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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Cromwell, 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
| Cromwell, Indiana News |
Three arrested in Cromwell meth bust
A citizen report has led to a meth bust in Syracuse. After the smell of ether was reported, officers responded to a residence on East Chickadee Drive in Cromwell.
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Meth house busted in Kosciusko County
A meth bust in Kosciusko County lands three people in jail. The drug task force was called to the 9,000 block of East Chickadee last week, after a neighbor smelled ether.
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Cromwell: A nice place to raise your kids
Cromwell is my favorite small town in Indiana. I've been in some big towns and heard me some big talk in my time, but I still like the feel and flavors of Cromwell for that real "Hoosier" lifestyle.
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Burglar waits for police in rocking chair
The Kosciusko County Sheriff's Department arrested a Pierceton man early Thursday morning after he broke into a neighbors' residence and then waited for the police.
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Fatal accident details released
KOSCIUSKO COUNTY, Ind. --- The Kosciusko County Police have released details about a 4th of July fatal accident that killed a 19-year-old Cromwell, Indiana woman.
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Head-on collision kills 19-year-old
Nineteen-year-old, Jessica Ruiz, of Cromwell, died Friday after being hit by an oncoming BMW in Kosciusko County.
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Obama knocks on doors in Elkhart
Presidential candidate Barack Obama and his family made an early afternoon stop in an Elkhart neighborhood to shake hands, sign autographs and meet hundreds of people. via Goshen News, Goshen, IN
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Chase ends with suspect charged with felonies
A Cromwell man was arrested on drug and firearm charges Sunday morning after a vehicle and foot chase by Syracuse police. via Goshen News, Goshen, IN
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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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