Hubbardston, 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
| Hubbardston, Michigan News |
Family forever: Grandma, 3 children celebrate becoming 'real family'
Tiny Isaac Richardson stood behind the judge's bench Tuesday, barely tall enough to see over the top, his voice small and lost in the shuffle of people and paper.
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Free insulation demo is Nov. 26
LAINGSBURG - Carter Lumber is joining with Habitat for Humanity of Clinton County to host a demonstration of applied cellulose and spray foam insulation at 9 a.m. Wednesday, Nov.
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Letters on Election 2008
Voters are seeking accurate information about Proposal 2. As a constitutional amendment, Proposal 2 would prevent any future legal attempts to regulate or restrict live human embryo research.
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Blood drive to take place Oct. 21
The American Red Cross has scheduled a blood drive for Tuesday, Oct. 21, at the Portland Knights of Columbus Hall, 690 Maynard Road, Portland, from noon to 5:45 p.m. Blood donors must be at least 17 years old, ...
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County health dept. announces schedule for flu shot clinics
IONIA - The Ionia County Health Department has announced its flu shot clinic schedule for 2008.
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A Man and his Dog Killed by Driver
A man and his dog are dead after being hit by a car. Ionia County Sheriff's Office says Donald Schafer, 63, Hubbardston was riding his bike Saturday on the shoulder of Borden Road with his dog walking along ...
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Man and dog struck and killed in Ionia Co.
A Hubbardston man and his dog were killed Saturday when they were hit by a car on Borden Road in Ionia County.
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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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HIV-positive man wants polygraph
Pretrial and preliminary hearings have been postponed for a Crystal resident charged with having sex with multiple women and girls without telling them that he was HIV-positive. Gerald Ray Campbell Jr., 32, was ...
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Two new alleged victims of man with undisclosed AIDS are younger than 16
Two more potential victims of a man police say is having sex without telling his partners he has AIDS have come forward, but this time the alleged victims are younger than 16.
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wzzm13.com | Grand Rapids, MI | STD warning i...
The MidMichigan District Health Department is urging anyone who has had sexual contact with Gerald Campbell Jr.
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Montcalm County man faces charge of not disclosing HIV infection to sex partners
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More volunteers needed for Maple River watershed project
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Grand Rapids woman dies in Ionia County crash
A 37-year-old Grand Rapids woman was killed early today in a two-vehicle crash that left several others injured.
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Texas Hold-em event takes place June 29
A Texas hold-em tournament is scheduled for Sunday, June 29 25, from 5 to 10:30 p.m. at Hubbardston Community Center, 305 Russell St., Hubbardston, to benefit American Legion Post 182.
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Hubbardston library to host folk artist June 24
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Our towns: News from our local communities
A collection of old prescription and over-the-counter medications, also known as 'pharm waste,' will be from 9 a.m. to 1 p.m. June 28 at the Delhi Charter Township Recycling Center, located on Grovenburg Road ... via Lansing State Journal
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Our Towns - News from our local communities
Holocaust memorial service set for May 1 A Holocaust memorial service and program at Congregation Shaarey Zedek will feature pianist Marie-France Lefevbre and cellist Nathaniel Chaitkin. via Lansing State Journal
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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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