Grayling, 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
| Grayling, Michigan News |
12/1 - Snowfall Diminishes But Continues
Winter Storm Warnings remain posted for slow and difficult traveling conditions due to more snowfall and blowing snow.
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The Nation's Weather - AP
For The Associated Press= Gusty winds pushed cold, northern air across Lake Michigan Sunday and triggered a swath of lake-effect snow showers over Michigan, Illinois, and Wisconsin.
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Deer tally is bucking the trend
JACKSON -- It has been a strange firearms deer season. Hunters in some of the best whitetail areas, not just in the state but the country, report that the many bucks they saw before Nov.
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Investigators Trying To Figure Out Cause For Deadly Fire.
A morning house fire killed a man in Crawford county. Investigators don't know how the fire started and have not identified the person killed.
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Crawford County fatal house fire
When fire crews arrived on scene the house was engulfed in flames. Friday, November 21, 2008 at 2:09 p.m. The Crawford County Sheriffs Department responded along with fire crewsA to a house fire near River Road ...
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11/21 - Home Destroyed in Crawford County
Fire crews are at the scene of a fire that destroyed a home on Kelm Way in Crawford County's Grayling Township.
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Science could shine a new light on deer
GRAYLING, Mich. - Sitting in a tree stand and watching a doe cavort with her twin fawns, I got to thinking about the DNA tests that some biologists did a few years ago in an effort to determine which age group ...
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Record-Eagle's 150th celebration kicks off
For the past year, Record-Eagle columnist and editor Loraine Anderson retraced the development of the newspaper and the community it covers in recognition of our sesquicentennial celebration.
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Michigan National Guard Soldiers and Airmen available for Veterans...
The Soldiers and Airmen of the Michigan National Guard are available for media interviews for Veterans Day news coverage.
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Deer licenses steady despite ban
This one is a stunner. All those who claimed that the Lower Peninsula baiting ban would produce a big decrease in the sale of deer licenses should get ready to issue a big 'never mind.' As of Sunday, ...
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10/22 - Small Businesses Spotlighted In Crawford County For Big Impacts
Today small businesses all around the U.S. were recognized for National Micro-Enterprise Day.
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Alpena man with 1 leg gets year in fatal crash
A one-legged driver who crashed into a northern Lower Michigan restaurant and killed two patrons has been sentenced to a year in jail.
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Statewide Town Hall Meetings on Chronic Wasting Disease Scheduled in October
The Michigan departments of Natural Resources and Agriculture and Michigan State University Extension will hold a series of town hall meetings across the state prior to the firearm deer hunting season for the ...
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2009 Dodge Challenger SE a " Test drive
On the open road, we found this basic Challenger model to be a surprisingly pleasant car that delivers good acceleration, fuel economy and, of course, that classic clean look.
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Depot Days Festival chugs into Standish
Visitors can't catch the train to this weekend's Depot Days Festival in Standish, but they can board a train similar to the ''Hogwarts Express,'' made famous by the Harry Potter movies.
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Bow season opens: Midweek start, economy hinders hunter turnout
GRAYLING - The weather for this morning's opening morning of the archery deer season was generally better than predicted, with the skies clear or at least rain-free in most of the state and dawn temperatures ...
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2009 Dodge Challenger SE Fuel-Economy Marathon Test Drive: Can V6 Thrift and Retro Design Hit 25 MPG?
Okay, we've had a whole year to bask in the warm glow of the limited-production, $39,000 Dodge Challenger SRT8 , with its 21st-century muscle updating the classic hemi models in a run of retro Detroit updates .
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Twin Soo soldiers to sleep more comfortably
Camp Grayling, a major military training facility used by the Ontario Sault's 49th Field Artillery Regiment and the Michigan Soo's 1437th Engineer Company, will receive $16.9 million for barracks replacement, ...
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DNR Hosts Open House at Hartwick Pines State Park Oct. 7
The Department of Natural Resources invites the public to attend public open houses scheduled for Tuesday, Oct.
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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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