Auburntown, 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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(800) 675-9783
| Auburntown, Tennessee News |
Log truck overturns on sharp curve
Traffic on Old Kentucky Road was disrupted for several hours Nov. 18 by a log truck that overturned just south of Hawkins Road.
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Chris Ritter
Chris Ritter, age 65, of Murfreesboro, went to be with the Lord on Nov. 9, 2008 after a courageous four month battle with cancer.
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Aubrey M. Brewer
Aubrey M. Brewer, age 82 of Murfreesboro, TN died Thursday Oct. 16, 2008. A native of Woodville, Mississippi, he was the son of the late Arthiel and Loutee Appleton Brewer.
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Cannon man arrested on child porn charges
The Tennessee Bureau of Investigation led an investigation that resulted in a Auburntown man being indicted by the Cannon County Grand Jury for possession of child pornography.
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Hearl E. Youngblood
Hearl E. Youngblood, age 87 of Auburntown, passed away Thursday Sept. 4, 2008 at Hartsville Convalescence Home.
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Marable leads ministry filled with new hope for drug addicts
Second Chance Ministries pastor Carl Marable grew up in poverty in Murfreesboro, moving from Academy Street to the McFadden area to Minor Street in the Sixth Ward.
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Good ideas
Marcus Lucas of Murfreesboro shared his favorite inspirational quote. "I tell you the truth, anyone who has faith in me will do what I have been doing.
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Take a bite of fun at Red Apple Days
Auburntown will host the annual Red Apple Days this weekend at C.S. Hawkins Park.
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Donor program topic of Exchange meeting
The speaker for today's weekly meeting of The Exchange Club of Murfreesboro will be Barry E. Dotson of Phoenix Ventures, according to Carol Puryear, club president.
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Donor program topic of Exchange meeting
The speaker for today's weekly meeting of The Exchange Club of Murfreesboro will be Barry E. Dotson of Phoenix Ventures, according to Carol Puryear, club president.
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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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"...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.
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