Lagro, 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
| Lagro, Indiana News |
Lagro man killed by train
An 18-year-old Lagro man was killed Saturday when he attempted to cross a railroad.
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Gunman robs Lagro Junction
The Lagro Junction was robbed at gunpoint Saturday morning. About 7:20 a.m., according to the Wabash County Sheriff's Department, a male, 5'4'' to 5'6, heavy build, entered the store with a handgun.
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Crash claims Lagro man
A single-car crash near Andrews on Saturday left one man dead. The man, Keli D. Hamilton, 43, of Lagro, died in the early morning hours of Saturday.
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One held, one sought in truck thefts
Authorities say a pair of juveniles in recent hours stole and crashed two pickup trucks.
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County native named Georgia's Author of the Year
Doug Crandell, a Wabash County native, has won the Georgia Author of the Year Award in the memoir category.
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Baker honored by GOP group
Maxine Baker, longtime clerk-treasurer for the town of Lagro, was honored Friday night at the 28th annual Tribute to Women dinner.
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NHS grad buys Wabash Veterinary Clinic
Dr. Lauren McWhirt is no stranger to animals. As a matter of fact, she has turned her love for our furry, four-legged friends into a career.
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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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"...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.
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