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Grant, 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.

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Grant, Michigan News
at a Glance: Southern Downriver Men's drop-in basketball games will be held at 8 p.m. Thursdays at Woodhaven High School, 24787 Van Horn Road.
Genealogy Query - HALL Looking for Paula Hall and/or Linda Furman. From the Grant, Michigan area. Paula's father's name was Jim and she had an older sister Sandy.
Camera voyeur guilty A 46-year-old Grant man who police say secretly recorded a woman using a breast pump at Steelcase has pleaded guilty to a felony.
Quarterline Road gets an 'official' ceremony Call it a road-opening or a ditch-closing ceremony, but it was a snowy celebration Friday for Quarterline Road at the L&N Store.
Connell: A glorious river beats a glorified ditch The Port Huron area has a secret treasure, an asset we've exploited for more than 250 years without much appreciation for its true value.
Fraudulent checks showing up at area stores State police are investigating a string of fraudulent checks cashed at local businesses.
Across the state: Man is charged in killings of 4 A 31-year-old Newaygo County man has been charged with killing four people whose bodies were found inside a home that burned down.
Fraudulent payroll checks being cashed in region Michigan State Police are investigating a string of fraudulent checks that have been cashed at local businesses in the Newaygo County area.
Article Comments The Ottawa County Prosecutor has charged Troy Brake with seven counts in the quadruple murder in Wright Township on September 29th.
Genealogy Query - BYERS : FREYE : UNKNOWN : WASHBURN Searching for brother - birthname Jerry Byers Jr. born 3/7/1961 in Muskegon, Michigan.
Salt cost will make winter road clearing pricier West Michigan witnessed the first pea-sized signs of winter Sunday: scattered hail seen from Grant to Sand Lake to Byron Center.
Traverse City to get block grant for deck The city will receive a $1 million block grant to help pay for the public parking deck project in Old Town with Hagerty Insurance.
Suspect identified in Wright Township murders The Ottawa County Sheriff's Department announced this morning that Troy Brake is now officially considered a suspect in the deaths of four people in Wright Township.
Brake named suspect in Wright Twp. homicides Ottawa County authorities have officially named Troy Brake a suspect in a quadruple homicide in Wright Township.
Authorities investigate possible suspect in Wright Township quadruple homicide Officials from the Ottawa County Sheriffa s Office are investigating a possible connection between the Wright Township homicide that killed an MSU student and three others, and a 31-year-old man who was ...
Ottawa County, Grand Rapids authorities sharing information on beating and sexual assault case Police in Ottawa County and Grand Rapids say they are sharing information about a 31-year-old Grant man arrested early Thursday for beating a woman with a gun and sexually assaulting her.
Suspect in shooting and assault has his home searched Newschannel 3 has been following a developing investigation that started in Kent County, and now involves two other counties as well.
Grant man facing intent to murder charges A man who allegedly assaulted a woman early Thursday morning now faces multiple charges, including intent to murder and first-degree criminal sexual conduct.

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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.