Cannelton, 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
| Cannelton, Indiana News |
Schools chief appreciates community support
CANNELTON Cannelton City Schools Superintendent Al Chapman said he was impressed by the amount of school spirit students exhibited when he had to return to Indianapolis recently to continue a plea for financial ...
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Plenty to be thankful for
I wasn't always kind to Thanksgiving. For the first two-thirds of my 41 years, I under-appreciated the holiday.
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The roots of our Thanksgiving
Editor's Note: This text of President George Washington's Oct. 3, 1789, national Thanksgiving proclamation was printed in The Providence Gazette and Country Journal and is printed with original spellings, ...
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St. Nick plans pair of visits
PERRY COUNTY Santa Claus is coming to town twice this weekend as Cannelton and Tell City host their annual Christmas parades.
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Restroom vandalism
Perry County News online readers will see some changes in this Web site's appearance.
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Supporters eye funding for local resource center
TELL CITY Various organizations met Nov. 13 at St. Paul Catholic Church to discuss the next step in trying to form a community resource center in Perry County.
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Fire chief questions salary
CANNELTON Cannelton Common Council members approved a 2009 salary ordinance for appointed officers and employees at their regular meeting Nov.
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Jury in meth cases returns five guilty verdicts
TELL CITY A jury of eight women and four men deliberated for three hours Thursday before convicting a Perry County man on a charge of dealing in methamphetamine.
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Dance benefits dog-attack victim
A dance beginning at 6 p.m. Nov. 29 at the Cannelton American Legion hall at 516 Knight St., will raise money to help defray medical and related costs for a 1-year-old child attacked by a dog Oct.
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Park draws crowd on its opening day
Park draws crowd on its opening day CANNELTON - Eagles Bluff Park's new welcome center and rebuilt overlook deck drew nearly 200 visitors the first two days it was open, County Recreation Director Dan Adams ...
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Animal advocates seek doghouses
Perry County News online readers will see some changes soon in this Web site's appearance.'> News to change Web-site systems Perry County News online readers will see some changes soon in this Web site's ...
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Two officers honored for daring post-pursuit rescue
Two officers honored for daring post-pursuit rescue Tell City Police Chief Greg Hendershot, right in top photo, congratulates Reserve Officer Jeremy Galloway, after he and Patrolman Derrick Lawalin received ...
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Mogan Ridge fire blankets some areas in dense smoke
State board denies funding INDIANAPOLIS - Cannelton City Schools Superintendent Al Chapman had hoped to convince one more member of the Indiana Board of Education to bless his attempt to correct financial ...
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Read the whole story
Election Day images Photo by Vince Luecke Both Election Day winners, at-large County Councilman Steve Goodson, left in top photo, and District 3 Commissioner Jody Fortwendel congratulate one another after the ...
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Hoosier Energy receives funds
Marksmen supporters can vote early, often in Battle of Bands TELL CITY - Tell City blew its competition off the field in the eighth week of TV station WFIE's promotional Battle of the Bands, and now goes ...
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Cannnelton's clock has eventful history
Cannnelton's clock has eventful history Photo by Kevin Koelling Clock faces at St.
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Halloween highlights
Halloween highlights Witches Walk Thursday TELL CITY - The public is invited to Witches Walk from 6 to 8 p.m. Thursday on Tell City's Main Street.
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Principal boasts of record rate of pride cards
Principal boasts of record rate of pride cards Media club still needs travel money CANNELTON - Forty-one percent of elementary students in Cannelton received pride cards the first nine weeks of the school year, ...
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City officials OK changes to sewer-work plan
City officials OK changes to sewer-work plan Details will be provided in upcoming public hearings CANNELTON - Cannelton Mayor Smokey Graves and Councilman Adam Goffinet, in their role as members of the city's ...
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State board defers Cannelton Schools request
Overtime, storm hit budget hard CANNELTON - Thanks to some unexpected circumstances the Cannelton Police Department's funds will run low at the end of the month unless additional appropriations are made, ...
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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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