Higgins Lake, 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
| Higgins Lake, Michigan News |
Transportation Funding Task Force to meet Oct. 13 in Roscommon
WHAT: The Transportation Funding Task Force, a bi-partisan task force appointed by Gov.
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Just Fall Bits
Well it seems that fall is really here. After a truly beautiful summer day last Saturday - the little girls even took a dip in the chilly Au Sable River - the cooler fall temperatures have arrived.
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South Higgins Lake State Park Presents 'Higgins Harvest Festival' Oct. 3-5
South Higgins Lake State Park will host a fall harvest festival the weekend of Oct.
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Elmer E. Barker
Elmer E. Barker became part of our lives on Jan. 28, 1920, the third child born to Louis and MaryAnn Barker in Westphalia, Mich.
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You Told Us: Obama supporters praise his speech
Supporters of Barrack Obama loved his speech, but some readers reminded us that he is indeed a politician, and the key will be see what he does.
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Bargains on the auction block
Michigan's rough economy and oversupply of homes has created the backdrop for a September auction of nearly 400 new homes and lots owned by 20 local builders and developers.
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Freeland man drowns in Higgins Lake
A 32-year-old Freeland man drowned Friday evening on Roscommon County's Higgins Lake.
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You Told Us: Obama supporters praise his speech
Supporters of Barrack Obama loved his speech, but some readers reminded us that he is indeed a politician, and the key will be see what he does.
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Dakers
Karlis and Janet Dakers of Higgins Lake, formerly of St. Johns, will celebrate their 50th wedding anniversary Aug.
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Dakers
Karlis and Janet Dakers of Higgins Lake, formerly of St. Johns, will celebrate their 50th wedding anniversary Aug.
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Pie-in-the-sky Gaylord theme park
Some facts about the proposed pie-in-the-sky Grayling theme park: - In June 2006, Axiom Entertainment of Rochester signed a 12-month letter of intent to purchase 1,800 acres of state-owned land, located south ...
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7/27 - Patrols Looking Out for Boaters
Warm weather equals more weekends on the water for boaters. The Roscommon County Sheriff's Department has boat patrols out every day on both Houghton and Higgins Lake.
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7/27 - Patrols Looking Out for Boaters
Warm weather equals more weekends on the water for boaters. The Roscommon County Sheriff's Department has boat patrols out every day on both Houghton and Higgins Lake.
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Teens feel the squeeze
Michael J. Shepherd remembers when filling the tank of his 1992 Grand Prix was an afterthought, a task given as much consideration as ordering a Coke at the McDonald's drive-through. It's a far different scene ...
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14-year-old has high hopes for return of Pigeon River habitat
Editor's note: Austin Alexander is a 14-year-old Howell resident who for the past several years has been flyfishing the Pigeon River with John Walters, a family friend and president of the Headwaters Chapter of ...
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Teens feel the squeeze
Michael J. Shepherd remembers when filling the tank of his 1992 Grand Prix was an afterthought, a task given as much consideration as ordering a Coke at the McDonald's drive-through. It's a far different scene ...
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Programs on the Civilian Conservation Corps Planned for North Higgins Lake and Young State Parks
The Department of Natural Resources announced that two programs celebrating the history of the Civilian Conservation Corps in Michigan will be presented at two state parks this summer.
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4th Of July Crackdown On South Higgins Lake
Police picked a northern Michigan state park to be a focus of added patrols this 4th of July.
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Police trying to stop underage drinking
Friday, July 04, 2008 at 6:00 p.m. "It's some place we've always come to. It's a beautiful lake." Fred Berry has spent many summers at Higgins Lake in Roscommon County.
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State workers: Thank God It's Thursday
As fuel and energy costs continue to soar to record highs, a growing number of states are offering more of their public employees compressed workweeks to hold down states' energy spending and give long-distance ...
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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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