Lowell, 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
| Lowell, Indiana News |
NWI legislators say they must unify as fight over tax caps looms
Northwest Indiana's strategy for success at the Statehouse didn't change with the re-election of Republican Gov.
|
Fire safety is focus: Lowell children learn from volunteer firefighters
"Prevent Home Fires" is the theme for National Fire Prevention Week this year. About 10 members of the Lowell Volunteer Fire Department took a different approach recently in spreading the word.
|
Extending South Shore Line in Indiana Has a Hefty Price Tag
Indiana State Rep. Chet Dobis revealed a revised plan for the extension of the South Shore Railroad to a panel of state lawmakers.
|
Pups strut their stuff
Smiling and giggling, 3-year-old Cassie Dziadon and her 2-year-old sister, Ally, lay in the grass pretending to be puppies getting their tummies rubbed.
|
Two from Indiana die in lake-area collision
An Indiana man and his wife are dead and four people are injured after a two-car crash on Highway 54 in Miller County.
|
More area young people choosing to volunteer -- with a boost from some schools, communities
MY MELANIE CSEPIGA Times Correspondent Remembering as if it were yesterday, Roberta Thomas's eyes fill with tears and her voice quakes as she tells of how the goodness of others shaped her life when she was a ...
|
Headless Horseman rides again: Buckley Homestead becomes Sleepy Hollow
It might look like the Indiana countryside, but for two weekends each fall, Buckley Homestead County Park in Lowell becomes Tarry Town, N.Y. -- especially when the Headless Horseman suddenly rides again.
|
Five charged in Lowell cocaine bust
A 911 hang-up Wednesday night led to a search of a Lowell home and charges against five men for possession of cocaine.
|
Builder gets probation in grave marker theft
Bruce Young told a Lake Superior judge on Thursday that he stole the marble temporary grave marker off former Lowell High School football player Dean Frigo's plot because he was told it would be thrown away.
|
Dyer man gets four years in credit card crime
A Dyer man was sentenced Thursday to four years in prison for using a stolen credit card at a Lowell smoke shop and violating his probation, the Lake County prosecutor's office reported.
|
Dining Guide
Maxine's 521 Franklin St., Michigan City 872-4500 Situated in the now-defunct Basil's restaurant site downtown, colorful Maxine's has the feel of a European restaurant.
|
South Shore extension could go one leg at a time
Building only one branch of the South Shore extension, either to Valparaiso or Lowell, may be the best way to win initial federal backing for the project, Northern Indiana Commuter Transportation District ...
|
If this is selfish, give me more
Amid the smoke and debris from the explosion of a flooded Munster home Wednesday night, as I finished talking with a group of exhausted, sooty firefighters, a man in the crowd of onlookers reached out and ...
|
Professionals on the move
Paul Miles of Kouts, was recently named Employee of the Year at Priority Transportation LLC in Chesterton.
|
Farmers weigh impact of flooding
Northwestern Indiana farmers are weighing their crop losses after recent floods that for some farmers was the second wave of flooding they've endured this year.
|
Road closures numerous through Northwest Indiana
Road closures throughout the region were the norm on Sunday, Day 3 of a storm system that poured 6-9 inches of rain over most of Northwest Indiana.
|
Emergency repairs set for Third Street Bridge
Now the city of Hobart has its own bridge to nowhere. The Lake County Board of Commissioners voted Wednesday to give the county highway department permission to make emergency repairs to the Third Street ...
|
Lake officials declare state of emergency
The misery of the weekend's heavy rain continued Monday in Lake County with more road closings and an emergency declaration.
|
Storms claim 6 lives in Indiana
Six deaths were blamed on heavy rains and strong winds that swept across Indiana over the weekend, the state Department of Homeland Security said today.
|
All dachshunds, all the time
Dog owners-to-be have many options besides the traditional pet stores when looking for a four-legged family member.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...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.
|
|