|
|
Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
|
|
|
Mancelona, 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
| Mancelona, Michigan News |
Plow drivers working to keep roads clear
Northern Michigan is being covered with lake effect snow - up to a foot or more in some areas - and that is making for a big job for area road commissions.
|
11/20 - Let it Snow
Wind, cold temperatures in the 20s with wind chills in the teens with occasional lake effect snow will be the story today.
|
Hunters share 'thrill of the hunt,' deer camp tales
The first day of firearm season is more than a date that comes but once a year. Nov. 15 is shrouded in preparation and tradition, and for some hunters it is accompanied with the same anticipation that children ...
|
Northern People: Helping veterans
David Frazier hasn't forgotten what it was like when he returned from Vietnam in 1972.
|
Trick or treating for charity
A family discussion around the dinner table turns into a charitable event that will help some area food pantries stock their shelves.
|
Ascomnorth helps businesses communicate
Owners of one of the largest communications firms in northern Michigan are hopeful about the coming year, despite the lagging economy.
|
The need for school based health clinics
School based health clinics have been around the state for two decades, providing services for students.A In celebration of the facilities, school and health leaders held a conference at the Grand Traverse ...
|
Planned Kalkaska plant moves to Antrim
A biomass power plant intended for Kalkaska County is now headed to Antrim County.
|
Tea Table Listing Updated
A daughter, Caitlyn Lorene Burks , was born to Steven and Dawn Burks of East Jordan on Oct.
|
MDOT hosts public meetings on roads
Residents can learn about a $4.3 million road project at two open houses in Mancelona.
|
New development plans bring new hope for Mancelona
It's been a tough year to say the least for those in Mancelona where just this year several major employers have left town and hundreds of people are without a job.
|
Weekly is northern Michigan's largest weekly newspaper, distributed in 13 counties throughout the northwestern lower peninsula of Michigan
There's a single question that rises above all others in the minds of most Michigan voters this year: 'What would you do to improve Michigan's economy and the job outlook in Northern Michigan?' We posed that ...
|
Habitat For Humanity receives donations
Werth Development based out of Alpena is donating all of the old materials from the renovations it's making at Applewood Village and Hillside Terrace in East Jordan to the Habitat for Humanity Re-Store in ...
|
Man leads police on chase then crashes car
A Mancelona man was hospitalized after he crashed his car during an Antrim County police chase.
|
Concerns arise over proposed plants
Two renewable energy production concepts are in the works in Kalkaska County and some residents worry about their potential impacts, as well as a lack of public awareness.
|
Week In Reivew:
Police believe an elderly woman drowned in Torch Lake. Authorities found Georgena Marie Barnes' body in about 30 feet of water a few hundred yards off the west shore of the lake at about 12:10 p.m. last Sunday.
|
9/8 - Food Pantry Hopes to Open Emergency Shelter
One Northern Michigan Food Pantry is hoping to help more people in the future. They say, as the need grows in the area, the Community Lighthouse Food Pantry & Thrift Shop in Mancelona want to add an emergency ...
|
Police investigate supermarket paycheck scam
A tricky scam in the supermarket . Police say some thieves are cashing fake paychecks -- and getting away with it.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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.
|
|
|
|
|
|
© 2006 Somerset Investors Corp. All rights reserved. |