Gladwin, 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
| Gladwin, Michigan News |
Gladwin child dies after being hit by car
A 12 year-old Gladwin County girl died Friday, November 21, after she was hit by a vehicle while walking on the shoulder of M-18 with friends.
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Plane crash report coming
As day leads into day, Kathy Little gets a little closer to learning the truth about the airplane crash that took her husband's life.
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Local publishes photography book
GLADWIN For photographer JoAnne Clagg, who believes in the wonder and greatness of all things, she shares her portfolio of God's beautiful miracles in Do You See What I See? With artist-author JoAnne Clagg's ...
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"Domestic homicide" suspected in death of woman in Saginaw
The death of a woman that Saginaw police originally viewed as "suspicious" now is receiving attention as a possible "domestic homicide," said Detective Sgt.
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12 year old girl Killed in Gladwin Co. Car-Pedestrian Accident
Hide Video A 12 year old girl lost her life Friday in a car-pedestrian accident in Gladwin county.
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Sheriffs wrestle with overcrowded jails
Overcrowding of county jails remains a concern for local sheriffs. About 80 percent of county jails are at or above capacity, according to Terrence Jungel, executive director of the Michigan Sheriffs' ...
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Deer kill awes new DNR chief
CLIO -- Russ Mason, the new chief of the Michigan DNR's wildlife division, came last summer from Nevada, a state that holds an annual lottery to issue 20,000 tags to hunters who kill about 8,000 deer.
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GAFTY presents - A Little Princess'
GLADWIN Gladwin Area Friends of the Theater Youth is proud to present, A Little Princess, an adaptation by Eleanor V. Lindsay.
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Roth-Smith wedding
Nicole Marie Roth and Cody James Smith were united in marriage Sept. 20, 2008 at Trinity Lutheran Church in Midland with Pastor Gerald Ferguson and Pastor Ted Koehl officiating.
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Sacred Heart can food drive a success
GLADWIN a " The Sacred Heart C.S.I. went out on a Can Food Drive Sunday, Nov. 2 to collect can and non-perishable foods for the Sacred Heart Mission Food Bank.
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State police cracking down on sex offenders
State police targeted 27 people in Ogemaw, Gladwin and northern Arenac counties on suspicion of violating the state's sex offender registry law.
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Sacred Heart's Christmas bazaar to be held Nov. 21
GLADWIN The Sacred Heart's 25th Christmas Bazaar will be held Friday, Nov. 21 from 9 a.m. to 4 p.m., and Saturday, Nov.
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RESD Career Tech Center names October students of the month
CLARE The Clare-Gladwin RESD Career Tech Center is proud to announce the Students of the Month for October.
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Ashley school board members vote to hire superintendent
FOR THE SAGINAW NEWS Ashley Community Schools has a new leader. The Board of Education voted unanimously to hire Tim Hughes, former career education director for the Clare-Gladwin Intermediate School District ...
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Attorney General: Play it safe when sending kids trick-or-treating
When sending your costumed children into the neighborhood in search of treats, following a few basic tips will ensure their Halloween is as safe as it is fun.
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Ahead of the pace in a new place
GLADWIN - It's unusual, most years, for me to return to a grouse cover. Generally, I'll hit a hunting place once, then go somewhere else, simply because there are so many wonderful woodlands here in Michigan.
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DNR Hosts Open House in Gladwin Forest Management Unit on Dec. 2
The Department of Natural Resources will host an open house Tuesday, Dec. 2, to provide information and receive public comment on proposed forest management treatments for 2010 in the Gladwin Forest Management ...
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Celebrate National, Michigan hospice month
GLADWIN COUNTY a " Hospice of Gladwin area will kick off National and Michigan Hospice Month with our annual a oeBells for Hospicea campaign at noon on Saturday, Nov.
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Aaron and Allison Garvie of Gladwin would like to announce the birth of their daughter, Summer Rose Garvie, on Aug.
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Anne B. Dietiker
Anne B. Dietiker, 87, of East Lansing passed away Sept. 6, 2008 after a brief illness.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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