Nappanee, 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
| Nappanee, Indiana News |
Spinal cord injury group having banquet
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Step right up, pay your property taxes
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Elkhart jobs panel formed
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Economy hits Boys and Girls Club in Elkhart County
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Christmas musical an invitation to Christ
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Need a high school diploma?
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Nappanee clinic to offer free prostate cancer screenings Thursday
The Goshen Center for Cancer Care is hoping to help more men survive prostate cancer by offering free screenings.
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Food Network' launched to expand supply, meet demand in Elkhart County
By Ed Ernstes Employees of the Orthopedic and Sports Medicine Center in Elkhart load over 100 boxes of food onto a truck for three area food pantries.
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Check it out
More than 2 million men in the United States have been diagnosed at some time with prostate cancer during their lives.
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As the economy has soured, food pantries have emptied rapidly.
Hungry Goshen residents looking for food at the Salvation Army last week couldn't find much.
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United Way doing well in tough times
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Check it out
More than 2 million men in the United States have been diagnosed at some time with prostate cancer during their lives.
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Fire dept. has new life in Nappanee
Nappanee Street Department employees and local firefighters hosted a picnic luncheon and open house Wednesday to celebrate their spacious new building.
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Entertainment calendar: THEATER
AMISH ACRES ROUND BARN THEATRE: "It's a Wonderful Life" is onstage through Dec. 31 in the theater at Amish Acres, 1600 W. Market St., Nappanee.
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Big morning rush followed by calm in southwest precincts
The morning began with a small swell of activity, but the pace in Southwestern Elkhart County polling places was comfortably steady by around 9 a.m. "We had lines all over the place at first," said inspector ...
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Scouts receive a civics lesson
Nappanee Boy Scouts from Troop 733 received a civic lesson Monday night when they attended the Nappanee City Council meeting.
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Festival of Trees gives Council on Aging boost
Nappanee's second annual Festival of Trees will take place this year at Amish Acres from Nov.
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How to Survive in Our Struggling Economy We Are Not in a Depression so Our Government Says
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Resident dissatisfied with sidewalks
A resident on Angie's Way came to the Nappanee Board of Public Works and Safety seeking assistance Monday afternoon with a persistent problematic sidewalk.
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Local military police deployed
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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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