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Austwell, 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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Austwell, Texas News
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More cranes, less food this winter

With the last few cold fronts, biologists sighted whooping cranes totaling last year's record numbers at the Aransas National Wildlife Refuge.


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Harvest of plenty in our back yard

Frank Pagel knows every square foot of his 220-acre farm like the back of his hand.


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A search that began last summer for a female nurse practitioner to answer the health care needs of Refugio County residents, most especially women and children, ended this week.


Day Trips

Aransas National Wildlife Refuge on the Texas coast outside of Austwell expects to welcome a record number of winter guests this year.


Refugio County Commissioner, Precinct 4

October 08, 2008 - 1:21 p.m. The general election is Nov. 4. To help the public learn more about the candidates, the Advocate is publishing profiles for the candidate in the contested races.


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A heartfelt thanks to each and every one of our dear and special friends in Austwell for their wonderful tributes to Bob Haynes.


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AUSTWELL Jesse and Helen Villarreal spent almost two years building the house that will eventually serve as their retirement home.


Q: Will you evacuate if so ordered? If so, where will you go? What are your concerns?

September 10, 2008 - 5:03 p.m. A: Yes, we already have plans. I really don't know where we're headed because it's with my husband's work.


Ranging Reporter update: Refugio county in evacuation mode

Refugio County Judge Rene Mascorro kept current evacuation plans in place Thursday as the National Weather Service reported Ike shifted slightly further north through the night.


Refugio County Issued Evacuation Orders

Officals within the county have issued evacuation orders for residents in Refugio, Woodsboro, Tivoli, Austwell and Bayside.


Authorities Bust Tivoli Man in Several Theft Crimes

In the remote part of Refugio County, investigators said they have busted a bandit who committed several thefts.


Three schools from Crossroads region named exemplary

August 01, 2008 - 2:49 p.m. Three school districts from the Crossroads region received the highest rating possible under the Texas Education Agency's 2007-2008 scale, according to a report released by the ...


Under-funded REFUGES

June 23, 2008 - 11:51 p.m. AUSTWELL One retiree volunteers his time to camp in the nation's wildlife refuges.


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