Mongo, 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
| Mongo, Indiana News |
LaGrange town opens a hearts,' raises $12,000
With nervous excitement, Mary Bowman wrote a check for nearly $1,000 Tuesday that will make the holiday season brighter for her family.
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Family continues search for killer
Saturday in Mongo family and friends remembered Terry and Darleen Anderson, but they haven't forgotten about their vigilant search to find the killer.
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Bronson passes budget
In the final budget hearing held Tuesday night, the town of Bronson's council unanimously adopted the 2008-2009 budget of $1,319,917. Given the decrease in county-certified taxable property, the approved budget ...
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Seniors to learn work skills, aid animals
In its regular session Tuesday, the LaGrange County Board of Commissioners addressed the Senior Community Service Involvement Program.
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Police arrest six
The following people were lodged in the Steuben County Jail following arrests made Monday and this morning by area law enforcement officers: Renee Nicole Burlew, 22, Mongo, arrested in Brighton on a warrant for ...
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Big Turkey Lake to be - restored'
Big Turkey Lake to be - restored' Big Turkey Lake, a 450-acre body of water divided by the LaGrange-Steuben county line, will have portions of its bottom restored to "historical depths" during the next couple ...
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Courts to upgrade recording system
LaGrange County Council members approved the purchase of a new digital audio recording system for the county circuit and superior courts during Monday's meeting.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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