Ida, 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
| Ida, Michigan News |
Ida man saves energy with solar heater
There's been a lot of talk lately about alternative engergy and about saving money.
|
Man arrested on extortion charges in Ida Twp.
Monday, October 13, 2008 at 10:37 a.m. Police in Michigan have arrested a man believed to have stolen over $40,00 worth of equipment from a home in Ida Township.
|
Local team preparing again for Walk Now for Autism
Every 20 minutes a child is diagnosed with autism, making nearly 1 in 150 children autistic.
|
Fundraiser thief, Seger, learns sentence
An Ida, Michigan woman who confessed she stole from a fallen soldier's fund has now learned her sentence.
|
Woman sentenced in theft from dead MI soldier fund
A 42-year-old woman who authorities say embezzled more than $4,000 from a college scholarship fund founded in honor of a U.S. soldier killed in Iraq has been sentenced to 9 months in prison.
|
Dr Manbir Singh & Wife Get E-Commerce Award
Dr Manbir Singh and his wife Taran Kaur were invited to Ida - Michigan to receive an award by the E commerce International franchise business Quixtar.
|
Romney abortion stand gives pause
Not all Michigan Republicans are thrilled that Mitt Romney could be the vice presidential running mate John McCain names in his expected announcement Friday.
|
Old World Bakery settles into its new location in Ypsilanti
Old World Bakery owner Tim Edinger peers through one of his cooling racks at a pair of Ann Arbor Style Cheesecakes on Tuesday morning at the bakery in downtown Ypsilanti.
|
Safety board: Signs factor in Atlanta bus crash
Investigators for the National Transportation Safety Board say confusing highway signs, driver error and a lack of passenger safety features contributed to the deaths of five college baseball players in an ...
|
Monroe recycling drop-off site changed
A RecycleNOW drop-off site has been relocated from Foodtown to Kroger, 850 S. Monroe St., Monroe.
|
Rauch Rd. work may be close to reality
Could a fix be in for part of Rauch Rd.? That's the hope of Bedford and Ida townships and some county officials who have tried for years to fix one of the worst roads in Monroe County.
|
Restaurant review: Carl's Hide-A-Way ***
Mexican food's worth the drive The main drag of Ida, Mich., a sleepy village of around 5,000 souls, is Lewis Avenue, which begins at Sylvania and Phillips avenues in West Toledo and threads north to the ... via Toledo Blade
|
Bus crash survivor from Ida, Mich., to throw first pitch
A former Bluffton University baseball player who was critically injured in the team's bus crash a year ago is set to throw out the first pitch before the team takes the field. via Oakland Press
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|