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Mishawaka, 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
| Mishawaka, Indiana News |
Falling in line
"Everyone is hurting with the economy, so people haven't come out like usual. There were only 10 people here until 2:30 or 3 this morning and there is normally way more," said Carrie Dunnem of Granger, who ...
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Mishawaka family reacts to devastating house fire
Two young boys escaped an explosion and house fire that ended up destroying the entire home.
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Mishawaka store holds 'Thomas the Tank Engine" play day
At Christmastime, it's no secret the first thing on many kids' minds is new toys.
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Multiple units respond to Mishawaka house fire
Several units are on the scene of an early afternoon house fire. Firefighters are in the 56000 block of Andrea Court to battle the blaze.
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Boys escape as fire destroys Mishawaka home
Two boys escaped a house fire this morning that started with an explosion and ended with a destroyed home.
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Firefighters battle Saturday morning fires in Mishawaka, ...8:56a.m.
Area firefighters fought two structure fires early Saturday. No injuries from either fire have been reported.
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5-year-old boy fatally shocked
Police say a 5-year-old Mishawaka boy was fatally shocked when he crawled into an electrical transformer between two apartment complexes.
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Boy electrocuted after crawling into transformer box
Mishawaka police are investigating the early evening death of a boy who was electrocuted after crawling into a transformer box between Mishawaka apartment complexes along North Main Street.
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Mishawaka dogs chow down on Thanksgiving
On Thanksgiving Day some dogs away from home get to feast too, if they are staying at Camp K-9 in Mishawaka.
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Mishawaka's past
What was Mr. Ed's connection to Mishawaka? The voice for the talking horse was Allan 'Rocky' Lane, who was born in Mishawaka in 1909.
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Mishawaka celebrates the opening of Riverwalk Bridge
On Tuesday afternoon, Mishawaka celebrated the connection of their oldest and newest city parks.
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AutoZone, Subway robbed in South Bend
SOUTH BEND a ' Two stores on opposite ends of town were reportedly robbed late Tuesday within about 20 minutes of each other.
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Our Opinion: Learning from the election
The significance of the Nov. 4 election varied from person to person. In the St.
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A breakdown of the recent robberies in South Bend/Mishawaka
South Bend and Mishawaka have seen a rash of robberies the last week. Some suspects have been caught, while some remain at large.
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Ind. Courts - Mishawaka attorney accused of misconduct
Jeff Parrott reports today in the South Bend Tribune in a long story that begins: State legal officials have accused a local attorney of continuing to practice law while he was suspended for misconduct, along ...
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Police Taser man during Mishawaka meth investigation
MISHAWAKA a ' Police used a Taser to subdue a man Thursday after a suspected mobile meth lab was discovered at a Mishawaka home.
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Bridging Mishawaka parks: New St. Joseph River foot bridge opens Tuesday
The St. Joseph River will get a new necklace of lights Tuesday night. But they aren't holiday lights ... they'll stay long after the holidays.
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Geography of Mishawaka
"Geography of Mishawaka." 30 March 2008. HowStuffWorks.com. 21 November 2008. Mishawaka Indiana, a city in St.
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Mishawaka CVS Pharmacy robbed by armed man seeking OxyContin
There was an armed robbery late Thursday afternoon at a CVS Pharmacy in Mishawaka, and police hope you can help catch the suspect.
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Gunman steals oxycontin from Mishawaka pharmacy
MISHAWAKA a ' Police are searching for an armed man who robbed the CVS pharmacy on Ironwood Drive Thursday afternoon.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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