Morley, 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
| Morley, Michigan News |
Recaptured Mecosta County jail fugitive arraigned
An ex-convict who spent time in prison for murder has been arraigned after escaping from a northern Michigan jail.
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Mecosta County Jail fugitive captured Sunday near Detroit
Authorities said an ex-con who served time for murder and is suspected of leading a group behind a string of break-ins was recaptured Sunday, four days after escaping from the Mecosta County Jail in Big Rapids.
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Big Rapids Getting Continual Going Over In Search For Good
They'll fix the purportedly impenetrable skylights later; for now Mecosta County law enforcers just want to bring Johnathan Good back into custody.
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Victims, neighbors fear Mecosta Co. Jail escapee
Mike Korpal knows firsthand just how dangerous jail escapee Jonathan Good is. Good, who escaped from the Mecosta County Jail earlier this week, was considered the ringleader of a group that broke into Korpal's ...
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Convicted murderer flees Mecosta County jail
An ex-con who served time for murder and now faces kidnapping and attempted murder charges has escaped from jail, fleeing in his underwear on a cold night, authorities said.
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Area musicians among top in state
One Manistee student and three Ludington High School students made Michigan All-State High School Band, competing against hundreds of musicians to earn positions to play at the Michigan Music Conference Jan.
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Morley neighbors 'making progress'
Residents who live near the former Morley Elementary School are not giving up their fight to turn the closed building into a community cultural center.
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Residents seek community center at old Morley school
A handful of residents, including a retired teacher at the shuttered Morley Elementary School, want to kick-start efforts with Saginaw School District leaders to reopen the structure as a community cultural ...
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New bachelor's degree through WSCC
Ferris State University and West Shore Community College will combine to launch a new bachelor's degree program in early childhood education in January 2009.
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11/5 - Teenage Girl attacked on White pine Trail in Mecosta County
A 16 year old girl was hospitalized in Big Rapids, after she was attacked by two males Tuesday night on the Whitepine Trail in the village of Morley in Mecosta County.
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Suspects sought in White Pine Trail attack
A teen-ager reported she was assaulted Tuesday night while walking along the White Pine Trail in the village of Morley, sheriff's deputies said this morning.
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10/23 - Teenager girl says a man tried to kidnap her
Police are on the lookout for a man they say tried to kidnap a 15 year-old girl in southern Mecosta County.
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Suspect sought in attempted abduction
The Michigan State Police are looking for a man who attempted to abduct a 15-year-old female around 6:45 p.m. on Oct.
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10/18 - Van Hits ATV in Mecosta County
Hide Video A van hit a Morley teenager riding an ATV, and he went to the hospital.
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Driver helps bicyclist after hitting him
A driver crashed into a bicyclist and then helped the rider after the accident. It was around 7 a.m. Wednesday when the incident occurred on Northland Drive north of Lincoln Road near Stanwood.
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Two Men Arrested For Breaking In To Mecosta County Home
Hide Video Police arrested two men they say broke into a Mecosta County house. They say a 20-year-old Morley man and 21-year-old Big Rapids man forced their way into the home in Deerfield Township, and then ...
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Classmates memorialize slain Saginaw High School athlete with scholarship
It was the start of a new year. Daniel D. Smothers, an honors student and star football player at Saginaw High School, was looking forward to graduation and college.
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Morley/Stanwood Elementary welcome a dozen sets of twins at the start of the school year.
In today's Back to School report, we head to Morley elementary school near Big Rapids.
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Morley attempted murder sentencing
Monday, July 28, 2008 at 5:36 a.m. A man connected with the attempted murder of a Mecosta County couple is scheduled to be in court Monday to hear his sentence.
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Quilt show opens Damascus Bicentennial weekend events
The Damascus Bicentennial celebration started Friday with a quilt show at the Damascus Methodist Church.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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