Goodells, 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
| Goodells, Michigan News |
Free TV & Computer Recycling Dec. 6, 2008
Get involved in TV and Computer recycling and celebrate America Recycle Day! St.
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Death notices for Monday, December 1
Jerry Auclair Sr., 72, Marysville Harvey E. Ezekiel Jr., 61, Port Huron Joanne P. Kading, 76, Fort Gratiot Wade H. Lawrence, 83, Applegate Marion Gibbard McCall, 79, Goodells Ethel L. Miller, 89, Port Huron ...
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Blankets to be given to children's hospital
Tied fleece blankets aren't hard to make, said Angelina Taylor. She helped make 106 of them Sunday.
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Hundreds support Norma Pool fund-raiser
Nearly $20,000 has been raised for Norma Pool. The Fort Gratiot woman was diagnosed with Devic's disease in 2007, an inflammatory disease of the central nervous system.
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Resolution found on Memphis dog case
The case involving St. Clair County's seizure of more than 90 dogs from a Memphis barn last month has come to a close.
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Nature unrestricted
The newly constructed universally accessible tree house at the Pine River Nature Center is the only one of its kind available to the public in Michigan.
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Woman with rare disease needs help
Juvenile Detention Center in 2003, she planned to use that time to bowl, golf and dance.
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More
The kennel at the St. Clair County Animal Shelter was filled with excited barking Saturday -- even more than usual.
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CHURCHES' CORNER
GOODELLS -- The annual harvest dinner will be served from 5 to 7 p.m. today in the church, 1530 Emerson Road.
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County reaches deal with dog owner
St. Clair County officials and the Memphis man who was ticketed for operating an animal-rescue facility without a license have reached an agreement that allows the man to care for his dogs and for the county to ...
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Jacopelli seeks his animals back
The Memphis man who surrendered more than 90 dogs to county officials after operating a kennel without a license is trying to rescind that action.
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Historical society digs the past
Digging into the past is an opportunity that the Wales Historical Society extends to others such as students of history, or youth or community groups.
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Churches Corner Local Events
The church will be accepting clean and gently-used coats through today. Families may stop at the church, 1213 Sixth St., Port Huron, to pick out coats from 2:30 to 5:30 p.m. today or from 9 a.m. to noon Sunday.
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Having their say
The Times Herald has formed a group of first-time voters and will be checking in with them as the presidential campaign continues.
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March proves to be doggone fun
With her border collie at her side, Beth Baysinger took to the sidewalks in support of the ninth annual Blue Water Area Humane Society Mutt March Sunday afternoon at Goodells County Park.
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Mutt March today
The Blue Water Area Humane Society will have its ninth annual Mutt March Charity Walk on today at Goodells County Park in Wales Township.
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Marine City, Port Huron Northern claim equestrian titles
Marine City captured the Class B championship and Port Huron Northern was the Class C winner Saturday at the Michigan Interscholastic Horseman's Association District XII at the Goodells County Park.
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Connell: Treehouse opens a window on nature
When a wheelchair-accessible treehouse opens at the Pine River Nature Center this autumn, it will write another chapter in one of St.
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No serious injuries in morning crash
A single-vehicle rollover crash closed one westbound lane at the I-94/I-69 junction for about 1 1 2 hours this morning, said Port Huron Township Fire Sgt.
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Slow Spokes brave rain
MEMPHIS -- A rainy and cold morning kept a few cyclists off the road, but about 180 riders had preregistered for Sunday's 38th annual Slow Spokes' A Peach of a Ride.
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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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