Indian River, 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
| Indian River, Michigan News |
Cases heard recently in Emmet County District Court
The following cases were heard recently in Emmet County's 90th District Court: - Kaitlyn Kristine Grubaugh, 17, of Petoskey; minor in possession of alcohol; six months probation; pay $200 in fines and costs - ...
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Area open houses, Santa visits and parades
Area towns are welcoming the holiday season with open houses, Santa visits and parades.
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Marshall Fredericks -- the Spirit of Detroit
The island's grandiose Scott Fountain attracts much attention, but Fredericks' more humble work, named The Levi L. Barbour Memorial, inspires visitors to pose with the beautiful beast.
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Tea Table Listing Updated
A son, Ashton Josiah Friske, was born to Nathan and Kayla Friske of Indian River at 4:15 p.m. Sept.
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Tea Table Listing Updated
A daughter, Faith Anna Olson, was born to Tony and Ann Olson of Vanderbilt at 7:41 a.m. on Sept.
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Tea Table Listing Updated
A daughter, Bernadine Christine Costa, was born to Ann Costa and Keith Kiogima of Petoskey at 8:53 a.m. on Sept.
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9/20 - Coast Guard Helps rescue Missing Hunter in Cheboygan County
Hide Video Coast Guard Air station Traverse City was involved in rescuing a lost hunter Saturday morning in cheboygan county.
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Students Learn on Aboard Tall Ship In Lake Huron
Students from Inland Lakes Schools in Indian River went back in time today, sailing on a 19th Century Great Lakes schooner.
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Tea Table Listing Updated
A son, Jude Matthew, was born to Matt and Angela Stahl of Indian River on Sept. 4, 2008, at Northern Michigan Regional Hospital.
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Tea Table Listing Updated
Births A son, D'angelo Marcus Vallance , was born to John and Mellissa Vallance of Cheboygan on Aug.
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Tea Table Listing Updated
Birth A son, Preston Eli Fisher, was born to Tonya Vincent and Eli Fisher of Harbor Springs on July 23, 2008, at Cheboygan Memorial Hospital.
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Religion News Updated
Indian River Baptist Church INDIAN RIVER - Tim Zimmerman and The King's Brass will be appearing in concert at Indian River Baptist Church, 6214 Hemlock St, Indian River, at 7:30 p.m. Friday, Aug.
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Entertainment Calendar Updated
Ongoing events Farm market - Petoskey's farm market is 8:30 a.m.-1 p.m. Fridays through September on Howard Street, between Julienne Tomatoes and J.C. Penney.
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Entertainment Calendar Updated
Ongoing events Farm market - Petoskey's farm market is 8:30 a.m.-1 p.m. Fridays through September on Howard Street, between Julienne Tomatoes and J.C. Penney.
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Entertainment Calendar Updated
Ongoing events Farm market - Petoskey's farm market is 8:30 a.m.-1 p.m. Fridays through September on Howard Street, between Julienne Tomatoes and J.C. Penney.
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Christian shrine needs repair
INDIAN RIVER, Mich. - A local priest says northern Lower Michigan's Cross in the Woods needs hundreds of thousands of dollars in repairs for wood rot.
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Vacant motel destroyed by weekend fire
Investigators are trying to determine what caused a weekend fire that destroyed a Cheboygan county motel.
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DNR Hosts Open Houses in Gaylord Forest Management Unit July 8-9
The Department of Natural Resources will host open houses on Tuesday, July 8, and Wednesday, July 9, to provide information and receive public comment on proposed forest management treatments for 2010 in the ...
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Week In Review:
Authorities charged a Mancelona Township man with multiple counts of criminal sexual conduct after allegations surfaced in a separate sex crime investigation.
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Michigan officials might OK hunting of albino deer
INDIAN RIVER - Michigan wildlife officials may drop a rule that forbids killing albino deer, partly because of a legal squabble with a Michigan man who shot a mostly white deer four years ago.
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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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