Howell, 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
| Howell, Michigan News |
Howell-area roadwork: South Michigan Ave., M-59 projects transform drivers' view of Howell
Anyone who regularly drives around Howell is surely giving thanks that two huge road projects are completed, save for some lighting and decorative touches.
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MDOT shortfall might delay I-96 interchange project
HOWELL - The long-awaited interchange at Latson Road and Interstate 96, which had been slated for construction in 2010, could be delayed due to expected shortfalls in the Michigan Department of Transportation's ...
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Art lover's passion serves Opera House
For the last seven years, Sharon Fisher has been the manager and backbone of The Opera House in downtown Howell.
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Man faces charges in attack on World War II veteran
HOWELL - A suspect in the Oct. 29 beating of a World War II veteran from Genoa Township was apprehended Tuesday afternoon in Nebraska, according to Livingston County Prosecutor David Morse.
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Fantasy of Lights set to shine in Howell
Shop all day - watch the parade at night. The traditional kickoff to the holiday season in Howell takes to the streets Friday in the the 25th annual Fantasy of Lights Parade.
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Forum on tap for Howell street project
Howell residents who still have lingering questions about the city's upcoming multiyear street program, or have just a natural curiosity as to what is included early on, will have a chance next month to meet ...
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Nativity scenes on display at Howell church
More than 400 nativity scenes will be on display from Dec. 5-8, as the Church of Jesus Chris of Latter-day Saints in Howell presents its annual Nativity Exhibit.
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Fantasy of Lights spectacle is Friday
The traditional kickoff to the holiday season in Howell takes to the streets Friday - the 25th annual Fantasy of Lights Parade.
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Howell appealing boat launch restriction
Determined to keep a $25,000 boat launch grant it received in 2005 from the Michigan Department of Natural Resources, Howell is appealing a provision that could rescind the offer.
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Court Docket: Assault hearing waived
A Hamburg Township man accused of striking his wife with a blunt object waived a preliminary hearing Wednesday, sending his case to Circuit Court for trial.
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Detroit man faces charges after chase
Livingston County sheriff's deputies arrested a 21-year-old Detroit man Friday morning after a nearly 20-mile chase between Howell and Handy townships.
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Police chase takes deputies through Howell, Fowlerville
Livingston County sheriff's deputies arrested a 21-year-old Detroit male Friday morning after a nearly 20-mile, high-speed chase between Howell and Fowlerville.
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Howell stores positioned as holidays near Owners say downtown...
The holiday season is upon us, and smart downtown retailers in a down economy will survive the crunch.
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Kiwanis look to revive Howell chapter
Organizers attempting to revive the Kiwanis Club of Howell said they are still about five members short of meeting the minimum 25 required to charter a club.
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It's a wonderful show in Howell
The Community Theatre of Howell's production of 'It's A Wonderful Life: The Musical' is wonderful! My husband, myself and another couple attended the Saturday-afternoon performance and were thoroughly ...
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Fire destroys Hartland home
The lone occupant of a home in a Hartland Township subdivision escaped injury while an early morning fire destroyed the house.
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After a run-through and several aborted takes, the crew of the movie
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Black ice blamed for rash of spinouts between Brighton, Howell
Emergency responders are responding to a rash of spinouts along Interstate 96 between the Grand River Avenue exit in Brighton and Howell.
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Officers seek warrants for nine sex offenders
Officers from the Brighton post of the Michigan State Police are seeking warrants for nine registered sex offenders whose residence could not be verified in a recent effort to target those violating the ...
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Howell board OKs school district plan
Reorganization aims to save money Friday, November 14, 2008 The Howell school board has adopted a plan proposed by Superintendent Ted Gardella to make the school district's administrative team more effective ...
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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