Dyer, 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
| Dyer, Indiana News |
Man robs Dyer gas station twice
A Schererville man was charged with two felony counts of robbery after robbing a Dyer gas station twice in nine hours Saturday.
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Hammond gets budget OK from County Council
Of Lake County's cities, Hammond was the only one to get a figurative green light from the Lake County Council on its budget.
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Boil order in effect for Dyer-area residents
A precautionary boil order has been issued for about 440 Aqua Indiana customers in the Dyer area.
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DNA ties Illinois man to four-year-old Dyer burglaries
DNA evidence has linked a Lansing man to two Dyer burglaries that happened four years ago.
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Are you ready for the sheriff's race?
Just when you exhaled with relief and said, "no more politics for a while," the jockeying for Lake County sheriff already has begun in earnest.
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Lansing remembers veterans' sacrifices
Although Sunday's frigid wind resulted in a smaller than usual crowd for the Lansing Veterans Memorial Ceremonial Honor Guard's 16th annual Veterans Day service, those who braved the elements were better able ...
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Bad day for cop cars -- two wrecked in crash
A pair of St. John police squad cars were badly damaged Wednesday when an apparent drunken driver struck both vehicles as officers directed traffic at the scene of a collision between another driver and a ...
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School Board candidates cite repairs as top priority
With changes in the law regarding capital projects on the books, two of Lake County's largest school districts have a lot to consider in the coming years.
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Professionals on the move
Barb Klein is the new director of patient services at The Centre P.C. plastic surgery practice in Chesterton.
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Senior tours help company compete in Internet age
When Leonard Delisi started Royal American Travel 25 years ago, there was no Internet for booking flights and air lines still paid commissions to travel agents.
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Cheers to good food and fun at Rounders
If you're looking for flavorful food and friendly surroundings, pay a visit to Rounders Stadium Grill in Dyer.
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Kids make it, take it: Library craft program brings out their creativity
Decorating mini-pumpkins can be big fun for those who are creative. And the children who recently visited the Dyer-Schererville Branch of the Lake County Library for the Make It and Take It program proved ...
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Contract negotiations continue between Anthem, Sisters of St. Francis
Anthem Blue Cross and Blue Shield officials said Wednesday they hope to settle a contract dispute with the Sisters of St.
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Road salt prices soar as industry tries to keep up with demand
There are millions of tons of salt buried beneath various regions of the Earth, but whether a sufficient amount of it reaches the streets of Northwest Indiana and the south suburbs this winter is anyone's ...
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backTalk for Wednesday, Oct. 1, 2008
Loyalties ill-advised Long live Sarkisian. School boards are not cheering sections.
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Developer paying to restore Veterans Memorial
A local developer is footing the bill to restore the Veterans Memorial along U.S. 30.
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Dyer man gets four years in credit card crime
A Dyer man was sentenced Thursday to four years in prison for using a stolen credit card at a Lowell smoke shop and violating his probation, the Lake County prosecutor's office reported.
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Ind. House GOP has eye on NWI race
The south Lake County rematch between Republican state Rep. Don Lehe and Democrat Myron Sutton is one of the key races Indiana House Republicans are watching this fall as they seek to regain control of the ...
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Bank opens new Schererville branch
American Savings, FSB's newest full-service branch recently opened at the corner of U.S. 41 and 78th Court in Schererville, just north of Lake Central High School.
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Visclosky: GOP blocked communities' voice in rail mergers
House Republicans blocked proposed legislation to give communities more of a say in railroad expansions within their municipalities, U.S. Rep.
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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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