Ashley, 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
| Ashley, Indiana News |
Officers arrest six
Six people were incarcerated in the DeKalb County Jail Tuesday, according to jail reports.
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Multi-County meth bust results in 13 arrests
A 4 month investigation by the I.M.A.G.E. Drug Task Force has resulted in the arrests of 13 in the Steuben and Dekalb Counties involving meth production.
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Wabash Valley crowd turns out for - Sex and the City' movie premier
Cheers and applause came as the lights dimmed and the first four notes of the "Sex and the City" theme song started Friday morning.
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Police reports - Friday, May 2, 2008
Howard County arrests Monday, 4:43 p.m., police arrested Steven E. Roberts, 50, 2200 block of West Jefferson Street, at Wal-Mart, 1920 E. Markland Ave., on charges of theft and public intoxication. via Kokomo Tribune
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People and places
The Indiana Chapter of the ALS Association has proclaimed the Terry Ternet family of Fort Wayne the family that best exemplifies the spirit of " ALS Across America" for the chapter during ALS Awareness Month in ... via Journal Gazette
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Police Blotter - DeKalb
Crash injures Kendallville man AUBURN - ' A Kendallville man was hospitalized following a crash Sunday at 3:19 p.m., according to DeKalb County Police. via KPC Media Group, Inc.
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Wrecks injure 4, 1 critically, along icy I-69
Four people were injured - one critically - in separate but related crashes that closed Interstate 69 near the DeKalb and Steuben county lines for several hours Sunday night. via Journal Gazette
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Slick Conditions Surprise Motorists, Cause Wreckks in Steuben County
The vehicles apparently hit unexpectedly slick conditions on the highway starting around 10 PM. via NBC 33 News
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Kathleen J. (Kelly) Davis, 60
ANDERSON - Kathleen J. Davis, 60, Anderson, passed away November 16, 2007 at her residence after an extended illness. via Star-Press
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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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