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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Greenville, 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
| Greenville, Michigan News |
Re-elected state Rep. Robert Dean revels in 'year for Democrats'
Democratic state Rep. Robert Dean said Grand Rapids voters validated his first-term performance Tuesday when they re-elected him with 58 percent of the vote.
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New voting stations may reduce wait
Excited to vote, but having flashbacks to long lines from the last presidential election? A quicker process could be on tap this year, as local officials are being urged to increase the number of voting booths.
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Small solar project fits the bill for area
The Lansing Board of Water and Light's new solar array project is small scale. It will power only about 50 homes.
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Huckleberry Says Beans Have It Half-Wrong On Early Release Issue
Mike Huckleberry, a Greenville Democrat running for the 70th District state House seat being vacated by Rep.
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Wage police set aside for United Solar
A controversial city commission vote has helped secure hundreds of new local jobs - and has angered hundreds of local union members.
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Montcalm County: Candidates vie for Board of Commissioners seats
Voters in districts 1, 2 and 6 will face choices in filling seats on the county Board of Commissioners.
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West Michigan's state House candidates report spending less money than they raised
Both candidates vying to fill the state House seat being vacated by term-limited Republican Judy Emmons have saved some cash for the final push to Election Day, according to campaign finance reports filed ...
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Local Leaders Break Ground on New Solar Panel
A new development is working to keep jobs and money right here in Michigan with renewable energy.
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Granholm rallies for Obama at summit
Floridians learned a little bit about Michigan on Tuesday when Gov. Jennifer Granholm joined Democratic presidential candidate Barack Obama for a campaign event.
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USO goes to Battle Creek
Latest hand-selected Michigan political news and analysis headlines Battle Creek gets 700 jobs creating photovoltaic solar panels for United Solar Ovonics, a company much loved at Michigan Liberal for being at ...
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State OKs USO incentives
The approval of a $17.3 million state tax incentive package Tuesday helped secure at least 350 new jobs in Battle Creek.
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Haunted Mill owner paid to have fire set, man testifies
A former employee of Jim Westra's testified he and Westra spoke three times in less than a week in 2003 about burning down the Haunted Mill, a popular Greenville Halloween attraction.
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Allegan, Greenville roads benefit from plant expansions
State transportation grants will help pave the way for plant expansions and new jobs in Greenville and Allegan, state officials said today.
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Cox extends Metron monitor
Attorney General Mike Cox today announced that his office has extended its monitoring of Metron's six West Michigan locations for one year.
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Small banks bucking the trend
Can community banks lead Americans living on Main Street out of Wall Street's financial mess? And will you be able to get a loan if needed? It's business as usual at Commercial Bank in Greenville.
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2 arrested in double homicide
Deputies continue to investigate a double homicide in Kent County. Investigators found two people shot to death early Monday near a gravel pit in Oakfield Township near Greenville.
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Man charged for arson of his home, Greenville's Haunted Mill
The former owner of a popular Halloween attraction faces charges of arson of Greenville's Haunted Mill as well as his own home.
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Second arrest made in Haunted Mill arson
Another arrest was made in the arson of the Haunted Mill in September 2003, just one day after the first suspect pled guilty in the case.
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Theater notes: Broadway's Deborah Lew returns to alma mater Calvin College
Deborah Lew, a 2000 graduate of Calvin College who recently appeared on Broadway as Belle in "Disney's Beauty and the Beast," returns to her alma mater Thursday to celebrate her journey in story and song.
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'Spectrum of Stars' set in Greenville
"Spectrum of Stars," a patriotic variety show directed by Char Lothian, will be presented at 8 p.m. Saturday at the Greenville Area Community Center, 900 Kent Road.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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