East Chicago, 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
| East Chicago, Indiana News |
SourceNet shutters East Chicago office
SourceNet Inc., an Indianapolis-based temporary worker firm, has closed its East Chicago location, according to the Indiana Department of Workforce Development.
|
Chinook salmon running again in East Chicago
Salmon from Lake Michigan have found an unusual place to spawn -- the city of East Chicago's wastewater treatment plant.
|
Four degrees to Bob Cantrell
East Chicago's political fixer Bob Cantrell is far too sharp to have thought that his ploy to get his fraud conviction set aside was going to stick to any wall at which he threw it.
|
Nature center visitors learn about days of old at annual Settlers' Day
Whether touring log cabins or taking part in history hikes, visitors to the Sand Ridge Nature Center on Sunday walked away with a better understanding of how pioneers lived.
|
Feast to famine for some steelworkers
U.S. steelmakers set records for profitability during the first three quarters of 2008, but their fate and fortunes have plunged in tune with the tumbling global economy.
|
EC. transforms North Harbor section
The city of East Chicago is moving ahead with plans to revitalize the North Harbor section with spectacular proposals for new housing, economic development and an attractive school district bringing people back ...
|
You didn't play, but you'll pay
My inaugural Bohica Award goes to people in Lake County who live outside Hammond, Munster, East Chicago, Highland or Whiting.
|
The New East Chicago
Dedicated to the advancement of the State of Indiana by re-affirming our state's constitutional principles that: all people are created equal; no religious test shall be imposed on our public officials and ...
|
Charges filed in South Shore robbery on Election Day
Two people are charged in connection with the Election Day robbery of a woman at the East Chicago South Shore station.
|
East Chicago man, 23, charged with murder
An East Chicago man has been charged with murder in the shooting death of another man last week.
|
Marshals seek East Chicago man on robbery charge
An East Chicago man wanted for robbery is the fugitive of the week. The U.S. Marshals Task Force is looking for Reginald Washington, who is wanted for robbery in Lake County.
|
Township's Dial-A-Ride not in jeopardy
Plans by Northwest Indiana Community Action to end its demand-response bus service in January will not affect North Township's Dial-A-Ride service, Trustee Frank Mrvan said last week.
|
Man charged on anniversary of fatal crash
Kevin Smith's family on Friday was a step closer to the justice they've been seeking a year to the day after he lost his life in a head-on crash.
|
East Chicago man shot to death outside his home
An East Chicago man was shot to death outside his home on Thursday afternoon. Jason T. Rogers, 34, resided in the 3500 block of Guthrie Street in East Chicago.
|
Saving Bus Service in Northwest Indiana
Money troubles may threaten public bus services in Northwest Indiana. The cities of Gary, Hammond and East Chicago all currently operate their own bus service.
|
|
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.
|
|