Glenn, 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
| Glenn, Michigan News |
Police looking for suspect in robbery
Allegan County Sheriff's Department deputies are looking for the man who robbed the M-89 Shell gas station on Sunday morning.
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Exhibit focuses on wire creations
Wire creations from Jessica Bohus will be featured at the Saugatuck Center for the Arts, 400 Culver St.
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Events happening in southwestern Michigan
The cost is $6, or $4 for ages 3 to 12, free for ages 2 and younger. 227-3448. 7:30 a.m. to noon Sunday.
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Abortion threatens to break up GOP coalition
Glenn, one of Huckabee's most prominent Michigan supporters, has long criticized Romney, saying the Michigan native and former Massachusetts governor is not credible when he says he has changed to a pro-life ...
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Events happening in southwestern Michigan
The fundraiser is part of a ``Campaign for New Kitchen Appliances.'' Two upright frost-free freezers and a gas stove are the major items toward which proceeds will be used.
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Homes could slide into lake in Allegan Co.
There is flooding in Allegan County. A lot of people living along the lake shore fear for the safety of their homes.
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Events happening in southwestern Michigan
The meal is being held at the center, 6953 114th Ave., Glenn. The cost is $6, or $4 for children 3 to 12, free for children 2 and younger.
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WMU to offer MBA in B. Creek
Western Michigan University's Haworth College of Business is launching a master of business administration degree in Battle Creek this fall at the Kendall Center downtown. via Kalamazoo Gazette
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Knife-wielding man robs McDonald's restaurant in Comstock Township
"Project Mayhem" blogger and Grand Rapids Press film critic John Serba says Michigan's new film incentives may be working: A Minnesota TV station reports that Clint Eastwood will shoot his new movie, set in a ... via Kalamazoo Gazette
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BCHS occupational therapist to discuss Parkinson's disease
"Occupational therapists can provide training to improve function or adapt the activity to achieve greater independence of those with Parkinson's" Parkinson's disease is a chronic, progressive neurodegenerative disorder of the central nervous system. via Battle Creek Enquirer
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What's happening in Southwest Michigan
Talk about Kalamazoo Public Schools v The Ecumenical Senior Center, 702 N. Burdick St., is hosting a PRESENTATION BY MICHAEL RICE, superintendent of Kalamazoo Public Schools. via Kalamazoo Gazette
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Conditions prime for brush fires
"The flames can get high enough, even if you've got tall grasses around your garage or your shed barns, and it will catch those structures on fire." Allegan and Ottawa counties were told by the state not to issue any burn permits since dry conditions around the area are making conditions just right for grass fires. via WOOD-TV Grand Rapids
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'It's Finally Summer Dance' scheduled
Spring Break is over! Save Friday, May 2, 2008 to welcome SUMMER at a dance featuring Jimmy Buffett / Beach Music band, Living Soul and the Pearl Divers. via Battle Creek Enquirer
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Can't get there
DESCRIPTION: In "You Can't Get There From Here," a comedy by Pat Cook, the Mavis Garner Bed and Breakfast is not the sort of place you'd find just off a freeway or even on a map. via Holland Sentinel
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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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