Arlington, 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
| Arlington, Indiana News |
School budget hearings postponed
Public hearings on assorted budgets proposed by the Rush County Schools Board of Trustees were not held Tuesday evening as originally scheduled.
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School project takes another step forward
The construction of two new elementary schools in Rush County is one step closer to becoming a reality following action by the Rush County Schools Board of Trustees Tuesday evening.
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Boredom isn't allowed in her vocabulary
Priscilla Winkler uses volunteering as a way of recompense for all she has received.
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Rants, raves and random thoughts 080408
Greetings, one and all, and welcome! There's been no shortage of contributed comments so let's check the mail and see what's up with The Roiling Hundreds! uuu n Raves to all the people who helped us with our ...
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Gordon birth
Kassidy Sharp of Arlington and David Gordon of Ronkonkoma, N.Y. are pleased to announce the birth of their daughter, Brooklynn Marie Gordon.
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campus news
Adrienne Francine Sumpter of Arlington is among 742 DePauw University students who have been recognized for outstanding academic performance and named to the Dean's List for the 2008 spring semester.
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campus news
Adrienne Francine Sumpter of Arlington is among 742 DePauw University students who have been recognized for outstanding academic performance and named to the Dean's List for the 2008 spring semester.
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Mills headed to Girls Nation
Virginia Mills may not be old enough to vote in the November presidential election, but next week, she will present a bill to the senate and argue for its ratification.
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Boys & Girls Clubs members visit Tomb of the Unknown Soldier
As area residents remember the patriotic heroes who have defended America's freedoms this Fourth of July weekend, members of the Boys & Girls Clubs of Wayne County's Torch Club have a special memory to ...
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School board OKs spending $3.2M
The Rush County Schools Board of Trustees met Tuesday and welcomed a new member, reorganized, and approved a $3.2 appropriation among the assorted business addressed.
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Arlington/Roe recognized for community service
Arlington/Roe & Co., an Indianapolis-based managing general agent and wholesale insurance broker, received the national Community Service Award from the American Association of Managing General Agents at the ...
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campus news 061708
Commencement exercises for the Franklin College class of 2008 took place May 17.
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One dead, one injured in 3-car crash
One person was killed and another injured after a three-car crash on the southeast side Thursday morning.
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One killed in three-car wreck on Brookville Rd.
Add your thoughts: Name change Should Indianapolis rename airport after war hero? FedEx worker killed in three-car wreck on Brookville Rd.
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Rush County student earns art awards
Jaime Nigh participated April 6 In Anderson University's Department of Art and Design senior exhibition "Seriously." She was awarded the Indianapolis Artist-Craftsman/Talbot Street Art Fair Award for a piece ... via Rushville Republican
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anniversary: Kuhn
Joe and Judy Kuhn of Fountaintown celebrated their 40th anniversary with a family cruise to the Bahamas. via Rushville Republican
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campus news
Local student presented vocal recital Greencastle - Adrienne Sumpter, who is in her fourth year at DePauw University in Greencastle, presented her Senior Voice Recital Sunday. via Rushville Republican
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Commissioners learn of ECDC efforts
"We will get a plan together and make this happen" The Rush County Commissioners again conducted business with a Rushville Elementary School third grade class in attendance Monday morning. via Rushville Republican
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engagement: Mann-Ward
Julie and David Mann of Manilla and Dale and Debbie Ward of Arlington would like to announce the engagement and approaching marriage of their children, Kimberly Mann and Kristopher Ward. via Rushville Republican
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Winners announced in the Powerful Poetry Contest for Rush County fifth- and sixth- graders
Mary Wilkinson, a sixth grade teacher at Arlington Elementary, loves to write songs, books, and poetry. via Rushville Republican
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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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