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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Laotto, 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
| Laotto, Indiana News |
$450,000 Stolen Tour Bus Recovered
Police have found a 45-foot tour bus stolen from a northern Indiana garage in a Detroit suburb and have arrested a man they believe was responsible for its theft.
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$450,000 tour bus taken from Indiana garage
Police are looking for a 45-foot tour bus stolen from a northern Indiana garage.
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Luxury coach reported stolen
Anyone who spots a missing MCI Touring Coach with Indiana license plate 6507 is asked to call the Noble County Sheriff's Department at 260-636-2182 or their local police department.
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Fire destroys rural home
A rural Garrett family escaped injury but their home and its contents were completely destroyed in a fire Sunday afternoon.
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Real estate firms file bankruptcy
Three firms involved in Churubusco real estate filed Friday for Chapter 11 bankruptcy protection.
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3 arrested on theft charges
An 18-year-old and two juveniles were charged with theft after they were caught allegedly stealing merchandise from the Wal-Mart store.
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Several booked into Noble County Jail
Several people were booked into the Noble County Jail from Friday through this morning, according to the Noble County Sheriff's Department.
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Charges filed in lake draining
Indiana conservation officers have filed several environmental charges against the Steuben County surveyor, who is accused of having a company dig a channel that lowered the water level of Terry Lake in DeKalb ...
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Harvest may be a - disappointment' to farmers, ag economist says
A dry August will hurt northeast Indiana's field crop yields this harvest, frustrating farmers who had hoped they would have more bushels to sell at the high prices projected for the coming year.
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Lawsuit claiming fraud by appraiser
Fallout from the case of ousted Steuben County banker Earl McNaughton came to Allen County this month with a lawsuit filed against an appraiser accused of fraudulently evaluating a property to help McNaughton.
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Police Blotter: DeKalb
Auburn man faces firearm, drug charges AUBURN - Douglas E. Bishop, 35, of the 5000 block of C.R. 23, Auburn, was arrested by county police at 6:38 p.m. Sunday on firearm and drug charges, according to police ...
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Police Blotter - DeKalb
Crash injures teen; OWI charge pending GARRETT - A Garrett teenager sustained injuries in a crash at 12:59 a.m. today, according to county police.
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Paintball store trading spaces
A local entrepreneur's paintball business has grown so fast he plans to turn a former indoor motocross arena into an indoor paintball arena in LaOtto in July.
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Noble County Council primary races settled
"I'm going to take a breather. I did quite a bit of campaigning. And a lot of people were out there working for me." Three Republicans will face three Democrats in the Noble County Council at large race this fall. via Goshen News, Goshen, IN
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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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