Remington, 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
| Remington, Indiana News |
Jasper County Jail Log:
Christopher T. Bailey, 30, Remington, public intoxication. Julian M. Jones, 47, DeMotte, driving while intoxicated.
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Little change with new distribution report
Officials from the Indiana Department of Local Government Finance has revised the Public Safety Local Income Tax distribution report for Jasper County and the corrected version was sent to officials recently.
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Runaway juveniles caught in Jasper County
Two Wisconsin juveniles who were reported as runaways were caught in Remington after a vehicle pursuit through Rensselaer, Monday.
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Ladies tea and fall fashion show
Jasper County Community Services invites you to a very special afternoon on September 18 beginning at 11:30 a.m. at the Fase Center.
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A former Rensselaer man has died after a single-vehicle accident, Thursday morning.
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A limb fell across Melville Street at the corner of Cherry Street, after 10 p.m. during the heavy rainfall that hit the Jasper County area.
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In the daily work of a police officer, deputy Dean Stockman, must also fight paperwork and reports as well as crime.
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Soldier enjoys time with family, home cooking
Army Spc. Danny Justice is home on leave from Iraq. He arrived home July 25 to get a little rest and relaxation with his family in Hoopeston.
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State says LOIT distribution incorrect
The Jasper County Auditor's office recently received an e-mail indicating the Public Safety local income tax distribution report was in error and some entities may be receiving less money.
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Council hears tax concerns
Citizens concerned about the Local Option Income Tax top discussion at Tuesday night's county council meeting.
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Council hears tax concerns
Citizens concerned about the Local Option Income Tax top discussion at Tuesday night's county council meeting.
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Morgan Myers', 18, DeMotte, 4-H project was selected to go to state by the 4-H judges.
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Are you worried about flooding?
The flash flood watch during the weekend has been canceled, according to the Jasper County Sheriff's Department, but the threat of rain and flooding still hovers over the area.
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Carpenter Creek overflows
Rumors of homes at Lake Arthur Estates being evacuated over the weekend can be silenced as police report that Carpenter Creek did overflow but not enough to request an evacuation.
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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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