Alvarado, 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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| Alvarado, Texas News |
Two arrested for vehicle theft
Law enforcement officials recovered several stolen vehicles Tuesday in two separate incidents and made two arrests.
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Democrats say list means end of Craddick
Here's a list of the 64 Democrats in the Texas House of Representatives who signed a form stating they would not support Republican Tom Craddick's bid for re-election as House speaker.
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Teachers use blogs to forge new links with students, parents
Extra Credit Some North Texas teachers' blog posts are direct and to the point: "Here's a tip: READ THE DARNED CHAPTERS!" Others are feel-good updates on personal lives: "I'd like to invest a little virtual ...
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The true story, mostly, of a bad outlaw in Johnson County
The best thing about recounting history, particularly that of a century past, is that you can lie a little and nobody will know the difference.
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Amber Alert: Live Oak Police Look for Missing Teen
On Christmas Eve, Erika Camacho, 15, was reported missing. Live Oak police say she was forcibly abducted by her boyfriend, Ricardo Alvarado Mora, in Selma around 7:45 p.m. Dec.
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County and city Christmas and New Yeara s closings
U.S. Postal Service in Cleburne: Closes at 3 p.m. Wednesday, reopens Friday. Overnight packages should be mailed by Tuesday.
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Roads stay mostly clear during icy weather
Cleburne and Johnson County road crews were in "hurry up and wait" mode, sanding highways and byways this morning after freezing drizzle complicated the lives of motorists beginning Monday night.
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Santa to make personal calls
After significant negotiations with the North Pole, the Alvarado Independent School District announced Tuesday it has been authorized to arrange personal calls with Santa Claus on Christmas Eve.
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Spills from trucks leaving gas-well sites cause road hazards
Johnson County officials are concerned about "mud spills," the mess that some companies leave behind when waste is hauled away from drilling sites.
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Two teens arrested in school burglaries
Officials have arrested two Alvarado teens suspected in two burglary incidents at the Alvarado ISD Technology Center during the last week of November.
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Children, families make tree farms a holiday tradition
Tree chopping and hay riding are holiday traditions for thousands of area residents who take advantage of the close proximity of Christmas tree farms in Johnson County.
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Mud spills costing county thousands
The transportation of drilling mud in Johnson County has caused three deaths and thousands of taxpayers' dollars in recent years, according to a county official.
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Hearing Set For Tarrant Judge Accused Of DWI
Dec 8, 2008 3:44 pm US/Central CLEBURNE A judge has set a January 22 hearing for a Tarrant County judge accused of driving while intoxicated.
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AJHS honors student and teacher
Alvarado Junior High School honored eighth-grader Angela Hall and teacher Joe Rodriguez as the school's student and teacher of the month for November.
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Alvarado ISD staff member killed in car wreck
An Alvarado resident and employee of Alvarado Intermediate School died shortly after a wreck involving three vehicles Thursday on U.S. 67.
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Woman who wanted to teach dies from injuries in Alvarado wreck
Carrie Bowman, a teacher's aide at Alvarado Intermediate School, was killed in an auto accident Thursday.
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Can you hear me now?
Two communication towers erected last year recently went online allowing rescue workers throughout the county to better communicate with each other.
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Alvarado ISD tech department broken into
For the second time in less than a week, on Sunday Alvarado ISD's Technology Department was broken into.
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$80,000 in computer gear stolen from Alvarado schools
In less than a week, thieves have stolen more than $80,000 worth of computer equipment from the Alvarado school district's technology department, school officials said.
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Retailers welcome lines of shoppers searching for deals, thrills
Shoppers line up outside the Toys 'R' Us store in Arlington at 4:30 a.m. on Friday.
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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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