Acme, MI Divorce Buyout in Michigan
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Michigan, 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 MI
| Acme, Michigan News |
: Crash closes 31, injures several
A stretch of U.S. 31 south of Elk Rapids is expected to be closed for several hours as crews sort through a three-vehicle traffic crash that sent six people to the hospital.
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At least two dead in U.S. 31 crash
Mike Manzardo rolled along U.S. 31, his Chevrolet Silverado tucked between two other vehicles headed north toward Elk Rapids.
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Two dead, four in critical condition after crash
Monday, August 25, 2008 at 6:37 p.m. Two people are dead and four others are left in critical condition after a busy northern Michigan highway turns into the scene of a three car crash.
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US 31 Closed north of Acme
Six people taken to Munson Medical Center with serious injuries. Monday, August 25, 2008 at 11:58 a.m. The Grand Traverse County Sheriffs Department has closed US 31 between Angell Road and Bates Road due to an ...
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Board hopeful's residence questioned
James Schmidt says he's a homeless man, but his run for local office could earn him a bed in the county jail.
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Week In Review:
A downstate woman died in a Benzie County traffic crash. Nancy Geary, 54, of Canton, died in a two-vehicle crash on M-115 near Crystal Mountain Aug.
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Road crews to work on U.S. 31
State road work on a main thoroughfare through Traverse City and Acme is set to start today.
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School board candidate faces no opposition
An opening on the Traverse City school board drew just one candidate, making it a much different race than a year ago.
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Meijer files emergency appeal in home court
Meijer Inc. wants Grand Rapids-based appellate judges to quash an Acme Township official's lawsuit and protect the retailer's top officials from having to testify in the case.
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Northern Notes: Volunteers made dinner special
Due to unexpected space constraints some of the people were left off the list of volunteers or donors who deserve special recognition for helping make the Community Meals Program's Easter Day Dinner successful.
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Voters looking in a new direction
Chuck Korn had an inkling: Garfield Township voters were ready for change. Korn became more convinced during door-to-door campaigning that township leaders were out of touch with residents.
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Acme incumbents survive challenges
Acme voters stood behind a township board bruised, battered, but unbowed by years of development battles that featured illegal efforts to oust them from office.
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Letters At Issue: Primary Election:
Gil Uithol would be an excellent choice for Peninsula Township treasurer. He has 27 years of township experience in zoning and property evaluation.
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A look at the Acme Township candidates
A crowded Republican primary ballot awaits voters in Acme Township. Supervisor Wayne Kladder, 63, was elected township trustee in 2004 and appointed supervisor last year.
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A look at the Acme Township candidates
A crowded Republican primary ballot awaits voters in Acme Township. Supervisor Wayne Kladder, 63, was elected township trustee in 2004 and appointed supervisor last year.
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A look at the Acme Township candidates
A crowded Republican primary ballot awaits voters in Acme Township. Supervisor Wayne Kladder, 63, was elected township trustee in 2004 and appointed supervisor last year.
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A look at the Acme Township candidates
A crowded Republican primary ballot awaits voters in Acme Township. Supervisor Wayne Kladder, 63, was elected township trustee in 2004 and appointed supervisor last year.
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A look at the Acme Township candidates
A crowded Republican primary ballot awaits voters in Acme Township. Supervisor Wayne Kladder, 63, was elected township trustee in 2004 and appointed supervisor last year.
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A look at the Acme Township candidates
A crowded Republican primary ballot awaits voters in Acme Township. Supervisor Wayne Kladder, 63, was elected township trustee in 2004 and appointed supervisor last year.
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A look at the Acme Township candidates
A crowded Republican primary ballot awaits voters in Acme Township. Supervisor Wayne Kladder, 63, was elected township trustee in 2004 and appointed supervisor last year.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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