Iron 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
| Iron River, Michigan News |
St. Francis rolls into Football Semifinals
Traverse City St. Francis had no problems getting past Iron River West Iron County in the Division 7 Regional Finals tonight in Marquette.
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Video Glyph
Posted on Tuesday, November 11, 2008 at 9:08 a.m. Community support backs rodeo AA last ditch effort, they were able to raise over $17,000 through a radio-thon with the help of WIKB.
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Man pleads no contest to assault
A 24-year-old Iron River man pled no contest to assault with intent to do great bodily harm less than murder Monday afternoon.
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A head start on Christmas
From a smiling snowman to a bear family, there was a tree decorated for every personality at this year's Christmas Tree Galleria.
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Giving the rodeo another try
Although business is good, restaurant owner James Duda still relies on the U.P. Pro Championship Rodeo to attract new customers.
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No more rodeo?
The E.P. Pro Championship Rodeo is still on for now after residents spoke against ending the longstanding event Monday.
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Tonight on TV6 Tuesday
Here's a look at what we're working on for tonight's news. Tuesday, October 14, 2008 at 12:49 p.m. The investigation is underway in Houghton, as to why a dozen huge trusses collapsed yesterday injuring two ...
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Comment
Former Tecumseh resident David Burnor remembers his younger brother, Lee, as a fun loving kid who loved to play basketball.
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Child porn arrest
A 64-year-old Crystal Falls man has been arrested on child pornography charges. The man's name has not been released pending his arraignment.
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Returning favorites, new oddities dominate fall TV schedule
Although 14 new shows debut this fall, students are most looking forward to their favorite returning shows.
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Running for governor
She can't run for president, but she can run the Mackinac Bridge. And she runs it pretty well.
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Seven Michigan Properties Added to the National Register of Historic Places
Properties from Detroit to Iron River were among seven Michigan properties listed in the National Register of Historic Places during the month of July.
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Funerals held for shooting victims
Family and friends gathered together on Tuesday to pay their respects to 17-year old Tiffany Pohlson and 18-year old Anthony Spigarelli, who both died of gunshot wounds last Thursday after a gunman opened fire ...
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Northern People: The adventures of Anderson
As you travel through life, you can only hope to benefit from the knowledge and experience you've picked up along the way.
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Iron River celebrates the city's past
The City of Iron River is bringing the roaring 1920's back to life this weekend.
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Green workshop
Local environmental enthusiasts held a conference Wednesday in Iron River. They discussed ways to go green and increase their green while doing so.
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Costume ball ends celebration
Iron River had one last hurrah Sunday. The town ended their second annual "Rum Rebellion Days" with a costume ball at the Iron County Museum.
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Iron River celebrates the city's past
The City of Iron River is bringing the roaring 1920's back to life this weekend.
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Turn lane signs, pavement markings to be added to Iron River center left-turn lane
July 3, 2008 -- To assist with the adjustment of the new center left-turn lane on US-2 in Iron River, the Michigan Department of Transportation will add additional signs and pavement markings.
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Judge gives ex-Mich. man 33 years for child porn
The U.S. Justice Department says a former Upper Peninsula man has pleaded guilty to 37 child pornography charges and been sentenced to 33 years, 4 months in prison.
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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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