Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

IN Divorce Buyout in Indiana

Since 1979 Somerset Mortgage Lenders 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.

Local divorce buyout directory for IN :
Dale Decker Depauw Dubois
Daleville Deedsville Deputy Dugger
Dana Delong Derby Dunkirk
Danville Delphi Dillsboro Dunreith
Darlington Demotte Donaldson Dupont
Dayton Denver Dublin Dyer

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Indiana News
Rural utilities push for new power sources

A gathering in Indianapolis this week of rural electric companies will raise the issue of a looming power shortage and higher costs for consumers.

Summit explores carbon capture, storage ideas

With federal greenhouse gas limits possible in the near future, Indiana's utilities could soon face the challenge of reducing carbon dioxide emissions from coal-fired power plants that generate most of the ...

Parts of I-65 to close this weekend

The Indiana Department of Transportation will be closing lanes and ramps of Interstate 65 between mile marker one and the John F. Kennedy Bridge this weekend.

Air Force planes fly to Indiana to avoid storm

Six planes from a North Carolina Air Force base are being moved to Grissom Air Reserve Base in Indiana to avoid Tropical Storm Hanna.

: Golf cart popularity collides with Indiana law

Golf carts are becoming a more common sight on Indiana's streets and roads, but state police say they fail to meet the safety and equipment standards for motor vehicles to be driven on public streets.

Obama Campaign Doesn't Fear Loss of Clinton Voters

The Obama campaign says Indiana Democrats who voted for Hillary Clinton in the primary election won't vote for Republican John McCain just because he selected a woman as his running mate.

Fire prompts Avon apartment evacuation

A fire at the Hoosier Woods Apartments prompted an evacuation Sunday evening. The fire started around 5:00 pm and involved 16 units.

Palin's fight: the sex factor

Alaska Gov. Sarah Palin, the likely Republican vice-presidential nominee, shakes hands with supporters at the conclusion of a campaign unity rally in O'Fallon, Mo., on Sunday.

Health name of the game now

Roger Haupert, 59, enjoys making his Fruit Crisp and Mushroom Crepe Cake. Dean Musser Jr.

Indiana postal stamp issued

Hoosiers who send birthday cards by mail or pay their electric bills by check will have a chance to practice some state pride if they buy the latest 42-cent stamps issued Tuesday by the U.S. Postal Service.

Police working to identify body found on Indiana farm

A woman has been found dead in rural southern Indiana field and police say something does not add up.

Elevated Indiana Toll Road getting fix

A $250 million Indiana Toll Road construction project, underway since last year, began to tackle Tuesday what is arguably the 156-mile roadway's most critical stretch.

Ind. Law - 'Golf carts, state police policy collide'

' Hundreds of Hamilton residents use their golf carts to go to the post office, pick up groceries or make an ice cream run in their Steuben County lake community.

Sheriff: Rotor flew off medical helicopter

The main rotor came off a medical helicopter before the craft crashed into a southeastern Indiana farm field, killing three crew members, authorities said today.

IUN vice chancellor Hass-Birky killed in crash

The associate vice chancellor for academic affairs at Indiana University Northwest was killed in an accident Friday on Indiana 49.

Indiana Task Force One heads for Gulf Coast

Hurricane Gustav is picking up speed and is headed straight for the Gulf of Mexico.

Tickets available for 1st gubernatorial debate

The Indiana Debate Commission is making 2,000 tickets available to the public for the Sept.

- American Teen' documentary paints familiar picture

Not another teen movie. Or, more precisely, not just another teen movie. "American Teen" calls itself a documentary, but it's a documentary the way all those "reality" TV shows depict real life: in suspiciously ...

Arrest made in Indiana killings

A 36-year-old Madison man was arrested Friday afternoon, accused of killing two Cincinnati residents and seriously injuring a third, Indiana State Police said.

Indiana Lt. Governor Presents ATA First Vice Chairman With AgriVision Award

ARLINGTON, Va.,, Aug. 25 -- Indiana Lt. Governor Becky Skillman recently presented ATA First Vice Chairman Charles "Shorty" Whittington with the state's AgriVision Award in recognition of his commitment to ...

Save time with our easy online mortgage application.
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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)