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Milroy, 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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Milroy, Indiana News
Rushville Wal~Mart celebrates 20 years

Wal~Mart celebrated 20 years in Rush County Monday with a ribbon cutting ceremony.

Steve McCorkle still giving back to his community

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As area farmers near completion of the fall harvest one aspect of the season has not seen a decrease in recent weeks, vehicle versus deer accidents.

engagement: Farthing-Martz

Charlie and Teresa Farthing of Rushville would like to announce the engagement and approaching marriage of their daughter, Kristen Farthing, and Brady "Tate" Martz, son of Larry and Tutti Martz of Rushville.

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Thanks for the warm welcome

The Chain of Roses Circle of Kings Daughters and Sons wants to thank Rushville for being so courteous to our guests for our 102nd convention that recently was held at St.

Rants, raves and random thoughts 102908

Greetings, one and all, and welcome! There are submitted comments to be considered and we'll go there shortly.

Waldron resident to celebrate 100th birthday

Irene Mull of Waldron will celebrate her 100th birthday Nov. 2. She has been a life-long resident of Rush and Shelby counties.

A visit to my grandparents was special

Recently, while basking in the new look in Milroy, I noticed one of those porta potties had been overturned.

Triplets make election history

Triplets at Milroy Elementary School may have made political history when they were elected together to lead their Student Council.

Batesville Herald Tribune, Batesville, Indiana

Honda Manufacturing of Indiana, LLC associates applaud the manufacturing start of the Honda Civic on Thursday at the new Greensburg plant.

Honda begins production of Civics in Greensburg

Honda Manufacturing today began mass production of its fuel-efficient line of 4-door Civics in Greensburg.

Rotary hears from new RCHS principal

The Rushville Rotary Club met Tuesday at Flatrock Grill. President Norm Voiles called the gathering to order.

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Are the small towns of America doomed? Is the good old American Can Do attitude dead or dying? Are rural communities a thing of the past? I think not.

Fire damages rural garage north of Milroy

Rush County deputy Dahl Petry and ISP trooper Mike Ooley are pictured battling a garage fire the old fashioned way - one bucket of water at a time prior to fire personnel's arrival to a Thursday morning rural ...

Commissioners approve Health Department ordinance

Rush County Health Department Director Dr. Davis Ellis and Annette Ratliff of the department appeared before the county commissioners Monday seeking approval for a food inspection ordinance.

Enjoyment of exchange students

Have you ever hosted an exchange student? If not you missed out on a lot of fun and enjoyment.

Driver leaves road east of Milroy

Republican photo by Frank Denzler As Rush County Sheriff's Department deputy Richard Gosser radios vehicle and driver information to the dispatch center the driver stands near her vehicle following a harrowing ...

Be proud of where we come from

For the past year I have been visiting Rush County to research my family ancestors.

Rotary gets gridiron insight

The Rushville Rotary Club met Tuesday at Flatrock Grill. President Norm Voiles called the gathering to order and presided over the meeting.

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