Grand Marais, 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
| Grand Marais, Michigan News |
All the Trimmings
Local artisan Kris Miller says she has been driven by three lasting passions - a fascination for textiles, the desire to learn the skills of years-gone-by, and a love for animals.
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Tips for the new economy - let's all live in pickle barrels
Worried about losing your job or even your house in the current downturn? Stop sweating! If worse comes to worse, we can all live in barrels, like this unique house in Grand Marais, Michigan.
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The art of ale
Greg Gerding says he was "baptized" in 1995 - but it wasn't the kind of religious baptism that most people think of when they hear the word.
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Tonight on TV6 Saturday
Here's a look at what we're working on for tonight's news. Saturday, October 04, 2008 at 4:06 p.m. Fall is here, and that mean's its time to celebrate.A The Fayette Historic State Park is hosting their annual ...
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Au Sable Day and Public Lands Day 2008
On Saturday, September 27, Pictured Rocks National Lakeshore will host the annual "Au Sable Day" at the historic 1874 Au Sable Light station near Grand Marais.
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...tell me more
Fox Creek Questers Fox Creek Questers No. 216 begins its fall season at the home of Mary Steiger at 12:30 p.m. Thursday, Sept.
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Hard (but fun) hardscaping questions
Posted on August 28th, 2008 9:43 AM By Robyn Dochterman Concrete blocks, fire bricks, big boulders.
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Carl Welser: 'You are my mark in the world'
Grandson Karl Christopher, age 8, practically wrote part of these words for me. At least he inspired them, however unwittingly.
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Lake Superior's disappearing harbour
Grand Marais harbour is filling up with sand and silt, endangering the village's tourism industry, The Detroit News reports.
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West Bay Diner postcard [Flickr]
The other side says: West Bay Diner, Grand Marais, Michigan - This rare 26-seat 1949 Paramount "Road King" diner car is the former Matamoras diner from the Pocono Mountains of eastern Pennsylvania.
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MDOT to present $1 million in Local Jobs Today funding to Alger...
July 31, 2008 -- Paving of H-58 between Grand Marais and Munising will continue this summer, thanks in part to a $1 million Local Jobs Today check to be presented Tuesday, Aug.
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...tell me more
Petunias in white created the 18th century Jasperware plaque by the Grosse Pointe Farm and Garden Club.
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Walter George Hampton
Walter George Hampton, age 94, of Howell, went to be with the Lord on July 28, 2008, following a brief illness.
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H-58 construction
The Alger County Road Commission is set to pave H-58. The route runs through the Pictured Rocks National Lakeshore, connecting Munising to Grand Marais.
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H-58 construction
The Alger County Road Commission is set to pave H-58. The route runs through the Pictured Rocks National Lakeshore, connecting Munising to Grand Marais.
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Grand Marais Fly-In
For most pilots, flying high in the sky is where they want to be. And with fly-ins at various Michigan airports throughout the Summer, many are touching down in the U.P. Saturday, Grand Marais hosted it's ...
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Famed MSU writers headline 'homecoming'
When Jim Harrison returns to campus Thursday, he knows the vibe will be different than during his years at Michigan State University in the early 1960s.
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Fund-raiser set for park
Organizers are preparing for a fund-raiser to help benefit a new park in Grand Marais.
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Your Pets - Skyah Marais Key
Skyah Marais Key is a 112-year-old shih tzu who lives in Holland. Skyah means "sky cloud" and represents life, beauty, strength and love.
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Detroit Mayor Kwame Kilpatrick hurting business
Detroit Mayor Kwame Kilpatrick's text-messaging escapades already have tarnished the image of the city and Michigan.
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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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"...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.
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