Ashland City, TN Divorce Buyout in Tennessee
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 Tennessee, 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 TN
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| Ashland City, Tennessee News |
Penuel Ridge celebrating 25 years
Penuel Ridge Retreat Center on Sams Creek Road in Ashland City will celebrate its 25th anniversary in 2009.
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Mike Sullivan
Mike Sullivan, 46, formerly of McAlester, died Dec. 10, 2008, at his home in Ashland City, Tenn.
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TDOT truck overturns on Bypass, diverts traffic
A Tennessee Department of Transportation dump truck hauling a tractor trailer wrecked Tuesday morning while turning from state Highway 12 onto the 41A Bypass.
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Clarksville woman killed in wreck on I-24 in Robertson County
ASHLAND CITY - A Clarksville woman was killed late Monday night on Interstate 24 in Robertson County, according to the Tennessee Highway Patrol.
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Bobbie Wayne Johnson
Bobbie Wayne Johnson, 58, Clarksville, died Monday, Dec. 22, 2008. Graveside services will be held at a later date.
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County hopes to capitalize on Hemlock announcement
Cheatham County Economic and Community Development director James Fenton hopes the county can capitalize on Hemlock Semiconductor's announcement last week that it is building a $1.2 billion plant in ...
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Disaster brings miracle
Any Christmas cheer went up in smoke Dec. 13 for Albert and Jean Knight and their family members.
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SPOTLIGHT
Austin Peay State University has selected the following students for inclusion in Who's Who Among Students in American Universities and Colleges for the 2008-09 academic year: Elesia Adams, a biology and ...
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Pause to enjoy the season's wonder
Merry Christmas, West Tennessee, and best wishes as you prepare for the stretch run leading to the big day.
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Campbell brings passion for kids to new role
Beth Campbell is seeking guidance and counsel from Misty Glenn, coordinated schools health director for Cheatham County.
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Icy conditions cause several crashes
Middle Tennessee dealt with icy conditions overnight Monday, especially to the northwest, as temperatures dropped below freezing.
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12 Dogs Abandoned In Suspected Fighting Ring
Police and Animal Control swarmed an Ashland City home Sunday night, pulling out one dog after another.
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School Board remains at odds over 5-year plan
The Cheatham County School Board continues to wrestle with its five-year plan. In a work session last Tuesday, one night after the board split on a vote asking the Cheatham County Commission to begin ...
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New faces ready to serve library patrons
If you've been in the Cheatham County Public Library lately, you may have noticed some new faces at the desk and scurrying around.
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Ashland City Christmas parade set for Saturday
Marching bands, floats and the man in red will make their way down Main Street Saturday in Ashland City during the town's annual Christmas parade.
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Police officers report assaults
Two Clarksville Police officers were assaulted during separate incidents over the weekend.
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2 Killed In Weekend Crashes
Separate crashes on Saturday night claimed two young lives and left two others critically hurt.
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Crash Claims One Life in Joelton
JOELTON, Tenn.- Overnight, a man was killed in a crash in Joelton. Kevin Allen, 22, from Ashland City died when the car he was riding in, crashed on Stagner Road.
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Work continues on Petway convenience center
Cheatham County officials continue to work on opening a new convenience center in the Petway community.
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Fire damages Ashland City home
Ashland City firefighters worked the scene of a Sunday afternoon fire at 106 Gloria Circle off Stratton Boulevard.
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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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