Plainwell, 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
| Plainwell, Michigan News |
Report on fired coaches released
Wednesday, November 19, 2008 4:45 PM EST Former coach Travis Reardon speaks at the Monday, Nov.
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Plainwell plans to improve test scores
Plainwell High School officials recently spoke to the school board about how they plan to prepare the next crop of students to the take the Michigan Merit Exam better.
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Probe of Plainwell High School wrestling program finds coaches knew suits were used
An independent investigator has concluded that two fired Plainwell wrestling coaches knew that some wrestlers used banned plastic suits last season to lose weight, according to a report that was released ...
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`Julie, that's the shot'Teen gets a doe as hunters see busy opening day of deer season
Ron Dolegowski has taken six deer with his old 20-gauge shotgun over the years. On Saturday, it was his daughter Julie's turn.
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Plainwell man sought in torture of 83-year-old
Authorities are seeking a 32-year-old Plainwell man accused of savagely beating an 83-year-old man during a robbery in his southeastern Michigan home last month.
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Plainwell teachers get $11,415 in mini-grants
Most of the recipients of the Plainwell Education Foundation's educational mini-grants pose at the Plainwell school board's meeting, Monday, Nov.
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Plainwell approves bids, amends code
Plainwell city council members approved two bids at their regular meeting Monday, Nov.
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Oversiel Twp. loses longtime supervisor to retirement
After 40 years of service to the community, Overisel Township Supervisor Marv Brower is retiring.
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$1.96 gas in Plainwell
Gas prices continue to drop across West Michigan. The lowest prices can be found in the Plainwell area.
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Attack ads' role debated in Allegan judge ouster
In the judicial world, ousting a sitting judge at the polls seldom is successful.
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Plainwell students hold mock election
Wednesday, November 5, 2008 4:53 PM EST Plainwell High School students participated in the democratic process with a mock election Tuesday, Nov.
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Allegan County: Longtime Clerk-Register Watts, Commissioner Thiele win re-election
Allegan County Clerk-Register of Deeds Joyce Watts won re-election Tuesday to a ninth term.
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Investigation continues into firing of Plainwell coaches
Parents square off in Plainwell over a controversy surrounding the high-school wrestling team.
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Play n Well Players present a Grand Junctiona
Pictured are cast members Brandon Reed, Jean Smalla, name withheld, Todd Spratt, Josh Bartels, Aprille Holovich, Zachary Tuttle, Brianna Garza and Becky Gorton.
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Mich. man gets life for killing wife's ex-husband
A 29-year-old Gobles man convicted of murdering his wife's ex-husband has received a mandatory prison sentence of life with no parole.
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Plainwell church celebrates 50th anniversary
The Rev. Terry L. Haughn poses in front of St. Stephen's Episcopal Church, 309 Union Street in Plainwell.
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Plainwell plans historic jail restoration
Plainwell City Council members were presented with an update of the historic jail restoration project Monday, Oct.
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Leaving It Up To The Legislature
A leadership vacuum is sucking the life out of Michigan and the lifeblood out of the state's business community.
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Two competing for prosecutor jobFour-year incumbent facing challenge
Being tough on crime is only part of the job of being the Kalamazoo County prosecutor.
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Pink Arrow Project raises $93,000
ADA/CASCADE: With the Nov. 4 general election close, Forest Hills Eastern High School students are getting involved.
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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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"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
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