Alexandria, MN Divorce Buyout in Minnesota
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 Minnesota, 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.
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| Alexandria, Minnesota News |
Two men from area die in Wisconsin crash
Two men from the Douglas County area died after their truck hit a bridge guardrail in northwest Wisconsin Sunday morning.
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2009 Greater Alexandria Area Job Fair seeks participants
The Lakes Area Business and Employers Council is excited to announce the upcoming 2009 Greater Alexandria Area Job Fair, scheduled to take place on Wednesday, February 11, 2009 at the Alexandria Technical ...
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Letter - Still a safe place to live?
Congratulations, Alexandria! We are now officially a micro-metropolis. With our drive-by shooting, armed robbery, home invasions and auto theft, we now qualify.
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Local proposed tax levies higher than state average
Property tax levies will increase an average of 6.5 percent statewide if proposed local tax levies are adopted later this year, the Minnesota Department of Revenue announced last week.
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Dale Undem, 81
Dale Ward Undem, 81, Alexandria, died November 20, 2008 at his home. Dale was born July 24, 1927 in Walnut, Iowa to Abner and Bertha Undem.
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Editorial - A time to count our blessings
This page has shared a lot of opinions over the past year. Many viewpoints were critical of something, somebody or some group.
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Alexienne Chorus to present 'A Christmas Tea for the Senses'
The date for the 4th annual production of a oeA Christmas Tea for the Senses,a presented by the Sweet Adelines, has been set.
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Need for volunteers rises during holidays
Editora s note: The following information was provided through the United Way of Douglas and Pope Counties.
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'Over the River and Through the Woods' comes to Barrett
Prairie Wind Players Community Theatre is proud to present its holiday comedy - " Over the River and Through the Woods.
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Dreams can come true
Residents of Windmill Ponds, a senior living community in Alexandria, had their dreams come true recently.
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Pipeline Travel Plaza opens west of Alexandria
The new Pipeline Travel Plaza west of Alexandria opened last week. Ita s located near Highway 27 West and County Road 45 off of Evergreen Lane.
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Editorial - Thumbs Up/Thumbs Down
Thumbs Down: Casting an absentee ballot in an election should be an easy, smooth process, especially if you're already a registered voter.
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Firefighters respond to small explosion in Alexandria
One Alexandria family is thankful that an explosion inside their residence wasna t as big as it could have been.
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Pacer puppets need volunteers
For 20 years, puppets have been teaching children in Alexandria School District 206 some valuable lessons.
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Spirit of the season starts with Christmas in the Fort
The crisp, wintry weather may have some believing the holiday season is here, but this Friday, November 28, residents are invited to officially let the spirit of the season begin with the annual Christmas in ...
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'Tis the season - to shop
Santa may already be working on his Christmas list and checking it twice, but what about this year's die-hard shoppers? The start of the holiday shopping season - " the day after Thanksgiving, which is now ...
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Students from Washington Elementary School in Alexandria recently...
Students from Washington Elementary School in Alexandria recently visited with representatives from Northwest Evaluation Association, who presented Alexandria School District 206 with the Growth Achievement ...
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Solveig Konrad, 64
Solveig Elizabeth Konrad, age 64, a resident of rural Parkers Prairie, died Monday, November 17, 2008 at Douglas County Hospital in Alexandria.
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City ditches Thomas Drive road project
Call it a sign of the shaky economic times. A plan to improve Thomas Drive - " one of Alexandria's few remaining gravel streets - " has been put on hold.
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Crash near Garfield injures three
A two-vehicle crash Saturday morning near Garfield sent three people to the hospital.
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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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