|
|
Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
|
|
|
Gowen, 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
| Gowen, Michigan News |
Woman critically injured when she pulls into path of truck
Rescue personnel move a woman injured in a crash with a semitrailer at 32nd Avenue and Adams Street on Thursday morning.
|
Two motorcycles involved in crash
Police say that two motorcycles were involved in an accident on Larsen Avenue south of 19 Mile road near Gowen.
|
Honor camp escapee may face life in prison
Just down the road from the Kent County sheriff's Honor Camp, Amanda Mergener noted a strong police presence in the area while getting her mail.
|
School chief: Notify us of escapees
The superintendent of Greenville Public Schools said Friday police should have notified the district that an inmate walked away the day before from the Kent County Sheriff's Honor Camp.
|
Suspect vehicle in carjacking, kidnapping located
Grand Rapids Police say they have located a vehicle stolen in Thursday's kidnapping and carjacking.
|
Crash victim dies
Michigan Lt. Gov. John Cherry is grabbing the chance in Denver to woo hundreds of Michigan Democratic activists he'll need to back his 2010 run for governor.
|
Charges for the man deputies say caused fatal accident
Richard Hill, from Greenville, has been charged with causing the Sunday night crash that killed a ten-year-old girl.
|
Girl, 10, Killed In Car Crash
A 10-year old girl has been killed in a car accident, and police are saying the driver who caused the accident had been drinking.
|
Woman in critical condition after one-car crash
A Gowen-area woman is listed in critical condition at Spectrum Health Butterworth Hospital after her car was found on its roof at 16 Mile Road and Harvard Avenue early Saturday morning.
|
Chrysler CEO disputes report of loss of low-interest loans
Chrysler's financing arm is not in danger of losing the ability to offer consumers low-interest loans, Chrysler LLC Chairman and CEO Bob Nardelli told the automaker's employees Monday.
|
Chrysler CEO disputes report of loss of low-interest loans
Chrysler's financing arm is not in danger of losing the ability to offer consumers low-interest loans, Chrysler LLC Chairman and CEO Bob Nardelli told the automaker's employees Monday.
|
Article Comments
The Kent County Sheriff's Department is investigating a shooting near Gowen. It happened around 8:15pm at a home in the 13000 Block of 19 Mile Road near Larsen Road.
|
Teen sentenced in break-in at Good Samaritan's house
"We have met the enemy and he is us" STANTON, Mich . -- A teenager who stole two generators from a man who had pulled his car out of a snow bank was sentenced to 10 months in jail and fined $500. Justin J. Rasmussen of Gowen went to the home of ... via Detroit News
|
Teen Sentenced in Break-in at Good Samaritan's House
A teenager who stole two generators from a man who had pulled his car out of a snow bank was sentenced to 10 months in jail and fined $500. Justin J. Rasmussen of Gowen went to the home of 66-year-old Floyd ... via WWUP-TV Cadillac
|
|
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.
|
|
|
|
|
|
© 2006 Somerset Investors Corp. All rights reserved. |