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Dowagiac, 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
| Dowagiac, Michigan News |
Second crash in Pokagon
Cass County Sheriff Joseph M. Underwood Jr. reports that sheriff's deputies were dispatched to a two-car, personal-injury traffic crash on M-51 near Pokagon Street in Pokagon Township on Monday, Nov.
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Cass County Sheriff Joseph M. Underwood Jr. reports deputies were dispatched to a two-car, personal injury traffic crash on M-51 at Commercial St.
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Michigan Copper Producer Closing
National Copper Products has closed its operations in Dowagiac, Mich. According to the Niles Daily Star, the company, the decision to close the plant came after the company was unable to sell the facility.
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National Copper employees jam Legion
National Copper Products' hourly union employees represented by United Auto Workers Local 1218 packed Doe-Wah-Jack American Legion Post 563 Wednesday noon to be brought up to date by President Alan Sheteron and ...
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Commissioners hold line on their own raises
National Copper Products' Dowagiac demise figured in last week's Cass County Board of Commissioners discussion of 2009 pay raises.
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A Dowagiac man who operated a methamphetamine laboratory with his girlfriend in a closet landed him a three-year prison term in Cass County Circuit Court Friday morning.
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Voters pass police millage
It was close, but voters in Niles Township on Tuesday agreed to pay extra taxes to continue road patrols by the Berrien County Sheriff's Department.
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Dowagiac received official notification from National Copper Products Thursday it is in the process of closing by Nov.
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170 out of a job in Dowagiac
Another company closing leaves 170 Michiana workers out of a job. National Copper Products in Dowagiac, Michigan informed workers today in a meeting that they'll be closing their doors next week.
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Another Michiana Company Closes Its Doors National Copper in Dowagiac Michigan
National Copper in Dowagiac, Michigan closed its doors this week. 100 employees will be without jobs with no previous notice at this copper plant in Dowagic, Michigan.
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Dowagiac Plant Closing
An unexpected announcement was made this week for nearly 200 workers at a Dowagiac factory.
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Only one change to Cass Commissioners
Dowagiac's Cass County Board of Commissioners seat was the only one which changed party hands Tuesday.
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It's the second time a 69-year-old Marcellus man will go behind prison bars. Friday in Cass County Circuit Court, Jerome Wilkins of 54303 Cranberry Road, Marcellus, was sent to prison for second-degree criminal ...
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Miss Cassopolis pageant Sunday
Thirteen contestants are vying for the crown and title of Miss Cassopolis 2009 with the theme "Wicked." The pageant begins Sunday at 2 p.m. at the Dowagiac Middle School Performing Arts Center in Dowagiac.
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Suspect sought in robbery
ALLEGAN COUNTY, Mich. According to the Allegan County Sheriff's Office a suspect has been developed in the unarmed robbery of the M-89 Shell station on Sunday October 26th.
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Suspect identified in Ganges Township gas station robbery
Police have identified a man whom they believe robbed the M-89 Shell gas station on Blue Star Highway early Sunday, Oct.
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Drugs lead to prison for Benton Harbor man
A Benton Harbor man who dealt with drugs in Dowagiac ended up going to prison for five to 15 years Friday morning in Cass County Circuit Court.
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Land: ACORN no longer relevant
Michigan Secretary of State Terri Lynn Land questions whether there is even a need any longer for the "outdated" Association of Community Organizations for Reform Now.
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Next 24
LOVE YOUR BODY DAY: Participants will explore ads from popular magazines and discuss the dangers and benefits of viewing them as they reflect society's idea of ``thinner is better.'' The free event will be from ...
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Compact amendments give Pokagon Band satellites
Amendments to the Pokagon Band of Potawatomi Indians' gaming compact will give the state an immediate $15 million and give the tribe the right to open satellite casinos in Hartford and Dowagiac.
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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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