Hanover, 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
| Hanover, Michigan News |
Fallen tree kills worker, 45
Always worried about her fiance's safety, Kim Lentz talked to the Jackson County Road Commission worker every day at lunch time.
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Road Commission worker dies after being hit by tree limb
A Jackson County Road Commission worker died today after a tree limb hit him in the head.
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Pair charged with fraud in mortgage investigation
Two more people have been charged with fraud as part of an ongoing effort by state and local authorities to crack down on mortgage scams.
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Whether for eating, cider or baking, it's apple time
The pumpkins are orange, the apples are crimson, the grain is golden, and cider is flowing in amber rivulets.
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Investigators suspect bar dispute led to arson
Investigators suspect a dispute at a bar in Hanover overnight precipitated an arson fire early this morning.
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Clinton Area Ambulance Change is in the works
ST. JOHNS - Clinton Area Ambulance Service Authority is undergoing change. And that should be a good thing, according to some ambulance board members.
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Speed showcased at speedway
The Springport Motor Speedway on Sept. 6 saw many competitors get rather creative, using different techniques to make their race cars go a tick faster around the big 3/8-mile track.
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Jackson GOP plans fundraiser barbecue
The Jackson County Republican Committee will hold a fundraising barbecue from 4 to 7 p.m. on Sept.
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County has few women leaders in local government
Among the leaders in Jackson County local government, it's almost an all-boys club.
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DAYBOOK
DAYBOOK Deaths Douglas R. Martin, 64, of Jackson died Monday, Aug. 25, at home. He is survived by his wife, Sherry; a daughter, Marsha Martin; two sons, Douglas and Charles Martin; a stepdaughter, Candi Saylor; ...
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Rite of Summer
Peaches, like these Coral Star peaches picked last week by Antonio Lopez, of Mattawan, are in season right now.
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Dog groomer brings the grooming to you
Now you can get your dog groomed without leaving home. Columbia Mobile Pet Grooming offers dog bathing, brushing, hair cutting, nail clipping, ear cleaning and other services out of a trailer with its own ...
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Holt's Deubel battles at Springport
SPRINGPORT - Storms that threatened to cancel the Aug. 9 race at Springport speedway passed, allowing drivers to take to the track for a full night of racing.
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Miles takes Mod win at Springport Speedway
The Springport Motor Speedway hosted Kids Night on Aug. 2 by giving away a number of bikes and opening up the track at intermission for autograph seekers.
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Fire destroys home
A mobile home was destroyed by fire before dawn Friday in Hanover Township. No one was injured.
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Fire destroys home
A mobile home was destroyed by fire before dawn Friday in Hanover Township. No one was injured.
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Fire destroys home
A mobile home was destroyed by fire before dawn Friday in Hanover Township. No one was injured.
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Fire destroys home
A mobile home was destroyed by fire before dawn Friday in Hanover Township. No one was injured.
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Fire destroys home
A mobile home was destroyed by fire before dawn Friday in Hanover Township. No one was injured.
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Fire destroys home
A mobile home was destroyed by fire before dawn Friday in Hanover Township. No one was injured.
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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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