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Atwood, 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
| Atwood, Indiana News |
Kosciusko files fatal-crash counts
An Etna Green man has been charged with reckless homicide in a December crash that killed a 76-year-old retired Atwood businessman. via Journal Gazette
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Kosciusko files fatal-crash counts
An Etna Green man has been charged with reckless homicide in a December crash that killed a 76-year-old retired Atwood businessman. via Journal Gazette
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Atwood man, 19, faces reckless homicide charge
A 19-year-old Atwood, Ind., man faces felony charges in connection with a fatal crash Dec. via WSBT
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Kosciusko County man arrested on reckless homicide charge
The following information was provided by the Kosciusko County Sheriff's Department on Wednesday, April 30: The Kosciusko County Sheriff's Department arrested an Atwood man early this morning on charges of ... via WANE-TV Fort Wayne
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First Hoosier killed in Iraq honored in hometown
"It makes you think, I mean it doesn't let his name go by the wayside, you'll remember him everyday. If you see a plaque there when you walk in its going to stick in your mind, I think it's a good gesture" More than five years after his death, the first Hoosier to lose his life in Iraq was honored in his hometown today. via WNDU-TV South Bend
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Mark Harris named town council president
New year, new council, new president - but same old business. A radically different looking council had its first meeting Wednesday night, with Ryan Goodwin, Anthony Langley and Jeff Cook joining existing ... via The Times
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Car accident leaves one dead, two injured
An accident in western Kosciusko County left one man dead and two other people injured. via WNDU-TV South Bend
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1 killed, 2 injured on Old U.S. 30
A 76-year-old Atwood man was killed and two men were hospitalized following a two-car crash Tuesday afternoon near Etna Green, according to the Kosciusko County Sheriff's Department. via Journal Gazette
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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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"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.
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