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Arnold, 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.

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Arnold, Michigan News
Video Glyph

A missing Gwinn woman has been found safe and alive. Forty-eight-year-old Billie Kaye Ladwig was found at 1:30 Thursday afternoon just off of County Road 426 in the Northland area.


GV diplomas may add inches, but not majors

"The rationale with that is normally the transcript tells it all"

GV diplomas may add inches, but not majors Graduation diplomas lack individual majors; administration says it's university policy to omit concentrations on degrees GVL / Katie Mitchell Blank diplomas: Students ... via Grand Valley Lanthorn


Holistic health fair offers alternative treatments

"And as soon as you just take a nice, deep breath, it changes that and it changes what's going on in your body. So, any time you can remember to breathe, it will make a big difference."

Seeking conventional help for ailments has its place. But the Upper Peninsula is home to many holistic practitioners who use various natural remedies and alternative methods to heal and maintain health. via WLUC-TV Negaunee


Stitching together tiny miracles

"One woman from Virginia sent us seven boxes full of material"

Carolyn Hemmen loves bright colors: rainbow-like patterns that pop out in an array of three-dimensional shapes and kaleidoscopic swirls of pinks and blues and purples and yellows. via C & G Newspapers


Drag queens hold court at MTU

"We were almost blown off the road"

Four drag queens evoked the spirit of Cher, Janet Jackson and other icons during the 8th Annual Drag Show at Michigan Technological University Friday night. via The Daily Mining Gazette


Hectic intersection to change

"Statistically, roundabouts reduce crashes by about 40% and more importantly they reduce the very severe accidents nationally by 70 to 80%"

Turning onto US 41 West from South Marquette is sometimes slow and frustrating. But not for long, the old bypass will be turned into a two lane roundabout. via WLUC-TV Negaunee


Police Chief to retire in Marquette

"Well, I anticipate some changes, but not anything that is tremendous or overwhelming or big. In my opinion, the department isn't broken and nothing really needs to be fixed"

Marquette City's Chief of Police, Phil Siegert is retiring April 25th, after more than 30 years with the department. via WLUC-TV Negaunee


Restaurateur working to free uncle in Montenegro

"We hope this will go through a fair trial process as speedily as possible."

There's still snow in Michigan If you lived in northern Michigan, this is what you'd have to deal with today. via The Flint Journal


New coal-fired power plants opposed in Michigan

Environmentalists are protesting plans to build a new generation of coal-fired power plants across Michigan. via WLNS-TV Lansing


Another storm headed to U.P.

"Once this system departs our area, temperatures are expected return to a more seasonal normal, with daytime highs in the high 40s to low 50s expected by Tuesday"

A Winter Storm Warning has been issued by the National Weather Service for much of the Upper Peninsula starting early Friday morning through Saturday afternoon. via The Daily News


Michigan Tech students win national investment competition

"That's just so you don't get a portfolio watered down with a lot of smaller holdings"

If you want a return on your investment, give your money to a Michigan Technological University student. via The Daily Mining Gazette


AAA: Gas prices up 5 cents across Michigan

"Holy Name of Jesus parishioners return to visit old church."

Gas prices in Michigan are up 5 cents over the past week. AAA Michigan says Monday the statewide average is $3.38 per gallon. via Detroit News


Regional focus: Upper Peninsula Environmental Coalition key among longstanding groups

"The idea was to have a U.P.-wide group but it was hard to maintain. We've had a lot of good activists come through UPEC and go onto other organizations."

L'ANSE - Many environmental organizations in Michigan may have come and gone in the past 30 years or so, but one group which has been able to survive the comings and goings of members is the Upper Peninsula ... via The Daily Mining Gazette


Dickinson jobs' rate better than state's

"Seasonal private sector job cuts in the Upper Peninsula in February are usually concentrated in the construction and retail industries. Modest job gains in February are often recorded in educational services and professional and technical services"

Dickinson County recorded an unemployment rate of 6.6 percent The Upper Peninsula rate for February rose to 9.2 percent, up from 8.8 percent in January. via The Daily News


April Fool's snow blankets Michigan's Upper Peninsula

Upper Peninsula residents looking for an end to seemingly endless winter weather had an April Fool's joke played on them. via WOOD-TV Grand Rapids


AAA: Gasoline prices up 8 cents across Michigan

Gas prices in Michigan are up 8 cents over the past week. AAA Michigan said Monday the statewide average is $3.33 per gallon. via WOOD-TV Grand Rapids


Body of missing man, 27, found in lake

"We assume he was heading home"

The months-long and communitywide search for a Ludington man came to a devastating end Thursday. via Muskegon Chronicle


Metallic Sulfide Mining

Links of Interest Want a link added above? Email us Sufide Mining News Stories Kennecott looks at spring for construction - March 24, 2008 But there are still some hurdles before they can use state land on the ... via WLUC-TV Negaunee


Brighton attorney promoted at firm

Jenna Paunovich Wright has been promoted to principal at the Kitch law firm in Detroit. via LivingstonDaily


Gas prices down?

Gas prices in Michigan are down 8 cents over the past week. AAA Michigan said Monday the statewide average is $3.26 per gallon. via NewsCenter 25


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