New Castle, 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
| New Castle, Indiana News |
US military deaths in Iraq war at 4,207 - AP
By The Associated Press= As of Monday, Dec. 1, 2008, at least 4,207 members of the U.S. military have died in the Iraq war since it began in March 2003, according to an Associated Press count.
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County might vote on local option income tax
NEW CASTLE, Ind. - Henry County Council might vote on whether to impose a local option income tax at its Dec.
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New Castle woman arrested for contributing to the delinquency of minors
A New Castle woman was arrested this week after police allegedly found several juveniles consuming alcoholic beverages at her home.
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Tiny Miracle: Baby thriving after fire claimed her family in April
NEW CASTLE -- At seven months of age, Elysah Tracy is the very picture of a healthy baby girl, chubby-cheeked with sky-blue eyes, a quick smile that frames two pearly little teeth, and a jumpy energy just ...
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Nameless church keeps things simple
While some Christian congregations have built multi-million-dollar "mega-churches" in recent years, others have opted for a different route.
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Woman accused of sexual assault
NEW CASTLE, Ind. -- A New Castle woman has been indicted by a Kentucky grand jury on charges that she sexually assaulted a 16-year-old boy.
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New Castle Democrat appointed to city council seat
NEW CASTLE - A local pharmacy technician is the newest member of New Castle City Council.
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"Any Indiana moms @Muncie,etc due @Feb 19th?"
I just keep hoping to find someone in Muncie, New Castle, Springport, Mt Summit, Anderson, Spiceland of Indiana.. someone close to me around my due date of Feb 19th.
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New Castle school chief leaving for Ivy Tech
John Newby has spent all but one year of his professional career at New Castle Community Schools.
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Holiday Cash Contest Rules
The WMDH Holiday Cash Contest will begin on Monday , November 17, 2008 and will end on December 12, 2008.
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First-Ever Eiteljorg Museum Holiday Market
Your mother unwraps the box and turns out the tissue paper, a polite smile playing across her face.
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Farmland, New Castle each awarded $500,000 grants
Farmland will improve its downtown business buildings while New Castle will upgrade its waste water treatment plant with $1 million in federal grant money.
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Authors gather for holiday event
A Holiday Author Fair will be 1-5 p.m. Saturday at the New Castle-Henry County Public Library, 376 S. 15th St.
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Pence Mourns Death of Indiana Soldier
U.S. Congressman Mike Pence issued the following statement today on the death of Army Spc.
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Man Pleads Guilty In Coyote-Trafficking Case
A man charged last year with shipping coyotes to other states so they could be hunted by dogs in fenced-in areas has pleaded guilty to two felony counts.
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New Castle soldier death investigated
The Army is investigating the death of a Fort Campbell soldier who was being treated at Walter Reed Army Medical Center for injuries suffered in Iraq.
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Two die in Hancock Co. crash
Two people died in an early morning crash on State Road 9 Thursday. It happened at around 6:35 am north of County Road 1000.
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Mary Roland White, 84
NEW CASTLE - Mary Roland White, age 84, of New Castle, passed away Thursday, November 6, 2008 at Henry County Hospital.
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Wildlife photography show Thursday
Marvin Groves developed a love for wildlife on his family's farm. His love for photography grew out of a career as a production manager for Lifetouch Portraits.
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New Castle prison to expand capacity by 400
NEW CASTLE, Ind. - A private company that operates Indiana's New Castle Correctional Facility plans to expand the prison's capacity for about 400 more inmates.
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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