Grandville, 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
| Grandville, Michigan News |
Kent County moves ahead with East Beltline court, despite Rockford objections
Kent County will break ground Wednesday on a new 63rd District courthouse despite an ongoing legal claim that plans for the building breach state law.
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Shoppers brave cold morning for hot deals
College students Mike Braxmaier and Ashley Brinkert looked cozy wrapped in their sleeping bags on their air mattress with pillows at their heads outside Circuit City in Walker.
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Update on Chance, the dog who was hanged and beaten
Newschannel 3 has received many calls and messages to ask about Chance the dog. He's now being treated at the Wish Bone Pet Rescue in Saugatuck.
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Animals lovers upset after no felony charges filed against man accused of hanging, beating dog
After being strung up by his neck from a branch and beaten with a stick last week in a wooded area, Chance the dog is doing all right today.
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Local lake phenomenon research completed
British audio-visual artist Hannah Rickards and film producer Tom Dingle left Grand Haven last week with more material than they could have imagined - vivid recollections from locals who had "seen the lights." ...
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Studio 28 patrons remember life 'in the theater'
Studio 28's era is nearing its end. Upon learning the Wyoming movie theater complex is shutting down on Sunday after a 43-year legacy, numerous current and former customers and employees openly have expressed ...
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Teen arrested in burglaries
Grandville police say that they have arrested Chaz Weaver, 18, of Grandville for two burglaries in Kent County.
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3 Face Prosecution for ''Flourishing"
Grandville's Police Department reports that the three men who were arrested two weeks ago on alleged weapons violations will go to trial, charged under the local city law againt "flourishing" firearms, that is, ...
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GRANDVILLE, Mich. Three men, arrested after staging a robbery in Grandville with the intent of putting the video on You-Tube pleaded 'not guilty' on Monday.
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Suspect in Wyoming burglary admits to Grandville break-in, police say
An 18-year-old Grandville man charged with committing a burglary in Wyoming has confessed to a second burglary at a Grandville gas station, police said.
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Michigan expands hate law
Gay rights advocates are praising a measure to broaden protection for victims of hate crimes as a long-overdue expansion of civil rights.
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Ondersma and Kortman
James and Lori Ondersma of Holland announce the engagement of their daughter, Lisa Anne Ondersma, to David Jordan Kortman, son of John and Mary Kortman of Grandville.
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Helena (Deters) Boerman, 84
Helena Boerman, age 84 of Zeeland went to be with her Lord Friday, November 7, 2008.
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Mich. thieves swipe almost $700K in baby formula
Oh baby, what a caper. Police say thieves made off with $688,000 worth of infant formula when they stole a trailer in Grandville sometime over the weekend.
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Baby formula worth $688,000 is stolen in Grandville
Police are searching for thieves who stole a trailer containing nearly $700,000 in baby formula.
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Men face charges for staging robbery on YouTube
GRANDVILLE, MI - Three local men thought they would post their movie on YouTube after filming in Grandville.
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'Fools' takes stage at Grandville
Grandville High School will present Neil Simon's comedy "Fools" at 7 p.m. Thursday-Saturday at the school auditorium, 4700 Canal Ave.
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See West Michigan-made comedy film Saturday
Anyone who's wondered what it takes to make a movie can get a few answers Saturday.
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Grandville video shoot with Airsoft guns, ski masks may lead to charges
The masked gunmen said they were making a video for YouTube, but their screen went black after Wyoming and Grandville police arrived on the scene.
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Grandville Wastewater Treatment Plant receives the O&M Excellence Award
Thursday, November 06, 2008 at 1:20 p.m. Each year, the United States Environmental Protection Agency recognizes publicly-owned wastewater treatment facilities for outstanding and innovative water quality ...
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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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