Drummond Island, 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
| Drummond Island, Michigan News |
Paddle-to-the-Sea
Reading Beardslee releasing Paddle into the St. Mary's River to begin its journey to the sea.
|
2009 Honda Pilot vs. Ford Flex, Chevy Traverse, Hyundai Veracruz, Mazda CX-9, Toyota Highlander
We compare six family haulers and, amazingly, drown none of them. When we last visited Michigan's Drummond Island [" Mud Puppies ," February 2008 ], we compared nine Lilliput SUVs and quickly found ourselves in ...
|
Local bus systems get grants
"At a time when bus ridership in many communities is at all time highs, it's important to make the investment to sustain and improve public transit services," Stupak said.
|
New dial-a-ride buses for the Michigan Soo
NEWS RELEASE CONGRESSMAN BART STUPAK 1ST CONGRESSIONAL DISTRICT OF MICHIGAN ************************ Stupak secures $3.5 million in grants for local bus and ferry services WASHINGTON - U.S. Congressman Bart ...
|
Dorothy Lucille Beck
Dorothy Lucille Beck, age 90, of Ashley, died Saturday, Sept. 6, 2008 at Ashley Care Center.
|
Planning to swim today at Drummond Island? No?
Okay, here at SooToday.com World Headquarters, nobody's planning to skinnydip today at Drummond Island.
|
Thunderstorms, hail possible in Michigan Soo area
The following severe weather statement was issued at 11:03 p.m. tonight by the U.S.National Weather Service.
|
Drummond Islanders formed Voyageur corp
The town of Penetanguishene was initially settled 180 years ago by a number of French-Canadians and MA©tis. It was in 1828 that these men and women, most of who had previously been engaged in the fur ...
|
Drummond Islanders formed Voyageur corp
The town of Penetanguishene was initially settled 180 years ago by a number of French-Canadians and MA©tis. It was in 1828 that these men and women, most of who had previously been engaged in the fur ...
|
Helluva Horse event hits town
The Helluva Horse Event comes to Putnam Township this weekend, offering two days of horse activities, entertainment and more.
|
President fund sparks research
From shoulder muscle tears to pitcher plants, researchers who won this year's President's Research Investment Fund spring competition span a wide variety of expertise.
|
Great Lakes restoration plan set to be unveiled today
State officials and conservation activists say it's time for Michigan to do what it can to clean up the Great Lakes without waiting for leadership from the federal government.
|
Thursday on Michigan This Morning
Too much sun isn't only bad for your skin...it can hurt your eyes, too. We'll show you a new way to zap away sun eye damage at 5:16 and 6:54. It's just about strawberry time, and Chef Hermann will put them in a ...
|
My (hotel) room's weirder than your room.....
This boathouse at Drummond Island Resort falls under the "unique but wonderful" category.
|
Driver dies after hitting post office truck
A Drummond Island man dies after hitting a mail carrier vehicle with his car. Investigators say 79-year-old Donovan Rhead didn't see a parked postal delivery vehicle stopped on the shoulder of Channel Road near ... via WTOM-TV Traverse City
|
Drummond Island mail truck crash leaves man in critical
NEWS RELEASE CHIPPEWA COUNTY SHERIFF'S DEPARTMENT ************************** The Chippewa County Sheriff's Office is investigating a motor vehicle accident which occurred on Drummond Island shortly before 11 ... via SooToday
|
Apply for a Michigan Bear Hunting License from May 1-June 1
The Department of Natural Resources reminds bear hunters that they may apply for a 2008 bear hunting license May 1 through June 1. Hunters may apply for a license at more than 1,700 license agents and DNR ... via State of Michigan
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
|
|