Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Adrian, 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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Adrian, Michigan News
Adrian: Home Opener Features Community Night

ADRIAN, Mich. - The Adrian College men's soccer team is proud to announce the first annualCommunity Night.

Local news in brief: Dad gets up to 10 years

An Adrian man convicted of offering cocaine to his children and sexually assaulting a 13-year-old girl shortly after being released from an Ohio prison last year has been sentenced.

Michigan Commission on Spanish-Speaking Affairs to meet on Friday,...

August 28, 2008 - The Michigan Commission on Spanish Speaking Affairs will meet in a public session on Friday, September 5, 2008.

Buck family five generations

Right to Left: Great-great-grandpa John Buck, great-grandma Sibyl Manifold; grandma Tricia Walden, Charissa Nuber holding baby Alexis Rachelle Nuber.

Brooklyn man killed in crash

Michigan State Police in Adrian reported a Brooklyn man was killed late Tuesday night in a two-vehicle crash in southeast Lenawee County.

Man Sentenced for Sexually Assaulting Teenager

A Lenawee County judge has sentenced an Adrian man who offered cocaine to his children and sexually assaulted a 13-year-old girl shortly after being released from an Ohio prison.

Adrian man convicted of drug, assault charges is sentenced

An Adrian man convicted of offering cocaine to his children and sexually assaulting a 13-year-old girl shortly after being released from an Ohio prison last year has been sentenced.

West Nile Returns

Our very first West Nile Virus case of this year shows up in an 81-year-old man in Lenawee County near Adrian.

Lakeland graduate killed in Afghanistan

A 29-year-old soldier who went to high school in Indiana has been killed while serving in Afghanistan.

Country concert to raise funds for cancer patients

The Pinckney area will become home to arguably the largest country music concert in Livingston County history this week, when more than 20 performers will take to the stage for a charity show.

Walker Tavern to Get New Paint, Looking for Volunteers to Help

Walker Tavern will soon have a bright new face, thanks to the help and support of the local community.

'LATINAS en LENAWEE' Exhibit to honor Latinas

ADRIAN: During Hispanic Heritage Month, Adrian College will present the exhibit Latinas en Lenawee in the Heritage Room of Shipman Library as part of the College's celebration-the exhibit runs from September ...

Manitou Beach motorcyclist killed

A Manitou Beach motorcyclist died after he was was thrown from his motorcycle Tuesday morning after he swerved to miss a car turning from U.S. 12 onto Pentecost Highway in Lenawee County.

Walberg vs. Schauer: Now it's official, now it gets fun

Now it's official. Voters in November will decide whether they trust Tim Walberg or Mark Schauer to improve the economy, grow jobs and help lower gas prices.

2 actors with Toledo ties are hoping for their shot at fame

Tales abound about young actors and actresses being discovered by big-time directors who drop in on regional productions or stop to buy a cup of coffee and spot a star just waiting to happen.

Local woman turns 18 on

A judge ruled Friday that Mayor Kwame Kilpatrick be released from jail, pay a $50,000 cash bond, wear an electronic tether and not be allowed to travel.

Man charged in bank heists

Federal authorities charged an Ohio man in connection to four bank robberies in Michigan, including one robbery that took place in Brighton in February.

Is your resume working for you?

What does it take to unlock a job in this tough economy? Most experts agree one key is a well-written resume.

Comcast bringing Big Ten Network and more to Adrian, MI

For fans of HD in Adrian, Michigan that haven't already signed up with DISH Network or DirecTV , help is on the way.


The Onsted High School Class of 1958 will celebrate its 50th class reunion with a social hour at 5 p.m. Saturday at the Carleton Lodge, 1629 W. Maumee St., Adrian.

Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
"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
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)