Howard City, 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
| Howard City, Michigan News |
Music's back at restored Howard City church
Raised in a family with roots in West Virginia's coal country, Terri Grannis has adored bluegrass music almost from birth.
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Rally joins national protest of same-sex marriage ban
Amber Horst says her two best friends are homosexual, and should have the same rights that she enjoys.
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Viewer comments from the polls
I just moved down here from Howard City in September. Our voting up there was so easy and it was very well organized, well here in Grand Rapids, the poll was very unorganized.
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State prison official says GOP misled voters
Republican leaders lined up Friday behind a man whose parents were slain in a robbery, allegedly by two men recently released from prison.
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Murdered couple become part of political battle
A murdered West Michigan couple have become part of a political battle with just days left until the election.
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Ivan J. Cederquist
Ivan J. Cederquist, 81 of Shelby, formerly of Howard City, entered heaven's gates Wednesday, Oct.
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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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Sheriffa s department responds to fatal crash on M-55
Missaukee County Sheriff's Deputies and other first response agencies work on two cars involved in a crash Thursday on M-55 west of LaChance Road in Missaukee.
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Police, witnesses testify about final hours of Howard City couple who were murdered
Timothy Dawson murder trial Day 1: Live blog recap Day 2: Live blog recap Full coverage 'Zeke' Ramirez Audio slideshow Listen to analysis Listen to podcast Watch debate Live chat recap: Meijer planning ...
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Howard City murder suspects going to trial
Two men accused of robbing, kidnapping and then killing a Howard City couple are going to trial.
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Six homicides, two West Michigan communities ask: Why?
Flowers and pictures help make up a memorial outside the house in Wright where four people were killed before a fire was set.
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Two men held in connection with Kent Co. murder
2 8-year old Timothy Stephan and 26-year old Bobby Fisk are expected to be charged Wednesday in connection with the double murder.
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Montcalm County Parolees Arraigned For Bean Murders
Two parolees arrested Monday have been ordered held without bond and face 9 counts each for the shooting deaths of a Howard City couple kidnapped to Kent County's Oakfield Township.
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Facing charges in double homicide
Two men face formal charges Wednesday for a double homicide in Kent County. Deputies found Robert and Norma Bean shot to death Monday morning at a gravel pit near Greenville.
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Pair arraigned in Howard City murders
Two men were arraigned Wednesday for the shooting death of a Howard City couple Monday.
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2 men charged in slaying of Howard City couple
Two men have been charged in the abduction and slaying of a western Michigan couple.
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Identity of murdered couple
A relative of the couple has told Newschannel 3 that Norma and Robert Bean of Howard City are the victims of the double homicide in Oakfield Township.
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Slain Howard City couple helped others
Pamela Bean heard at least two gunshots outside her rural home early Monday, but thought little of it.
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Resurfacing project to begin on US-131 in Montcalm County on Sept. 2
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Township sees gain in power of poop
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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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