Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Allegan, MI Divorce Buyout in Michigan

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 Michigan, 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 bad credit divorce buyout in the state of MI

Bad Credit? We can help!

Call for COMPLETE details NOW!

(800) 675-9783

Allegan, Michigan News
Alleged murderer found competent for trial

Wednesday, November 19, 2008 4:42 PM EST The Bay County man accused of killing Kevin Pluger in 1993 waived his right to a preliminary hearing for two crimes Thursday, Nov.


Allegan officers seek help finding missing woman, Erin Quigley, of Gobles

Erin Michele Quigley, 20, of Gobles. ALLEGAN COUNTY -- Sheriff's deputies are searching for a 20-year-old woman who has been missing since Nov.


Snowy road blamed for injury accident on M-40

The Van Buren County Sheriff Department reports a weather-related head-on crash in the 47000 block of M-40 in Michigana s Waverly Township injured three people.


Allegan, Ottawa counties cleanup after first significant snow fall

"This whole stretch is so slick right now and everyone's driving like there's no snow on the ground," said Scott Norman who works for Hansen's Trucking.


Low-interest loans available for Sept.-Oct storms

The U.S. Small Business Administration says Michigan residents and businesses that sustained losses in severe storms in September and October can get low-interest loans.


911 service outage

VAN BUREN/ALLEGAN COUNTIES, Mich. - Officials in Van Buren County say that a fiber optic cable has been cut that affects 911 service for some residents in Van Buren and Allegan Counties.


Allegan County News editor dies at age 77

Friday, November 14, 2008 9:46 AM EST The recently retired editor of The Allegan County News, Bill Brown of Allegan, died in the early morning hours of Friday, Nov.


Michael Morton elected Allegana s latest mayor

Wednesday, November 12, 2008 4:21 PM EST At its regular meeting Nov. 11, the Allegan City Council elected Michael Morton mayor and re-elected Betty McDaniel as mayor pro-tem. Council member and outgoing mayor ...


Allegan Township honors retiring trustees

On Oct. 27 township clerk Hollis Hough presented retiring trustees Basil Smith and Gale Rutgers with a plaque honoring their longtime service to the township.


Gas drops below $2

It's been almost four years since the price of gas was below $2 a gallon. Click to enlarge Many stations in the Tri-Cities area are selling gas at around $1.96 a gallon this morning.


Sentence handed down in Wayland beating

It was a piece of video that shocked West Michigan when two girls attacked a fellow student on the last day of class in Wayland.


Small fishing crowds this time of year

This is one of the best times of the year to fish for those that do not like crowds, the Michigan Department of Resources said in its weekly fishing report.


Allegan Township votes down Miner Lake sewer project

It was two years in the making when Allegan Township board members unanimously voted at their meeting Monday, Nov.


Cronin wins Allegan's circuit judge race

Wednesday, November 5, 2008 10:08 AM EST Unofficial results from the Nov. 4 election show that Hopkins lawyer Kevin Cronin has narrowly won the race for Allegan County's 48th Judicial Circuit Court.


Allegan County: Longtime Clerk-Register Watts, Commissioner Thiele win re-election

Allegan County Clerk-Register of Deeds Joyce Watts won re-election Tuesday to a ninth term.


Attack on a classmate videotaped

ALLEGAN, Mich. - A teenager in Allegan County who authorities say participated in a videotaped attack on a classmate has been sentenced to 18 days in juvenile detention and indefinite probation.


Ghoulish good times: There are plenty of spooktacular things to do for Halloween

There's no shortage of haunts for ghosts and goblins to visit this Halloween. From a haunted stable house to nature centers to churches, there's plenty of opportunity to get into the fun.


Two named back to Commission on Aging

Allegan County Commissioners have appointed three members to the Commission on Aging.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)