Mooresville, 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
| Mooresville, Indiana News |
Social briefs -- Nov. 29, 2008
The Morgan County Scholarship Fair will be held Wednesday, from 5:30 to 7:30 p.m., at the Mooresville High School cafeteria.
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Stationa s goal is a a Truckload of Christmasa
The lobby of radio station WCBK-FM is starting to look a lot like one of Santa Claus' warehouses.
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Men found their deals, too ...
Early morning sales at Lowe's Home Improvement Warehouse in Mooresville and Menards in Camby, showed that men can be as ruthless as women when it comes to finding good deals on Christmas presents.
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The chamber is more than just networking
Although a primary reason the chamber of commerce exists is to promote business relationships in the community, the chamber also plays many other key roles in the community, as is spelled out in its mission ...
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Area briefs a " Nov. 26, 2008
Concerned Citizens of Gregg Township is sponsoring a free open house and Senior Citzens Dinner from noon to 4 p.m. Dec 13, at 4972 West Sims Lane, in Monrovia.
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Erin Cole receives a Realizing the Dreama award
Erin Cole of Mooresville is the recipient of the Manchester College "Realizing the Dream" award.
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Mooresville Police Oct. 13 to 19, 2008
Mooresville Police made 23 traffic stops. Medical problems reported on East High Street, Brooklyn Meadows, and Pineview Drive.
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Morgan County EMS Association elects officers
Members of Morgan County EMS Association met in regular session Nov. 18. The meeting was called to order by Steve Brock, president of the organization.
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Building projects decision rests with community
It was an emotional meeting Thursday for people on both sides of the Mooresville school building and renovation project.
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Speed networking brings big returns
Members and guests of the Mooresville Chamber of Commerce were advised to bring their business cards and company pamphlets this month - in preparation for a new, but effective concept.
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Spiritual side to Mooresville's Black Widow
MOORESVILLE, Ind. -- Jeanette Lee, arguably the world's most recognizable pool player, often refers to herself by her nickname, the Black Widow.
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Man charged in one shooting incident
A Mooresville man has been booked into the Morgan County Jail on a charge of criminal recklessness with a weapon after a man was shot Wednesday night on Foxhill Drive.
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Learning Land preschool enjoys activities
The Learning Land Preschool students visited the "Let's Pretend" hospital at St.
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Mong celebrates 100th birthday
The family of Roy Mong is hosting an open house Saturday at the Mooresville Free Methodist Church, located on Star Lane, from noon to 4 p.m. Anyone is invited to come and join Roy in celebrating his 100th ...
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Wabash Valley Region Ivy Tech releases Deana s List
The Wabash Valley Region Ivy Tech Community College has released its Dean's List for the 2008 summer semester.
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Mooresville Senior Center trip to Argosy is Nov. 20
We had a great time at the United Methodist Church chili and craft day. All the booths were set up so nicely on Saturday, and the chili was good, too.
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Wife of judge charged with driving while intoxicated
The wife of Morgan County Superior Court II Judge Christopher Burnham has been charged with operating a vehicle while intoxicated and operating a vehicle with a blood alcohol content of .08 percent.
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Emergency Planning Committee to meet Wednesday
The Morgan County Local Emergency Planning Committee will meet at 7 p.m. Wednesday, Nov.
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Hanging up, handing over
For 30 years, Margie and Bob Detty have offered personal service and professionalism to their fur and leather customers.
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Bus replacement bids accepted for MCSC
In honor of Veterans Day, school board president Phil Wright of the Mooresville Consolidated School Corporation began the monthly meeting Tuesday by thanking all veterans in the audience.
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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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