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Divorce Buyouts
Debt Consolidation
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Crandall, 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
| Crandall, Indiana News |
Plans for Keller property shape up
Tourism boosters and leaders of a merchants' group pounced on a chance four years ago to buy the former Keller furniture manufacturing property near downtown Corydon.
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Church Happenings
Household of Faith Assembly of God Church. 6080 Ind. 335 NE, Crandall, 5 p.m. Friday.
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Cedar Glade at 200
Corydon continued its bicentennial celebration Sunday, as the owners of Cedar Glade - the second oldest house in Harrison County - opened their lawn for a 200th birthday party of their own.
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Corydon's Cedar Glade marks 200th birthday
Corydon, the first state capital of Indiana, has been celebrating its bicentennial all year with yesterday making the 200th birthday of the Cedar Glade estate.
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Indiana Church Happenings
Sisters of St. Benedict Monastery. 802 E. 10th St., Ferdinand. 'Saturday Morning at the Dome' programs will begin with optional morning prayer and Mass at 8 a.m., offer breakfast at 9 and conclude with lunch at ...
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Stormy days ... and nights
Storms Sunday night and Monday morning packed high winds, heavy rain and dazzling lightning displays but caused mostly minor damage.
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Stormy days ... and nights
Storms Sunday night and Monday morning packed high winds, heavy rain and dazzling lightning displays but caused mostly minor damage.
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Tiny Indiana church has big building plans
"We want to help keep them from having to wander around out into nowhere and get in trouble" Household of Faith Assembly of God Church in Crandall, Ind., wants to build a multipurpose building for the church and for young people in the community who church members say have nowhere to go. via The Courier-Journal
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Diverse group gathers to hear Obama speak at IUS
"I'm interested in someone bringing our troops home" Jeffersonville resident Kalvin Cathey visited Indiana University Southeast on Wednesday to listen to a candidate he calls "intelligent, confident and self-assured." Cathey, 32, compares presidential hopeful ... via The News Tribune
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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 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.
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