Somerset Mortgage Lenders 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

Andrews, 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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Andrews, Indiana News
Yorktown Council votes to study 500-W bridge option

YORKTOWN -- After hearing plenty of comments from the public, Yorktown Town Council members voted 4-1 Monday to pursue an interlocal agreement with the county and the state to determine costs for a bridge over ...


Laid-back, country kid leaves his - Mark' on many

Mark Allen Crickmore II, 19, was a country boy from the inside out. He is remembered as someone who would always make his friends and family laugh.


Teen killed at county line

By CHRIS MEYERS Staff writer An Andrews teenager was killed Tuesday afternoon on the south county line when his car slid under and was struck by a semi trailer.


Car-rig crash kills man, 19

An Andrews man was killed in Huntington County on Tuesday night after his car was struck by a tractor-trailer rig.


Environment - Still more on 'Huntington County dairy coming under new management'

Focus is on Indiana law, and on interesting developments in law, government, and more .


State says design's a done deal for 32 rebuild

YORKTOWN -- Enough has been said about rebuilding Ind. 32 between Nebo Road and Tiger Drive, according to the state.


Severe weather sweeps through Indiana

Strong storms swept through north-central Indiana on Friday, lashing several counties with torrential rains and damaging winds and spawning reports of tornadoes.


Family loses home and 2 dogs in blaze

Two dogs died and a family was displaced by a house fire Monday morning along the Huntington-Wabash county line. via Journal Gazette


Plainfield, Avon mulling boundary options: Annexation dispute could reach resolution

"It would certainly benefit both sides to work together."

You have to establish boundaries before you can mend fences, and after years of tenuous land annexation disputes and litigation, officials in Avon say they have taken the first step to alleviate tension between ... via Flyer Group


DeGroot Dairy will no longer operate in Indiana

"All Indiana livestock operations must meet their environmental responsibilities or face serious consequences"

Under an agreement reached with the Indiana Department of Environmental Management , Huntington County dairy owner Johannes DeGroot and DeGroot Dairy, LLC, operating in Indiana since 2001, is barred from ... via WANE-TV Fort Wayne


A commuter crossroad

"If we see (more of) that kind of demand, you'll start to see a more frequency of service"

More than 100 riders took Carmel's first IndyGo express bus to Indianapolis on Monday, and commuters hope the service continues. via Carmel Star


Field for County Council seat is steadily growing

Herald-Press Staff Report The race for the Republican nomination for County Council at-large is getting crowded. via Huntington Herald-Press


BOUQUETS & BRICKBATS: Heather Hiple of Andrews serves up BOUQUETS for ...

"On Monday, Jan. 14, Life Church Huntington held a Pizza Hut buffet fundraiser for our Transition Ministry - 3rd through 5th graders"

BOUQUETS & BRICKBATS: Heather Hiple of Andrews serves up BOUQUETS for the help her church received at a fund-raiser last month. via Huntington Herald-Press


The rains came down . . . and the floods came up

"I think we should be over the hump"

Roanoke residents were battling high water Wednesday and other areas of Huntington County were threatened as a hard rain fell for most of the day. via Huntington Herald-Press


Police blotter

Sunday 9:24 p.m. - Property-damage accident, U.S. 24 near 600W, Lake Cicott. A vehicle driven by Garcia Marcelino, 50, Monon, slid on snow and ice and struck an LMU cable carrier. via Pharos-Tribune


EDITORIAL: Calendar changes

The 27 recommendations by the governor's blue-ribbon commission on state government reform will be the subject of sharp debate in this and subsequent sessions of the General Assembly. via Huntington Herald-Press


Felts is chosen Dallas trustee

A Republican caucus on Thursday chose Fran Felts to assume the duties of Dallas Township trustee. via Huntington Herald-Press


Long-time marshal appointed Andrews operations manager

"If I can relieve some of the things they have to do, I hope it will help them out"

Van Juillerat goes over an inventory of town property Tuesday at he Municipal Building. via Huntington Herald-Press


County authorities provide updated road closings list

County authorities provide updated road closings list From Berrien County in Michigan to Fulton County in Indiana, authorities are reporting additional road closings and, in some cases, travel routes reopened. via South Bend Tribune


A year to get ready: Juillerat takes office with training under her belt

"Whenever I had vacation time, I would spend it in here"

Kathy Juillerat moved into the Huntington County auditor's office last week, more than a year after her election. via Huntington Herald-Press


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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
© 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)