Dollar Bay, 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
| Dollar Bay, Michigan News |
Dollar Bay left in dark after losing streetlights
At least one resident of Dollar Bay says she was left in the dark about a plan to remove more than three dozen of the unincorporated community's streetlights.
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Streetlight removal upsets residents
Thursday, November 06, 2008 at 3:48 p.m. DOLLAR BAY -- AA plan to shave Osceola Township's electric bill by twenty percent, has some residents upset that they weren't given warning.A Lighting is dimmer in ...
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Walkways come down
The skywalks in downtown Houghton are coming down over the next few weeks. Crews started removing the walkway over Isle Royale Street today, taking the glass out of the tunnel.
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Dad trims tour to raise daughter
DOLLAR BAY - Sure, papa was a rolling stone, but in this particular case, playing rock and roll meant dad was around home more while his daughter was growing up.
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New orientation adjusting students better?
The days of getting a class schedule, student I.D. and books, and then heading off to your first college class, are long gone.
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A Singing Dog?
The 4th of July sparks patriotic gestures from many Americans. But for one dog in dollar bay, every day deserves a patriotic song.
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Tonight on TV6 - Thursday
Here's a look at what we're working on for tonight's news. Thursday, July 03, 2008 at 2:50 p.m. The small town of Greenland is gearing up for its 150th anniversary on July 4. Today, Representative Bart Stupak ...
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Gifts from school to soldiers
They don't know each other, but students in Dollar Bay want to help soldiers stationed in Baghdad, through a donation drive from now until school lets out in June.
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UP students collecting for soldiers
"Soldiers get a kick out of anything you send down there" They don't know each other, but students at Dollar Bay High School are reaching out to American soldiers stationed a half world away. via WLUC-TV Negaunee
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Pulling out all the stops
"There's no choke. All you do is pull it" ' If you've ever wanted to try out a piece of outdoor power equipment, now's your chance. via The Daily Mining Gazette
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What's new with local schools
"But there's an awful lot of positive things going on as well that we should be very proud of." What's new with local schools By JANE NORDBERG, DMG Writer HANCOCK - ' Ask any educator what his or her district's biggest challenge is and you're likely to get the same response. via The Daily Mining Gazette
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The Q is for Quality
"He had the letter reproduced and framed and gave one to each board member." ' The term "super" isn't just his title, it's also a description. Jan Quarless, superintendent of the Dollar Bay-Tamarack City Schools, was honored by the district's board of education Monday at their regular ... via The Daily Mining Gazette
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Tuesday is Election Day
Elections will be held Tuesday for local school districts, with polls open from 7 a.m. to 8 p.m. Some municipal issues will also be on the ballot. via The Daily Mining Gazette
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M-26 repaving to begin
"For the resurfacing project, it's about $2.2 million and then we also obtained a transportation enhancement grant of $400,000 and that's for the paved shoulders" ' Work is scheduled to begin Thursday on an M-26 paving project that will impact the stretch of road from Dollar Bay through Lake Linden. via The Daily Mining Gazette
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MDOT to present plans for work on M-26 from Dollar Bay to Lake Linden
WHAT: Staff from the Michigan Department of Transportation Ishpeming Transportation Service Center will share plans for resurfacing M-26 from Dollar Bay to Lake Linden in Houghton County during the 2008 ... via State of Michigan
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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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