Atlantic Mine, 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
| Atlantic Mine, Michigan News |
Attorney: Man too drunk to kill
When police arrived at Jane Martin's Washington Township home, her ex-boyfriend was passed out at her kitchen table drunk, a loaded revolver at his side.
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Northern Michigan spiders (and other inverts): the Backyard Arthropod Project from Atlantic Mine, MI
Every once in a long while, you run across something so wonderful you have to share.
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Parade honors military members and .....
"I heard it's one of the biggest Armed Forces Day parades" ' Thank you. The two words don't take long to say, but the Keweenaw Care Corps feels members of the U.S. military, past and present, don't hear them often enough. via The Daily Mining Gazette
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Memorial dedication set for area soldiers killed in Iraq, Afghanistan
May 10 event includes a 'Ride to Remember' police-escorted motorcade A bronze-and-granite memorial will be formally dedicated in ceremonies Saturday in the veterans section of the Brighton Hills Cemetery on ... via Ann Arbor News
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George A. "Turkey" Kaiponen
' George A. "Turkey" Kaiponen, 88, of Atlantic Mine, died on Monday, April 28, 2008, at his home. via The Daily Mining Gazette
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Graduates on graduation
"It flew by. ... Whether I come back to Michigan is not dependent on where I want to be or what I want to do, it's where this all takes me." Thousands of students spill out of Michigan's universities each spring in search of new jobs, new homes and new identities. via Detroit Free Press
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South Range standoff suspect arraigned
"Proceeded to hit him with a hammer. He's in stable condition. He (Spagnotti) picked up a 30-0-6, and shot it several times." The South Range man who barricaded himself in his home Wednesday night, after allegedly assaulting his 75 year old Grandfather, was formally charged in Houghton County District Court Thursday afternoon. via WLUC-TV Negaunee
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Engagement: Kinnunen-Sturos
Kristen Laura Kinnunen of Atlantic Mine and Ted Peter Sturos of South Lyon announce their engagement. via LivingstonDaily
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Atlantic Mine crash probed
Police were investigating a two-vehicle personal injury accident near Atlantic Mine at about 9 a.m. this morning. via The Daily Mining Gazette
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Powerline is nearly rebuilt
"It's one of the longest spans we have in our entire footprint" DMG Writer HOUGHTON - American Transmission Company expects to wrap up work on a major power line installation later this month or early in April. via The Daily Mining Gazette
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Mishap injures two
A two-vehicle accident Thursday resulted in injuries for two Atlantic Mine teens, according to the Houghton County Sheriff's Department. via The Daily Mining Gazette
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Recognizing sacrifice
"Here they are giving their time to help other soldiers, they were tremendously helpful during the parade, and low and behold their own son gets injured" People gathered in the banquet hall on the third floor of The Bluffs to show their appreciation for a wounded veteran. via The Daily Mining Gazette
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Atlantic Mine teen receives award for service
"When my sister got diagnosed with diabetes, I decided I wanted to do something to help people" Cally Puuri loves animals and at one time she considered being a veterinarian, but that changed because of a family situation. via The Daily Mining Gazette
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Plenty of snow so far this winter
"The majority of the precipitation associated with a Dec. 23 storm system fell in the form of rain" Despite recent snowfalls and a wet December, the U.S. Drought Monitor today reports abnormally dry conditions in the Upper Peninsula. via The Daily News
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Jumpstart tax season: Get ahead of the game
"You're not supposed to know everything, that's why you're going to a tax professional." Waiting last minute to file your income tax return can lead to all sorts of unnecessary stress, which is why local tax professionals recommend individuals get ahead of the game by preparing in advance. via The Daily Mining Gazette
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Fire destroys home in Atlantic Mine
"There was a lot of heat coming out of there when we first arrived by the back door" Fire destroyed a home in Atlantic Mine Thursday morning. No one was injured in the blaze. via WLUC-TV Negaunee
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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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"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
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