Economy, 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
| Economy, Indiana News |
Wayne Co. survey: Economy top concern
The need for economic vitality tops of the list of things area residents are most concerned about and want most for Wayne County.
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Economy, staff won Obama votes locally
MUNCIE -- For years to come, political historians will be studying how Barack Obama became the first Democratic presidential candidate since Lyndon Johnson in 1964 to win Indiana.
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Blackford County candidate profiles
Past experience in public or elected office : Elected recorder in 2004; also served two terms as Blackford County clerk.
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Dr. Alfred & Donna Hollenberg 60th Anniversary
Dr. and Mrs. Alfred E. Hollenberg celebrated their 60th wedding anniversary on June 13, 2008.
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Gerald 'Gary' Saunders supporters cite reasons for re-election to council
We would like to ask for your support to re-elect Gerald 'Gary' Saunders to the Wayne County Council.
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Nettle Creek Lions Club grateful for help that made Jubilee Days a success
The Nettle Creek Lions Club would like to express deep gratitude to the individuals and businesses that made our Jubilee Days events possible and successful.
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Out of Our Past: Bird causes downtown power outage
Myra Dennis Halley, a harpist with the Glendale, Ca., Symphony Orchestra, and formerly of Richmond, appeared in a concert at the First Friends Church.
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Williamsburg Lions thank everyone who sponsored, participated in car show
The Williamsburg Lions Club would like to thank all the participants and sponsors of their recent car show held during Williamsburg Days on Aug.
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Modoc winery, Randolph Co. winemakers drink in state fair success
MODOC, Ind. - One winery and five amateur winemakers from Randolph County earned honors during the Indiana State Fair Indy International Wine Competition.
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Pending Services
Dick, Barbara, of Economy, Ind., died July 21. Arrangements will be announced by Culberson Funeral Home, Hagerstown, Ind.
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Pending Services
Dick, Barbara, of Economy, Ind., died July 21. Arrangements will be announced by Culberson Funeral Home, Hagerstown, Ind.
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Hagerstown grad puts it together for junior golf win
Chad Melton was long overdue a day like this. The recent Hagerstown High School graduate won the 18-year-old division of the Indiana Junior Golf Age Group Championships Thursday at Indiana National Golf Club.
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4-H sheep show is a family affair for Economy residents
Bruce Lochotzki of Economy, Ind., made a deal with his city-raised wife when he moved their family to a farm several years ago.
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Economy Community Days offers car show, parade
A car show, parade, a breakfast and an ice cream social are the ingredients being mixed together for this year's Economy Community Days on Saturday.
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Flooding causes Randolph County to declare a Level 3 advisory
Torrential rains overnight in the Whitewater Valley flooded roads and resulted in nine vehicles and a horse being rescued this morning by the Randolph County's Sheriff's Department.
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Letter carriers collecting food for local pantries
As the local coordinator of the National Association of Letter Carriers Food Drive, I would like to announce our participation in the 16th annual NALC Food Drive. via Palladium-Item
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Marvel Industries announces Richmond pullout, loss of 140 jobs
"We tried to call them and they did not take our call and they did not call us." A company consolidation plan led Marvel Industries to announce this afternoon it will leave Richmond and relocate to its company's headquarters in Michigan, taking 140 jobs, including 132 full-time positions, ... via Palladium-Item
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Marvel move to cost 140 jobs
"We have not received a voice or e-mail from them" Local officials said Thursday they were frustrated upon learning from secondhand sources within the company about Marvel Industries' plan to leave Richmond. via Palladium-Item
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Couple uses memories to look beyond ashes
"Nobody can take that away. Nobody" WILLIAMSBURG, Ind. -- Today, Penny Bullock will push around the black ashes that blanket her living room in Williamsburg. via Palladium-Item
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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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