Hastings, 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
| Hastings, Michigan News |
BCN Technical Services Expands Press Rebuild Capabilities with 13,000 Square Foot Addition
BCN Technical Services has announced completion of a 13,000-square-foot addition to its Hastings, MI facility specifically designed for the refurbishment and assembly of small to medium-size mechanical and ...
|
Access fuels prescription-drug abuse
Spend a week in a pharmacy and you'd be astonished at the number of people trying to obtain prescription drugs illegally, said Anthony Ratti, managing pharmacist at Askler's Augusta Pharmacy 'N' More.
|
Webberville Garden Club attends autumn district IIB meeting
WEBBERVILLE - Three Webberville Garden Club members, Louis Bauer, Julie Hath and Marge Showerman, attended the District IIB fall meeting "Button Down Your Garden" in Hastings, and learned about native and ...
|
Honestly Abe...
Abe Lincoln made an appearance at Azalea Estates before dropping by the newspaper on Veterans Day.
|
MSP trooper hurt in M-37 crash
Just after 8 am, a Michigan State Police trooper from the Hastings post was heading to 108th Street to respond to an accident when someone on Adams pulled out in front of him.
|
Motorcycle display aids fallen officer's family
In the lobby of the main Hastings City Bank there is a display that gives customers pause.
|
Perry Garden Club takes field trip to new local B&B, to visit river next
PERRY - The Perry Garden Club participated in a field trip on Oct. 9 to the new Rosewood Inn Bed and Breakfast located at 15275 Francis Road, Lansing.
|
Community remembers fallen deputy
Wednesday night, people in Barry County gathered together to remembered the life of a fallen Barry County Sheriff's deputy.
|
Gathering to remember a fallen deputy
Hundreds of friends, family members and law enforcement colleagues came together Thursday for a salute to a hometown hero, remembering a deputy killed in the line of duty.
|
6 blind people plan 10,000-foot sky dive in Michigan
Six blind people ages 21 to 79 are planning their first parachute jump, a 10,000-foot dive over southwestern Michigan.
|
Michigan Deputy Killed in Motorcyle Crash
Deputy Christopher Yonkers' sister-in-law describes him as a man who wanted to be part of something bigger than himself.
|
Funeral Set for Sergeant Killed On Duty
Funeral arrangments are set for a Barry County Sheriff's Deputy killed in the line of duty.
|
Supporters honored at Food Bank stakeholders' meeting
Volunteers, food donors, funders, member agencies and Board members were all given the spotlight during the Food Bank of South Central Michigan's Annual Meeting held on World Food Day.
|
Barry County deputy dies in crash
An off-duty Barry County Sheriff Department deputy died Friday night when his motorcycle collided with a car.
|
Around Plymouth
"Around Plymouth" is designed to announce upcoming events taking place in the community.
|
10 schools, 10 perfect records
Battle Creek Public Schools and Pennfield Schools were two of 10 area districts to have all of their buses pass safety inspections last year, Michigan State Police announced Wednesday.
|
Campaign Notebook: Walberg tries to link Schauer to filmmaker
Rep. Tim Walberg is trying to link his Democratic congressional challenger to filmmaker Michael Moore.
|
Motorcyclist critical after hitting car
A 49-year-old Hastings man was in critical condition Sunday after his motorcycle collided with a car at Woodlawn Avenue and North Jefferson Street, police said.
|
Smoke, heat killed man found in car
Preliminary autopsy results for a man killed in a Rutland Township car fire, where firefighters extinguished the blaze without noticing remains in the car, show the victim died of smoke inhalation and heat ...
|
Motorcycle and Car Collide Leaving 2 Injured
Two people are injured after a motorcycle and car collided. The Barry County Sheriff's Department says the accident happened on North Jefferson Street and East Woodlawn Avenue around 10:25 a.m. Sunday.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
|
|