Constantine, 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
| Constantine, Michigan News |
Month's offerings promise to be memorable
The true highlight among this round of local sales is a Tiffany Studios hanging dome that is expected to turn on some high wattage bidding at Constantine & Mayer Constantine & Mayer It's another "November to ...
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One year ago today, Constantine and communities across the area were shocked by the news that a little girl in Constantine was murdered.
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One year later: Police still searching for Jodi Parrack's killer
Saturday marks one year since 11-year-old Jodi Parrack was found dead in a Constantine cemetery.
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Searching for Jodi's murderer
Nearly one year ago a Constantine mother found her 11-year-old daughter dead in a cemetery near her home.
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Constantine child slaying still unsolved
The killer of an 11-year-old Constantine girl still has not been found, a year after the girl's body was discovered lying in the Constantine Township Cemetery.
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Events happening in southwestern Michigan
Designed for teens, the group allows participants to read advance copies of upcoming teen books, submit feedback directly to the publishers and nominate books for a nationally selected list of teen favorites.
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Robert S. McElvaine: Merry Xmas! - O Unholy Night when Christ was Reborn
Oh, I know that Christmas is still almost two months away. But today, October 27th, is Xmas.
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Two vie for seat in Michigan House
Two candidates have their eyes on the 59th District seat in the State House of Representatives.
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Area public libraries
Preschool Storytime will celebrate the color brown Tuesday at 12:30 p.m. and Wednesday at 10:30 a.m. The children will make a bear to take home.
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Area voters challenge two candidates
Area residents presented interesting and intelligent questions to two candidates facing each other in the Nov.
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48-star U.S. flag returned to American Legion post in Three Rivers
The mystery of how a 48-star U.S. flag wound up in an estate auction more than 200 miles away from its home may never be solved, but the story concluded with a happy ending Thursday at the American Legion Post ...
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Events happening in southwestern Michigan
Sponsored by the Pride of Scotts, all proceeds go to the CHRISTMAS MILITARY CARE PACKAGE PROJECT.
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At the peak of harvest season, State Sen. Cameron Brown toured three St. Joseph County agricultural businesses Monday.
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Feeding frenzy
Harvey House Bar & Restaurant in Constantine is celebrating its 100th anniversary on Saturday.
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Pan-demonium, and more, at festival
The village of Constantine is celebrating its sixth annual Harvest Festival Saturday with music, food and games for all ages.
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Couple dies in crash in Jones
Cass County Sheriff Joseph M. Underwood Jr. reports that at 4:43 p.m. Wednesday, Aug.
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Third man sentenced for meth
The last of three meth makers who dumped hazardous waste along a roadside ditch in Ontwa Township got time in prison Friday morning in Cass County Circuit Court.
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More of this story
Cass County Sheriff Joseph M. Underwood Jr. reports that at 4:43 p.m. Wednesday, Aug.
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Boys cross country capsules
Coach: Lee Booze, 2nd year 2007 Record: 4th in NOL, 5th in district Key losses: Josh Robinson, four varsity letters, Matt Howerton, two letters Key returners: Scott Ackerman, sr., three letters; Shane Tobin, ...
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S.T.A.R.S. Kids 5K run Saturday in Nunica
A 5K trail run will be held at 8:30 a.m. Saturday as a fundraiser for S.T.A.R.S. Kids, an organization devoted to advancing research in shunts.
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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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