An Anderson jury found a man guilty Thursday in the deaths of his girlfriend and her unborn child.
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Shredding Firms, Credit Union Team up for Shred Day
The Anderson Federal Credit Union in Anderson, S.C., is hosting a free Shred Day on Thursday, January 15 from 9 a.m. to 4 p.m. Representatives from secure shredding firm Shred 360 will be on location to accept ...
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My Pet World: Dog left alone too long could use new home if neglect is actually abuse
Q My daughter's dog, a sweet 40-pound beagle, is constantly left alone. She hardly ever gets outside.
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SC fugitive arrested in Savannah
A man wanted on drug charges in South Carolina has been captured in Savannah. Authorities say 32-year-old Kelly Lamont Anderson was arrested by the U.S. Marshals Southeast Regional Fugitive Task Force as he was ...
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Man who robbed Anderson bank suspected in 2 other robberies
Police believe a man who robbed an Anderson bank this morning is the same man who robbed another Anderson bank and an Easley bank last week.
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Al Sharpton's Group Protests Anderson School E-Mail Firing
National Action Network, Al Sharpton's civil rights group, has come to Anderson.
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Man Killed In Anderson ATV Crash
A man on an all-terrain vehicle became the Upstate's final traffic fatality of 2008 on Wednesday.
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Charleston, SC, publisher to retire March 31
Larry Tarleton, publisher of The Post and Courier of Charleston since 2000, will retire at the end of March.
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Man dies in ATV accident in Anderson County
A 37-year-old Florida man died on Highway 29 in Anderson late New Year's Eve after the ATV he was driving flipped, authorities said today.
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US Rep. Barrett to give pay raise to SC charity
U.S. Rep. Gresham Barrett says he is donating his new congressional raise to an Anderson charity.
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Anderson Police Chase Ends in Crash
A police chase in Anderson came to end after the suspect crashed her car into an abandoned building.
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DeCosta was early force for preservation
This 1805 house, now offices for the College of Charleston, was one of scores of historic buildings that the late contractor Herbert DeCosta quietly helped save before he retired in 1990.
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After high-profile start, SC limps to end of 2008
South Carolina started 2008 with a hand in shaping the nation's future. The year ends with the state battered by repercussions, from both within and beyond its borders.
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Man killed on foggy road in Anderson County
A 40-year-old man was killed in Anderson County this morning when he got out of a 1996 Lincoln that hit a guardrail and then was hit by a second vehicle that crashed into the Lincoln, a Highway Patrol spokesman ...
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Bear sightings increase in South Carolina
Once confined to the mountains and remote coastal swamps, black bears are being spotted in parts of South Carolina for the first time in generations.
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After high-profile start, SC limps to end of 2008
South Carolina started 2008 with a hand in shaping the nation's future. The year ends with the state battered by repercussions, from both within and beyond its borders.
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Third man wanted for murder in Aiken homicide arrested
New information in an Aiken County homicide investigation. The third of three men wanted in last weekend's killing has been caught.
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Judge Anderson to return to circuit court after daya s retirement
S.C. Court of Appeals Judge Ralph King Anderson is about to retire - for one day.
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Investigators release information on suspect in deadly Aiken house fire
Officers have arrested the roommate of a man found dead inside his home in Aiken.
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AIken Man Charged with Murder in Roommate's Death
Keith Alan Fitzgerald, the roommate who was arrested in Anderson, South Carolina on Sunday morning in connection with his roommates death, has been charged with murder.
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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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"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
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