Grawn, 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
| Grawn, Michigan News |
Editorial: Cheers:
To Jackie Miller, of Grawn, who the Grand Traverse Area Veterans Coalition named Veteran of the Year for 2008.
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School Closes For Cleaning
Thursday, November 06, 2008 at 3:08 p.m. Illness is closing a Traverse City Area School.A Blair Elementary School in Grawn will close its doors Friday so custodians can clean the building.
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Letters At Issue: Nov. Elections:
Is the election dividing your house? October 23, 2008 12:15 pm Published: October 26, 2008 09:43 am Experience & motivation The Grand Traverse County Deputy Sheriffs Association has decided to endorse Mr.
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Suspect arrested in home invasion
Police arrested a Grawn man for home invasion and unlawfully driving away a vehicle.
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News From 100 Years Ago:
Two court cases of interest to area residents were heard earlier this week. The jury brought in a verdict of guilty in the case of the People vs.
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Service News:
Army National Guard Pfc. Jacob Labinaw has graduated from Basic Combat training at Fort Sill, Lawton, Okla.
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Preschool program moves, consolidates
The Head Start preschool program for Grand Traverse County moved some classrooms and consolidated others as the result of rising rents and flat funding levels.
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Photographer discusses life-changing shot
It is an image that grabbed the attention of pro-lifers everywhere, just as the tiny fingers of the unborn child in the photograph clutched the finger of the surgeon who stood over his pregnant mother.
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No appeal for man who took illicit photos
A state appeals court upheld the conviction of a Grawn man who snapped illicit photos of a young girl as she shopped.
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Older brother of former gov. dies of cancer
John Grawn Milliken, longtime physician, local medical pioneer, champion of the arts, avid boater and older brother of former Gov.
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Woman arrested for theft, drugs
Police arrested a Grawn woman for possession of crack cocaine after she allegedly stole steel scouring pads from a grocery store.
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Accident claims the life of a Traverse City woman
Fatal accident victim Sandra Raymond had been a long time employee of Robertson's Hair Care in Traverse City.
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Expect delays on Silver Lake roads
Road construction delays will move to a 5-mile stretch of West Silver Lake and Silver Lake roads starting Monday morning as part of Grand Traverse County's $4 million in summer road improvement projects.
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Traverse City teen allegedly stole car
A Traverse City teen who allegedly used a stolen vehicle to break through the front doors of a Grawn party store could face several criminal charges.
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Handicapped accessible playground
Monday, July 21, 2008 at 6:24 a.m. It's been in the works for four years and it's a Northern Michigan first, children with disabilities now have a safe place to play.
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Expect road delays beginning Friday
Motorists should expect delays on Silver Lake Road, Barlow Street and westbound South Airport Road beginning Friday due to road construction.
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Vacation Bible School
The Grawn United Methodist Church, 1260 West Silver Lake Rd., will be hosting the annual Vacation Bible School program Sunday - Thursday, July 13th - 17th from 6:30pm-8:45pm. This years theme is Power Lab, ...
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Mother Nature grabs spotlight for a day
The issue of recycling hits close to home for Port Huron residents Dave and Sandy Hietikko when they watch hundreds of trucks each day haul Canadian trash through their hometown.
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Summer road work will cost $4 million
Motorists can start planning for alternate routes because the Grand Traverse County Road Commission plans to fix 27.5 miles of heavily traveled local roads this summer.
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Teens face breaking and entering charges
Three teens face criminal charges for allegedly breaking into a business to steal golf clubs.
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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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