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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Deckerville, 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
| Deckerville, Michigan News |
Basketball roundup: Kritzman powers Eagles past Tigers
DECKERVILLE -- Chelsea Kritzman scored 11 points Tuesday to lead Deckerville to a 48-23 season-opening, nonleague win against Carsonville-Port Sanilac.
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You Make the Call: The basketball version
We're waiting for you to make the call. Basketball season has arrived and we need your input to determine which Friday-night game we should feature this week.
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BRIEFCASE
The Visiting Nurse Association's Home Health Division has been ranked in the top 25% in the nation.
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Thumb football clinic held Dec. 6
The annual Thumb Area Football Clinic is scheduled for Dec. 6 at Golden Hawk Golf Course.
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Crash leaves one injured
A 34-year-old Sandusky man was transported to Deckerville Hospital Sunday night after rolling his vehicle, according to a statement from the Sanilac County Sheriff's Office.
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Beal City leads 32-7 entering fourth
The Beal City Aggies topped Deckerville 45-13 in a Division 8 regional final game on Saturday.
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Blaze destroys hay barn
Firemen from four departments prevented flames from spreading from a burning barn filled with hay to nearby structures.
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Kemp's record-setting performance vaults Eagles into regionals
Deckerville football Coach Bill Brown had an idea at half-time Saturday night that Marcus Kemp was enjoying a big game.
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Early numbers: Merriman re-elected to Board of Commissioners
The chairman of the Sanilac County Board of Commissioners was poised to retain his seat, according to early results from Tuesday's election.
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Deckerville board, teachers ratify contract
The 38-member Deckerville Education Association and the Board of Education have approved a three-year contract.
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Friday's football finals
Peck 12 Marlette 38 L'Anse Creuse 21 Port Huron Northern 28 Millington 21 Croswell-Lexington 14 Brown City 6 Memphis 16 Deckerville 51 C-PS 14 Birch Run 42 Algonac 3 Mount Clemens 22 Marysville 47 Imlay City 28 ...
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Four injured in separate crashes
A 19-year-old Port Sanilac woman was injured when she lost control of her two-passenger vehicle on Forester Road east of Day Road Oct.
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Death Notices
STANDISH -- Lance C. Chandler, 64, formerly of Yale, died Monday, October 6, 2008.
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K-12 count slide continues
After 10 years of falling enrollments, most Sanilac school administrators weren't surprised that student counts were down again, but some weren't prepared for how dramatic the losses were this year.
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Tummy-pleasing fundraiser for United Way
Eighteen Sanilac County restaurants will join the "Eat All Day" for the United Way fundraising effort.
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New Deckerville Field House
Football players walk into the new field house to lift weights and start their football practice Monday, Oct.
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When you're close to retirement, you're not too interested in political games.
Mike Siegert had planned to retire in six years after he'd turned 60. Now he's not sure when it'll happen -- if ever.
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Eagles not taking surging Red Raiders lightly
Greater Thumb Conference East Division football title. But before the Oct. 14 showdown, the Eagles are focused on another rival - Marlette.
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Game of the Week: Cros-Lex at Almont
Cros-Lex and Almont made the call this week. They topped the voting in this week's You Make The Call survey on the Sports page at thetimesherald.com. So we'll be featuring their Friday night football game in ...
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You can't win if you don't vote
It suddenly looks like the Pioneers want to be the game of the week. Cros-Lex has opened a gap over second-place Deckerville with 110 votes, versus 60 for the Eagles.
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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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