Augusta Springs, 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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| Augusta Springs, Virginia News |
Anthony Lembo
CRAIGSVILLE - Anthony "Tony" Lembo, 90, of 600 Estaline Valley Road, died Friday, Jan.
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Goshen man faces drug charge
AUGUSTA SPRINGS - Authorities arrested a Goshen man Friday night after he was seen stuffing suspected drugs underneath a car seat during a traffic stop, the sheriff's office said.
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County resident loves country life
After growing up in rural Rockingham County, Andrew Grogg knew he wanted to remain in the country.
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Two Children Still Missing
Two of the children from a weekend hiking expedition are still missing in the Augusta Springs wetlands area.
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2 missing children found in GW Forest wetlands
Two children missing in a wetlands area of the George Washington National Forest in Augusta County since Sunday evening have been found safe.
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Two children still missing in Augusta Springs Wetlands
AUGUSTA SPRINGS - Police say two children are still missing in the Augusta Springs Wetlands after becoming separated from their group Sunday during a hike in the George Washington National Forest.
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Officials Search for Missing Children
Search and rescue teams are combing through an area of wooded trails in Augusta County to find two children who went missing Sunday afternoon.
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Local People
EMORY - Through his commitment to community service and leadership, David Berry of Augusta Springs has been recognized as a Bonner scholar at Emory & Henry College.
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Community News
Salvation Army accepting applications for holiday assistance: Residents of Staunton, Augusta Springs, Churchville, Craigsville, Deerfield, Fort Defiance, Greenville, Mint Spring, Mount Sidney, Mount Solon, New ...
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Crime Where You Live
Waynesboro Police are investigating a vehicle break-in that turned into a vehicle theft.
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Three men killed in 1950 crash
In a vehicular sense, July 1, 1950, was one of the most disaster-prone dates in area history.
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Crime Where You Live
Augusta County Sheriff's deputies say one farmer did some crime prevention of his own over the weekend.
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Clarence E. Morris
STAUNTON - Clarence Edward Morris, 80, of 340 Dupont Avenue and formerly of Poplar Avenue in Craigsville, died Saturday morning, June 7, 2008 at his residence.
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James D. Colvin
AUGUSTA SPRINGS -James David Colvin, 78, of 3334 Little Calf Pasture Highway died Tuesday morning, June 3, 2008, at his residence.
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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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