Eminence, 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
| Eminence, Indiana News |
Social briefs a " Nov. 19, 2008
With the support of the Community Foundation of Morgan County Inc. and its executive director Tom Zoss, the Mooresville and Martinsville Chambers' Scholarship Fair has really taken off, said Mooresville chamber ...
|
Score admission to games by donating food
Everyday in Morgan County, many people go hungry. Some don't have the money or the means to get it, but here in Eminence we're trying to alleviate some of these problems.
|
Area briefs - Sept. 16, 2008
The Metropolitan School District of Martinsville school board will meet at 7:30 p.m. Thursday at the Administration Building, 460 S. Main St.
|
Area briefs - Sept. 10, 2008
Due to a water main break, there will be a water boil order for the following streets in Brooklyn: Hughes, Indiana, Ohio, Virginia Avenue, Church Street north of Hughes, Clark, Justin Drive, Michael Court, East ...
|
Nurse gets high praise
Nurses are in high demand today. They are usually self-motivated individuals who have their hearts set on helping people who are ill.
|
Social briefs - Aug. 8, 2008
The Crowe-Hillman family will have a reunion from 1 to 6 p.m. Sept. 6 at the Brooklyn Kid's Park in Brooklyn.
|
Briefs - July 25, 2008
A special meeting of the Eminence Community School Corp. board will be held at 7 p.m. Monday to consider propane bids and bus bids for Route 8. The board meets in the school corporation administration building, ...
|
Class of 1978 graduates sought
The Martinsville High School class of 1978 is looking for these missing classmates: Debbie Arnold, William Bailey, Tracie Barger, Mike Beihl, Kim Brown, Roberta Christie, Glynda Clay, Mark Cook, Tami Craft, ...
|
Vincent Trauner
Maureen Elizabeth and James Alan Trauner of Eminence are the parents of a son born at 9:29 a.m. on May 19, 2008, at Morgan Hospital and Medical Center in Martinsville.
|
Fish cleaning workshop is April 29 in Connersville
CONNERSVILLE, Ind. - Learn how to properly clean and cook fish at a fish cleaning workshop at the Fayette County Fairgrounds Expo Hall. via Palladium-Item
|
Another Green Acres raw sewage spill reported
"I don't own the treatment plant, haven't been able to close on the sale." While the Indiana Department of Environmental Management investigates another raw sewage spill at Green Acres subdivision, paperwork to transfer ownership of the sanitation system remains unsigned. via Kokomo Tribune
|
Skillman to be Lincoln Day dinner speaker
Lt. Gov. Becky Skillman is scheduled be the guest speaker at the annual Morgan County Lincoln Day dinner, which will start at 6 p.m. Tuesday at the Monrovia Christian Church, 710 Gordon Road in Monrovia. via The Times
|
Chicken fry to benefit Africa project
"Rotary International has matching grants available for projects such as these. They can be used for anything but brick and mortar, the building itself, but equipment and infrastructure (minivans or buses) can be supported by this money" If you would like to enjoy a delicious fried chicken dinner, the company of friends and neighbors, and music, all while helping raise money for a worthwhile project, the Rushville Knights of Columbus is the ... via Rushville Republican
|
: Wake Up Breakfast to celebrate CMH's 40th year
The April 17 Wake Up Breakfast of The Chamber of Commerce for Anderson & Madison County will focus on the observance of the 40th anniversary of The Center for Mental Health. via Anderson Herald-Bulletin
|
At the Library
The library will have bookmarks, pencils & treats during the week to celebrate National Library Week, so stop by your library! Visit the library website, www.putnam.lib.in.us , for a special message from ... via Banner-Graphic
|
Tipton considers leaving IURC
"We spent $90,000 the last time for an increase." Users of the Tipton city electrical utility will have an opportunity to voice their opinion Monday concerning the city's intent to leave the Indiana Utility Regulatory Commission. via Kokomo Tribune
|
Get ready for Trash Bash
If you toss an aluminum can from your car and no one picks it up, its lifespan in the ditch could be 200 to 500 years. via Palladium-Item
|
City honors civil rights leader
"We're here to thank you for the individuals you sent to help propel us to where we are today." For the first time since Dr. Martin Luther King Jr. was assassinated, the city of Kokomo conducted a tribute to the slain civil rights leader. via Kokomo Tribune
|
Thumbs up, thumbs down
Thumbs up: To the State Department of Transportation who on Saturday kicked off Trash Bash, its annual spring cleaning event to collect trash and debris from along 3,000 miles of Indiana highways. via Herald-Bulletin
|
Police probe business break-ins
Lebanon Police are investigating a rash of overnight business burglaries. LPD Public Information Officer Brent Wheat reports sometime during the early morning hours on Monday, seven local businesses were broken ... via Lebanon Reporter
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|