Argyle, 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
| Argyle, Michigan News |
Farm service agency designates Mic...
"We will continue to implement every available USDA program to assist farmers and nursery growers through this difficult condition." In a continuing effort to assist the agricultural industry in Michigan, the Farm Service Agency announces the designation of 69 counties in Michigan as disaster areas, making nursery and tree production of Ash ... via Gladwin County Record
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More road work on the way
"This is quite a bit of work in Sanilac County" A word of advice for Sanilac County residents - be prepared. The county and state are planning road projects totaling nearly $12.5 million this summer. via Times Herald
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Region bike map earns top GIS award for transportation publications
Michigan is a bicycling paradise with its scenic vistas and miles of picturesque orchards and waterfront. via State of Michigan
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Sanilac County approves ballot language concerning jail expansion
At their last meeting, Sanilac County Commissioners approved language concerning a proposed jail expansion for the Aug. via Times Herald
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Some DHS employees recognized
"These people go above and beyond to help coworkers, their clients and the public better access benefits in our system. They help define the DHS as an engine for good in Michigan." Four individuals and three teams earned Star Awards from Michigan Department of Human Services. via NewsCenter 25
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ALERT: Wind Advisory at Midnight
The National Weather Service has issued a Wind Advisory for much of Southeast Michigan beginning at Midnight tonight. via WXYZ
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Signs of spring slow to arrive
"Even if we do break into a warmer temperature pattern, there's no guarantee we won't get snow after that" What if March comes in like a lion, and leaves like a...lion? Spring is here, but Mother Nature seems to have other plans. via Times Herald
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Woman claims to know source of tombstone found in Yale
"It was in a little overgrown cemetery off the beaten path. I was there with a friend, Skip Balkwill, who now lives in Pennsylvania" A Port Sanilac woman says she knows the origins of the 1812 tombstone found in Yale on Tuesday. via Times Herald
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Exotic wasp found in Sanilac Co
The Michigan Departments of Agriculture and Natural Resources confirm that a Sirex Wasp was found in Sanilac County. via NewsCenter 25
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Sanilac to make finding reports easier
"It is more costly to the citizens, which we think is a little unfair" By mid-summer, area residents will be able to view Sanilac County traffic accident reports just days after they occur. via The Times Herald
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Bad Axe Human Development Center Burns
Hundreds of seniors around Huron County did not get their expected meal today after the Bad Axe Human Development Center went up in flames. via WNEM-TV Saginaw
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Networking reduces medical costs
"The government believes small, rural hospitals should form these networks" The Thumb Rural Health Network is young, but has ambitious goals. The network is a collaborative of hospitals and health departments in Sanilac, Huron and Tuscola counties. via Times Herald
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Anglers should have taken down ice shanties, Michigan DNR says
Anglers are reminded that ice shanties placed upon waters in the southern half of the Lower Peninsula should have been removed by March 1, the Michigan Department of Natural Resources says. via Holland Sentinel
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Scouts prep for change
"Are we going to get swallowed up by Metro Detroit? No, that's not what's happening. This is not a larger council taking over a smaller council." A national realignment by Girl Scouts of the USA will combine the local Michigan Waterways Council with four other girl scout groups, creating a much larger southeastern Michigan council. via The Times Herald
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Governor Granholm Targets $100,000 in No Worker Left Behind Funds for ...
"Our economic transformation is driven by educating our workforce and attracting employers who are looking to Michigan to grow their businesses." The funds will help support employment and training services and job search assistance for dislocated workers in the four-county area, specifically to retrain workers who have been directly impacted by several ... via State of Michigan
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Money awarded for worker training
Thumb Area Michigan Works has received $100,000 in federal money to provide training for workers in Sanilac, Huron, Tuscola and Lapeer counties. via Times Herald
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Silence could put prayer issue to rest
Port Huron Police Chief William Corbett Monday announced he will retire in June. via The Times Herald
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NOTEBOOK
Students in charter schools are invited to submit essays for a contest sponsored by the Michigan Council of Charter School Authorizers to celebrate National Charter Schools Week. via The Times Herald
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Get mayor to resign his 'mission'
I am a good Christian, and from where I stand, anyone who lies, cheats and covets his neighbor's wife is not a messenger from my God. via Detroit Free Press
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Feds Investigate Suspicious Activity At Plants
Suspicious activity at two Mid-Michigan meat packing plants has federal investigators on the case. via WNEM-TV Saginaw
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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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