Gobles, 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
| Gobles, Michigan News |
Four employees of Kalamazoo Metal Recyclers Inc. sentenced to fines, costs for `06 incident
Four Kalamazoo Metal Recyclers Inc. workers accused of detaining and assaulting men they suspected of trying to steal scrap metal from the firm in August 2006 were sentenced Monday to fines and costs.
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Township: Repair or pay
In his 22 years with Park Township, Supervisor Stu Visser said he has dealt with plenty of old structures in need of repair.
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Missing woman calls family; says she's OK
Sheriff's deputies say a 20-year-old woman missing for nearly two weeks is fine and she contacted family members Wednesday, hours after authorities announced they were searching for her.
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Allegan officers seek help finding missing woman, Erin Quigley, of Gobles
Erin Michele Quigley, 20, of Gobles. ALLEGAN COUNTY -- Sheriff's deputies are searching for a 20-year-old woman who has been missing since Nov.
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Gobles man faces four charges
A man wanted for an alleged assault in 2007 was arrested this week in Gobles, Kalamazoo Township police reported.
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Arrest in year long string of break-ins
A year-long investigation has led to an arrest in a string of break-ins. People in the Gobles area first started reporting home and car break-ins in July of last year.
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Second Democrat wins seat on county Board of Commissioners
A second Democrat will be on the Van Buren County Board of Commissioners starting Jan.
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Gobles Royalty
Gobles High School seniors Holly Carroll and Jake Gettys were crowned the Tigers' 2008 Homecoming queen and king during a long-awaited ceremony last Friday night.
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Mich. man gets life for killing wife's ex-husband
A 29-year-old Gobles man convicted of murdering his wife's ex-husband has received a mandatory prison sentence of life with no parole.
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CORRECTIONS
Bryan Harvey, of Otsego, and Jordan Parks and Randy Moore, both of Marcellus Howardsville Christian, were inadvertently left out of the high school cross-country regional coverage that appeared on Pages C8 and ...
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Three Hurt in Red Arrow Highway Crash
A Plainfield, Michigan woman is in critical condition after a car crash on Red Arrow Highway at 41st street in Paw Paw Township last night .
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Three injured in two-vehicle crash
A Plainfield, Ill., woman was critically hurt and two young girls in her car were injured Wednesday in a two-vehicle crash in Van Buren County, police said.
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It's a nerd revolution
Life doesn't work this way, you know. Playwrights are supposed to wait and worry.
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Many rural voters undecided
Gobles barber Ron Stamm makes it a point not to talk about his religion or politics while cutting hair, for fear of offending customers.
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Incumbents challenged in race for Van Buren County board
Voters in two of the seven districts for the Van Buren County Board of Commissioners will decide between challengers and an incumbent in the November election.
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Seen & Heard: Reaction to closing of Wyoming's GM metal stamping plant
The 2-million-square-foot Fisher Body plant, which came to be known by many as simply "No. 1," has been an economic engine in West Michigan since being announced during the Great Depression 73 years ago.
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Staph infections prompt Gobles meeting
Three Gobles High School students were treated for a staph infection, prompting a school assembly for students, parents and community members.
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United Way kicks off - 08 fundraising campaign
Wednesday, September 24, 2008 4:26 PM EDT Arthur Morgan of Gobles has a deeply personal reason for appreciating the United Way.
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Man to be charged in robbery
A store clerk could face charges for allegedly trying to mislead investigators about a robbery at a farm-supply store, police said.
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Relative did not heed robbery warning
A Gobles man is expected in court Friday to face charges for robbing a store near Bloomingdale.
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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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"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
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