Holland, 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
| Holland, Michigan News |
Suspect in Meijer gas station robbery waives hearing
A 20-year-old man who police said robbed a Meijer gas station armed with a baseball bat last month waived his preliminary exam Tuesday, Dec.
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Blackwater holding anti-piracy meetings
Private security contractor Blackwater Worldwide is meeting with shipping and insurance companies this week to describe what the company can do to protect vessels traveling through the volatile Gulf of Aden.
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No arrest made in Sunday shooting - police say incident not a random act
While police continued to search for suspects in a weekend shooting at a West 19th Street residence, Holland police Detective Al Rios said he wants to quell fears that the incident was a random act.
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Holland purchases HUD home for $1
The city of Holland will buy a home from the U.S. Department of Housing and Urban Development for $1 through the federal agency's Good Neighbor Program.
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Woman Shot in Holland
Police are investigating a Holland shooting. Authorites say shots were fired in the 300 block of W. 19th St.
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LETTER - Judgemental Holland residents have to be more tolerant
I've lived a long time in Michigan and out of state. When I married I moved to the Holland-Zeeland area in 1948.
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Home for the holidays: The Holland Garden Club gives holiday decorating ideas at annual home tour
The Holland Garden Club is providing a festive avenue to gather holiday decorating ideas - its annual holiday home tour.
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Fire tears through home
A home was badly damaged but a dog rescued during a house fire at 12061 New Holland St.
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Holland Post Office sets Friday hours
The Holland Post Office will be open for limited hours Friday, Nov. 28. The retail hours of the post office, 190 E. Eighth St., are 8:30 a.m. to 1 p.m. The lobby will remain open 24 hours.
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Holland to spend less than planned on replacement vehicles
The city will spend $200,000 less than planned on vehicle replacements. After a long economic debate, the Holland City Council asked staff to find vehicles that could wait another year or two before being ...
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Mom suspects son's bipolarity a factor in gas station robbery
No one knows what was going through 20-year-old Derek Allen Rash's mind when he walked into a Meijer gas station last week armed with a baseball bat, threatened customers and employees and smashed a cash ...
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Battered In Holland, Bad Guy Threatens Customers, Smashes Cash Register With Bat
A 20-year old Holland area man swinging a baseball bat ordered people inside a Meijer gas station to lie on the floor, late Thursday night, while he smashed open a cash register and took all of the money ...
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Holland Approves Beer And Wine On Sundays, Packaged Liquor Could Be Next
Let the beer and wine flow this Sunday in the city of Holland. City Council members lifted the ban on that at their meeting Wednesday night, following the lead of Ottawa County voters who okayed the "Say Yes To ...
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SAF-Holland announces job cuts
Holland announced staff reductions Thursday, having reduced its workforce by about 90 salaried and 75 hourly workers throughout the company's 12 North American facilities.
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Police arrest man armed with baseball bat after Meijer robbery
Police late Thursday arrested a man armed with a baseball bat who robbed customers in a Meijer gas station and planned to hit the main store next.
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Beer run: Holland City Council approves emergency alcohol ordinance
Suds will be on tap at Holland restaurants this Sunday, Nov. 23. The Holland City Council passed an emergency ordinance Wednesday, Nov.
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Building OK after small fire at Zeeland West
No one was hurt and the building appears not to be damaged, but Zeeland West High School students lost about 40 minutes of class time Wednesday morning when a clothes dryer started smoking.
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Three Holland businesses busted for selling alcohol to a minor
The Holland Police Department says three city businesses sold alcohol to a minor during a sting operation Tuesday.
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Norovirus Blamed For Hope College Outbreak
The Ottawa County Health Department has confirmed that a norovirus caused a recent illness outbreak at Hope College.
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Holland to consider allowing Sunday alcohol sales
Now that Ottawa County voters have lifted a long-standing ban on the Sunday sale of beer and wine, city officials are looking at reversing a similar moratorium.
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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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"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
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