Arcadia, 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
| Arcadia, Michigan News |
Franz gains votes in Manistee Co. recount
Ray Franz of Onekama gained 10 more votes during Wednesday's recount of the August primary election ballots for Manistee County, and increased his lead over challenger Mike McManus of Lake Leelanau.
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Election 2008 - 4 seek GOP nomination in House race
Four candidates for the 101st District in the state House are seeking the Republican nomination in Tuesday's Primary election.
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Arcadia Daze is fun for the whole family
Monday, July 28, 2008 at 6:11 a.m. The crazy "daze" of summer are anything but lazy in Manistee County.
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Van Leen wine bottle art
Wednesday, July 23, 2008 at 11:03 a.m. Manistee artist, Debra Van Leen, finds inspiration from her surroundings here in Northern Michigan.
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Van Leen wine bottle art
Wednesday, July 23, 2008 at 11:03 a.m. Manistee artist, Debra Van Leen, finds inspiration from her surroundings here in Northern Michigan.
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Weekly is northern Michigan's largest weekly newspaper, distributed in 13 counties throughout the northwestern lower peninsula of Michigan
The Grand Hotel Porch Rick Coates The outdoor dining experience is one of the most treasured summertime activities enjoyed by Northern Michiganders.
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Controversy over Arcadia Dunes land
"We purchased 6,000 acres of land in '03 the largest purchase ever by a private land conservancy on the Lake Michigan coast" The problem several hundred acres of that land has been sold to a christmas tree farmer who has cleared out the land. via WTOM-TV Traverse City
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Green Drinks discusses environmetal issues at Arcadia
Time: 5:30 p.m. to 7:00 p.m., or stay as long as you like Location: Arcadia Brewery 103 West Michigan Avenue Battle Creek, MI 49017 The Battle Creek Clean Water Partners invite those with an interest in ... via Battle Creek Enquirer
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Scripps outraises GOP candidates
"This will be a hard-fought election all the way through Nov. 4. But this is a great way to start." A local Democratic candidate for state representative in the 101st House District this election year raised more money for his campaign in 2007 than all the other candidates combined. via Leelanau Enterprise
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Michigan golf club to use ProLink GPS
Jeff Burns , Tribune Chandler-based ProLink Solutions announced a golf club in Arcadia, Mich. via East Valley Tribune
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Manistee County Harbors To Be Dredged
"The bill includes just under a million dollars for the dredging and maintenance of Manistee harbor, around 220,000 for the Onekama harbor and around 140,000 for the Arcadia harbor" The Army Corps of Engineers got that money which is earmarked specifically for the cities of Manistee, Arcadia and Onekama. via WTOM-TV Traverse City
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Peddling the coast
"You realize there's a warming trend coming, don't you?" While covering the Tour de Leelanau in September, I mentioned my plan to ride to Grosse Pointe from Glen Lake via Michigan's west coast. via Grosse Pointe News Online
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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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