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Decker, 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
| Decker, Indiana News |
While the Flood of 2008 is behind the Valley, much work remains to be done
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N.E.W. Customer Service Co. bringing 460 jobs to Valley
A company that provides customer support in the consumer electronic, computer and wireless industries is expanding its work-at-home program into Terre Haute.
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$70M CertainTeed plant opens doors
After two years of construction, CertainTeed opened its doors to the public at a grand opening on Wednesday morning.
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Mayor will lead railroad relocation committee
Terre Haute Mayor Duke Bennett will serve as chairman of a city/county steering committee to provide a general direction and scope of work for a long-range plan for railroad relocation.
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City police officers honored for extraordinary service
Officers, friends and family members gathered Wednesday to honor men and women of the Terre Haute Police Department and civilians who gave extraordinary service to the citizens of Terre Haute during 2007. via Tribune-Star
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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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