Gagetown, 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
| Gagetown, Michigan News |
C-PS cruises to win
OWENDALE -- Dawn Albrecht had seven kills and three blocks, and Nicole Storm had 10 points and three blocks Thursday as the Carsonville-Port Sanilac volleyball team defeated Owendale-Gagetown, 25-15, 27-25, ...
|
She's worth a million
Although all children are precious, McKenzie Baker is worth a million. Because she was born nearly four months premature, the little bundle of joy's medical expenses are astronomical.
|
Circuit Courts
Shane Philip Mohr, 19, Millington, pleaded no contest to receiving and concealing stolen property, over $1,000. Sentence date to be set.
|
District Courts
Russell Allen Rondo, 26, Caro, is charged with police officer - assaulting/resisting/obstructing. Pretrial is set for Oct.
|
Bucholtz, Hanson look to become new sheriff in Huron County
They've traveled different roads, but Gene Bucholtz and Kelly J. Hanson have patrolled the streets and highways of Huron County, fighting crime.
|
O-G becomes a tobacco-free campus
Not only is there no smoking in the boys' room, at the Owendale - Gagetown School District, but now there's no smoking anywhere on the campus.
|
Local townships preparing for windy profit ventures
The Elmwood Township Planning Commission will host a public hearing 7 p.m., Friday at the township hall 6437 South St., Gagetown.
|
Tax break gives facility new life
Council members have approved an Industrial Development District and an Industrial Facilities Exemption Certificate for Vita Plus elevator.
|
Teens pitching in around the county
All in a day's work. Arnett, the Director of Christian Education at St. Paul Lutheran Church in Caro, helped coordinate a Lutheran-based volunteer program known as a "National Servant Event" in Tuscola County.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
|
|