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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Taswell, 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
| Taswell, Indiana News |
Taswell Man Dies In Single-Car Wreck
A Taswell man is dead after an accident in Crawford County's Overhead Bridge Rd.
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No placeholder vies in 73rd District
With his son hoping to become lieutenant governor, Dennie Oxley Sr. said he will serve his full term if elected to the Indiana House of Representatives, regardless of the outcome of his son's election.
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Urge representatives to remain true to American principles To varying degrees throughout its history, this nation has viewed itself as practicing the most honorable of governmental forms.
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Dad of lt. gov. candidate runs for his House seat
Democratic state Rep. Dennie Oxley - now the party's candidate for lieutenant governor - is being replaced as the nominee in his House district by his father and namesake.
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Man drowns near Cannelton Locks and Dam
Relay For Life images added June 11 The photo slide shows that debuted here with high-school graduation images have been coralled into their own section of our Web site.
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Up, up and not so far away
Relay For Life images added June 11 The photo slide shows that debuted here with high-school graduation images have been coralled into their own section of our Web site.
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Read the whole story
Storm swamps boat; two others rescued CANNELTON - A Taswell man drowned Sunday afternoon after the boat he and two friends were in was swamped during a thunderstorm, sending them into the Ohio River near the ...
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Man drowns near Cannelton Locks and Dam
Storm swamps boat; two others rescued CANNELTON - A Taswell man drowned Sunday afternoon after the boat he and two friends were in was swamped during a thunderstorm, sending them into the Ohio River near the ...
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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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