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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Donaldson, 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
| Donaldson, Indiana News |
Meteorite brings curiosity, conversation
John Fogl, professor of biology, and Dan Clampitt, an instructor of biology, discuss the origins of the meteorite thatA has been in the science wing for many years.
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McKibben guest at strategic planning meeting
John Fogl, professor of biology, and Dan Clampitt, an instructor of biology, discuss the origins of the meteorite thatA has been in the science wing for many years.
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Argos chief requests home vehicle
Zane Devault, 9, had the youngest entry during the car show Saturday - with his quartermidgets that he has been racing for the last four years.
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FOP-organized car show a success
Zane Devault, 9, had the youngest entry during the car show Saturday - with his quartermidgets that he has been racing for the last four years.
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Community Briefs: Marshall
Community worship Sunday at festival Members of the community and visitors to the Marshall County Blueberry Festival are invited to a worship service at 11 a.m. Sunday at the Amphitheater in Centennial Park.
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Officials not interested in cage fight event
Employees were evacuated for several hours from Medallion Cabinetry in Culver after a bomb threat was called in to the factory.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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