Arcadia, 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
| Arcadia, Indiana News |
Lance Busby receives 20-month prison term
Lance Busby will remember Friday for two reasons. It's the day U.S. District Judge Larry McKinney sentenced the 35-year-old Noblesville man to 20 months in prison followed by two years probation and ordered him ...
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Huskies earn MIC volleyball victory
ARCADIA -- Hamilton Heights kicked off its Mid-Indiana Conference volleyball schedule Thursday night with a 25-20, 21-25, 25-19, 25-19 win over Northwestern.
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NHS's Class of 2008 SAT scores are 22 points higher than '07 grads
Nina Kovalenko isn't surprised her Noblesville High School's Class of 2008 scored 22 points higher on the SAT than the Class of 2007 or that its averages were higher than state and national ones.
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3 goals drive Heights staff, students and new principal
Jarrod Mason didn't have to feel like a stranger in a strange land on the first day of school.
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Richard Leroy Elliott
ATLANTA -- Richard Leroy Elliott, 80, Atlanta, died Wednesday, Aug. 20, 2008, at Miller's Merry Manor in Tipton.
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Huskies to bring the house with Habitat project
ARCADIA - The Hamilton Heights football team will take a break from the gridiron today to perform a service project.
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Ride will benefit Heights wrestler
A motorcycle ride on Saturday will benefit a Hamilton Heights High School wrestler recovering from a rare form of cancer.
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'94 Heights graduate to return as principal
ARCADIA - A 1994 Hamilton Heights High School graduate whose former principal called him a good student, team leader and go-getter will be leading his alma mater when students return to school Aug.
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'94 Heights graduate to return as principal
ARCADIA - A 1994 Hamilton Heights High School graduate whose former principal called him a good student, team leader and go-getter will be leading his alma mater when students return to school Aug.
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Mildred Voss
DEERFIELD BEACH, Fla. -- Mildred 'Mid' Voss, 87, Deerfield Beach, and formerly Noblesville and Arcadia, died Sunday, July 13, 2008.
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Kids Farm Adventure shows youngsters where food comes from
NOBLESVILLE -- Children wearing ice cream-stained shirts and cowboy boots tramped through Hamilton County's 4-H Fair Thursday to learn about farming, animals and where their food comes from.
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Romanian church creates home for all faiths in Arcadia
Central Indiana is getting its second Romanian church, and founders have chosen Arcadia as its home.
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Man Seen Exposing Himself Near Fishers Pool
A man doing work near a Fishers pool was arrested Tuesday for exposing himself to visitors, police said.
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Painter at Nearby Home Exposes Residents at Windermere Pool
On Tuesday, July 8th officers were called to the Windermere pool. Witnesses reported that a man exposed himself while standing in an area clearly visible from the pool area.
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Odle McGuire Shook awarded Hamilton Heights contract
ARCADIA -- Odle McGuire Shook's outstanding record of client satisfaction has earned the architectural/engineering firm another job.
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Hamilton Heights Middle School Honor Roll
These students from Hamilton Heights Middle School in Arcadia were named to the second-semester honor roll.
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Retiring teacher made it fun
Students say it's been easy to pay attention in Stan Renner's U.S. history classes.
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Principal to leave Hamilton Heights H.S.
ARCADIA - Sterling Boles, principal of Hamilton Heights High School, has accepted a job as assistant superintendent at Frankton-Lapel Community Schools.
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Ulrich captures Plein Air competition
Holly Ulrich, Noblesville, won the Plein Air -- French for "open air" -- Paint Out Competition June 11 in Noblesville.
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Northern county storms leave damage in wake
NOBLESVILLE -- On Tuesday afternoon, the White River in Noblesville was just under 10 feet.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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