Anderson, IN Divorce Buyout in Indiana
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Indiana, 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 IN
| Anderson, Indiana News |
EDITORIAL: Anderson area is right place for EnerDel
An open letter to potential employers, including EnerDel -- the maker of lithium ion batteries that is expanding an Indianapolis plant, building in Noblesville and rumored to be considering Anderson for a ...
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EDITORIAL: Apt. fire brings out best in people
Residents, neighbors, Hoosier Woods employees, firefighters, disaster relief personnel and donors banded together to cushion the damage of Sunday's fire.
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Traverse City Record-Eagle names new publisher
Michael Casuscelli, publisher of The Herald Bulletin of Anderson, Ind., has been named publisher of the Traverse City Record-Eagle. Casuscelli replaces Ann Reed, who resigned in July.
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: Cat found after Hoosier Woods fire
A family displaced by an apartment fire has been reunited with the family cat. Shanna Sears said firefighters recovered the family's black Persian, Shalley, Monday afternoon, 24 hours after fire destroyed their ...
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: Police ask public's help in rape case
Investigators hope the public will come forward with tips after an Anderson woman was raped at Shadyside Park in August.
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Mayor Kris Ockomon Interview September 2008 | Anderson Free Press
Video interview taken on top of Anderson City Hall with Anderson Mayor Kris Ockomon on various topics.
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Donations pouring in after blaze
Families left homeless after a Sunday apartment fire are back in long-term housing.
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Hearing set for ex-con accused of abducting lawyer
ANDERSON -- A former Jay County resident accused of abducting his attorney at knifepoint might enter guilty pleas Tuesday in Madison Superior Court 1. Or, given his recent court history, Richard L. Hudson ...
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Fire at Hoosier Woods Apartments
ANDERSON, IN - A fire started burning at Hoosier Woods Apartments around 5 p.m. Sunday, August 31, 2008. See the Scanner News Thread for up to the minute info coming over the scanner. The Herald Bulletin also has a story with more information.
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State Police Arrest Elwood Police Officer | Anderson Free Press
A Detective Keith O'Donnell arrested Shaun Andy Murray, 28, Anderson on todaya s date for theft from the Elwood Police Department evidence room.A He is alleged to have taken opiates from the evidence room for ...
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Mary Beth Dunnichay Has Breakfast with Mitch Daniels | Anderson Free Press
Mary Beth Dunnichay, who took 5th place in synchronized diving at the 2008 Olympics, spent some time talking about her diving with Governor Mitch Daniels at the Lincoln Square Restaurant in Elwood on Saturday, ...
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at Random: Audio firms test park speakers
When music from Anderson's Town Center Park fills the city during the weekday lunch hour, it might not be a spur-of-the-moment concert for downtown workers and patrons.
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: Elwood officer arrested
A Elwood officer has been charged with three felony counts in connection with an investigation into missing evidence at the Elwood Police Department.
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8 p.m.: HoneyBaked Ham looksat Anderson
Next Easter's dinner might not be such a hassle for Anderson residents who would rather spend time with their families than baking the Easter ham.
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Anderson man charged with driving stolen car
MUNCIE - An Anderson man was arrested early Wednesday, accusing of driving a stolen vehicle.
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Aug. 27: Arrest Log
He is being held without bond. - Anderson police arrested Jesus Zamora, 31, of the 2700 block of Pitt Street, Anderson, at 9:25 p.m. Tuesday in the 3200 block of Columbus Avenue on suspicion of operating a ...
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: Anderson not EnerDel finalist yet
The city's entrepreneurial spirit would make it a contender for the newly announced expansion of Indianapolis-based EnerDel lithium-ion battery producer, but Anderson is not on the company's short list yet, a ...
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: Man charged with driving drunk, causing crash
An Anderson man faces charges of driving drunk and causing a crash that injured two others, one severely, in June.
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: Movement under way to rename Anderson Elementary
An effort to rename a westside school after a local sports star would require an exemption, or complete change, to school board policy.
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Suspect arrested in Anderson shooting
An Anderson man has been arrested and charged with attempted murder in connected with a shooting on Anderson's south side late Sunday.
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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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