Alpine, TX Divorce Buyout in Texas
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 Texas, 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 TX
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(800) 675-9783
| Alpine, Texas News |
Alpine Council flies through plans for municipal airport
From left, Alpine City Councilman Avi Rangra, toy lion and City Councilwoman Johanna Nelson engage in a bit of levity at Tuesday night's City Council meeting.
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Craddick decided not to seek a fourth term after Republican Rep. Joe Straus released a list of 85 state representatives supporting him.
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New tool available for students
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Postmaster vows to replace collection boxes
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A life on the road
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GFWCa SJUNIORETTES
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Two nighttime fires strike two homes
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Dr. Berkeley came to Alpine in 1898, built home in 1910
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Aaron Ray Anderson
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If you want to help
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ArtWalk: a great bash
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Sul Ross receives $113,000 grant for wildlife habitat study
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More of this story
ALPINE The 15th annual Art Walk culminates this weekend in the two-day experience also known as Gallery Night.
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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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