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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Refinance
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Craigville, 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
| Craigville, Indiana News |
State deregulation pays off, expo told
Craigville Telephone Co.'s Martin Stout, left, and Keith Ehrman talk with David Beckham and Mike Stagl of NuCore Technologies Inc.
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Hardee's staff rescues kittens from trash bin
Two weeks ago, someone took four healthy, weeks-old kittens and put them in a garbage bag, sealing off their escape by tying a knot at the top of the bag.
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After 33 years, Craigville Postmaster says goodbye
Dawn Gerardot, Manager of Post Office Operations, visited Craigville Tuesday to honor the 33 years of service USPS received from retiring Postmaster Loretta Smith.
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40th TRF is history
The Fort Wayne Newspapers Three Rivers Festival ended with a bang - lots of them.
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40th TRF is history
The Fort Wayne Newspapers Three Rivers Festival ended with a bang - lots of them.
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A van kicks up high water from Tuesday's thunderstorms in downtown Fort Wayne.
The National Weather Service in northern Indiana issued a severe thunderstorm warning for Adams, Allen and Wells counties in Indiana and Paulding and Van Wert counties in Ohio until 3:30 p.m. At 2:27 p.m., the ...
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Angelpond is again reflecting a twinkle
A good painter will always remember to add the white spot of light that is reflected in a person's eyes.
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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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