Brownsville, IN Divorce Buyout in Indiana
Since 1979 Somerset Investors Corp. 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
| Brownsville, Indiana News |
Union County Commissioner District 2 Candidate Profiles
Incumbent? No Year of birth: 1942 Mailing address: 684 N. County Road 600 W., Brownsville, IN 47325 Job title/occupation and place of business: Union County building inspector Education: High ...
|
Winners announced in Area 9 senior artists' competition
Paintings, drawings, photographs, sculptures, glasswork and other artistic accomplishments of older area residents are on display at Indiana University East as part of the 2008 Area 9 Senior Art Competition.
|
Liberty attracts buyers of food, fuel
Liberty has become a lifeline for several Ohio communities without power. The Union County Co-op delivered fuel to semi-trucks holding frozen food for the Oxford Wal-Mart store in its parking lot Monday.
|
County faces possible lawsuits
LIBERTY, Ind. -- Decisions about the next step for a livestock zoning ordinance won't be made until after the Union County Commissioners consult with the county attorney today The county is being threatened ...
|
Environment - 'Delay of megadairy permits, closure of Brownsville...
Environment - "Delay of megadairy permits, closure of Brownsville store have commissioners meeting with county attorney today" Pam Tharp, whose stories appear in the Muncie Star-Press and the Richmond ...
|
Bulletin Board
FIRECRACKER RUN IN ANSONIA The annual Firecracker 5K run starts at 9 a.m. Friday at Ansonia Schools on State Route 47 East.
|
Extending sewage service to Brownsville would cost $8M
LIBERTY, Ind. -- Bringing sewage from Brownsville to Liberty will be costly. The $8 million price tag doesn't kill the project for the Brookville Lake Regional Waste District, but the district must find grants ...
|
Meeting to discuss sewer service
A preliminary engineering study on the feasibility of extending sewer service to Brownsville will be discussed when the Union County Commissioners meet at 8:30 a.m. Monday in the courthouse meeting room.
|
Union County faces high water after storms
LIBERTY, Ind. - Union County was hit with a double whammy Tuesday when tornado-like winds blew across the county around 8:30 p.m. and then a round of severe thunderstorms dumped more rain across the county ...
|
Edna S. Dick
Edna S. Dick, 86, of Brownsville, died Friday, April 25, 2008, at Fayette Regional Health System, Connersville. via Palladium-Item
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
|
|