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Farmland, 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.

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Farmland, Indiana News
Registration under way for after-school art club at Farmland Cultural Center

FARMLAND -- Registration is under way for Historic Farmland USA's after-school art club.


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Enjoy holiday fun downtown on Tuesday in Farmland

Historic Farmland USA will present its annual "Holiday Evening" 5-9 p.m. Tuesday in the downtown business district.


Concannon's enjoys sweet taste of success

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You can still get molodramatic in December

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Food basket program

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Paula Keister selected to join Farmland town council

FARMLAND - Republican Paula Keister on Monday was sworn into office as the newest member of the Farmland Town Board.


Farmland, New Castle each awarded $500,000 grants

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Farmland receives $500,000

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Historic Farmland gears up for Holiday Evening

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Farmland Council president dies at home

Bill Necessary, president of the Farmland Town Board, died suddenly Tuesday at his home.


Preschoolers' book club starting in county

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Artist Guild giving back to family who gives and gives

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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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