Somerset Investors Corp. 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

Calumet, MI Divorce Buyout in Michigan

Since 1979 Somerset Investors Corp. 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

Calumet, Michigan News
Wedding: L'Esperance

Michelle Elizabeth Helminen and Edward John L'Esperance were united in marriage July 26 in Calumet.


Investigating Houghton car-bicycle accident

Police tonight are still looking into a car-bicycle accident in Calumet Township.


Deputy cleared in shooting death

Houghton County ProsecutorA Doug Edwards cleared Deputy Mark Bukovich on Wednesday,A in theA shootingA death ofA an Osceola Township man, that occurred three weeks ago.


Upper Michigan offers unique history and beauty

For this week's feature location of "Places to go before you die," I have selected Upper Michigan.


Video Glyph

Posted on Monday, September 29, 2008 at 6:48 p.m. The Transportation Funding Task Force met with U.P. residents to help form their recommendations for finding revenue.


Calumet crash investigated

Police are still investigating a two vehicle accident that sent three people to the hospital over the weekend.


Police looking for two vehicles in toddler hit & run

Police are still looking for the driver of a vehicle that killed two year old Dylan DeForge on U.S-41 Sunday night.


Bullying not tolerated at C-L-K Schools

Bullying isn't new to the playground, hallway or lunchroom. But what used to be considered harmless by some - name calling and teasing - is now called the early stages of bully.


Deputy involved in shooting incident

One person shot to death. Wednesday, September 17, 2008 at 5:51 p.m. OSCEOLA TOWNSHIP -- 5:55 update The Houghton County Sheriff's office now reports that one person has been shot to death in the incident.


Adopt-A-Beach nets 306 lbs. of trash

With miles of shoreline in in Upper Peninsula, it's sometimes easy to take the raw beauty for granted.


Tonight on TV6 Friday

Here's a look at what we're working on for tonight's news. Friday, September 12, 2008 at 12:40 p.m. This time last year, Michigan legislators were bracing for an governmental shutdown.


COLUMN - Delays continue to hamper coal deliveries to Holland

Delays have continued to plague coal deliveries in Holland for the past week. The expected load on the Manistee was canceled.


Family of pasta makers moves on

Now the production manager for the Baroni Company in Calumet, former owner Nancy Baroni insists she has no regrets about letting go of a business that's been in the family for over 70 years.


History shines bright in U.P.

Nowhere is the humble penny celebrated more than in the center of Michigan's Keweenaw Peninsula.


Ash borer hits western UP

The deadly emerald ash borer, which has already killed more than 25 million ash trees in Michigan, has been discovered in the Keweenaw Peninsula, more than 200 miles from infestations found last year just over ...


Emerald Ash Borer discovered in western U.P.

The Asian pest that is responsible for killing nearly 40 million Ash trees in Lower Michigan, was found this week in the Western Upper Peninsula.


Emerald Ash Borer Confirmed in Houghton County

Michigan's Cooperative Emerald Ash Borer Response Project partners today confirmed an EAB infestation in Houghton County in the Upper Peninsula .


Calumet man arrested

A Calumet man was arrested this weekend, after he allegedly broke into a mental health clinic on U.S. 41, set fire to the building, and then assaulted an officer.


Tonight on TV6 Monday

Here's a look at what we're working on for tonight's news. Monday, July 21, 2008 at 12:47 p.m. These are your stories for Monday, July 21, 2008.


Rice Memorial arson suspect charged

An 18-year-old Calumet man is in jail, charged with three felonies. Aaron Rajaniemi is accused of breaking into the Rice Memorial Clinic in Calumet Township Saturday morning.


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.
 
"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
© 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)