Achilles, VA Divorce Buyout in Virginia
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 Virginia, 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 VA
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| Achilles, Virginia News |
School officials reveal redistricting plan
T.C. Walker Elementary School would lose the most students, between 55 and 70, according to a news release from Assistant Superintendent John Hutchinson.
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Abingdon Elementary School will welcome the public for a grand opening on Dec. 16 to showcase its recently completed $14.6 million renovation.
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Tech theater puts on 'Iphigenia 2.0,'...
During a wedding scene, Clytemnestra, played by Biz Wells, looks on as Iphigenia, played by Molly Dickerson, and Achilles, played by Sandy Bass, discuss their love.
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Redistricting plan in works
Students now at Bethel, Petsworth, T.C. Walker and Peasley could be moved next fall to ease overcrowding.
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Test your brain power with Renaissance Person quiz
Autumn's seasonal Renaissance Person quiz has arrived. 'Tis autumn, leaf-falling, warm jacket and football time.
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Misstep devastates Lewis, Hokies College Football
Injuries are as much a part of football as blitzes, touchdowns and cheering fans.
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VMFA Great Hall Is Reinstalled With Focus On 17th Century Age of Magnificence
A new installation in the Great Hall at VMFA presents some of the most celebrated works by artists of the Renaissance and Baroque periods from VMFA's permanent collections and from other major museums.
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Razor recalls scooters, Dirt Quads
About 103,000 Chinese-made Razor scooters are being recalled. The move comes after four people have received cuts on the scooters that required tendon surgery.
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Kitano examines cruel art in Venice entry
Takeshi Kitano presents a portrait of an artist who sacrifices his family and nearly his own life in pursuit of art in his new film "Achilles and the Tortoise." The Japanese filmmaker said that while he set out ...
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Internet security experts racing to patch hole
Dan Kaminsky speaks to technology security professionals and enthusiasts at the annual Black Hat USA conference in Las Vegas.
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County's storm preparations well in hand, officials say
A small number of citizens attended a town meeting Thursday night at Achilles Elementary School on emergency preparedness in Gloucester County.
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Altemus won't elaborate on planning panel vote
Supervisor Teresa Altemus said Thursday night she voted not to reappoint Eric Weisel to the Gloucester County Planning Commission because of "differing philosophical views." Altemus, speaking to Gloucester ...
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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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