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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Three Rivers, 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
| Three Rivers, Michigan News |
Investigators, victim's daughter ask for help cracking Three Rivers cold case
Investigators in St. Joseph County, Michigan hope you can help them solve a 20-year-old murder case that stunned the small town of Three Rivers.
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Your Opinions
Eat healthy this holiday season It's winter and the season for holiday celebrations, football playoffs and other occasions for family and friends to get together over meals.
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Three Rivers Chamber seeking names of shut-ins
The Three Rivers Chamber of Commerce is seeking names of shut-ins and citizens who do not drive so they can deliver a Christmas dinner to them on Sunday, Dec.
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adopt-sibs-1.jpg
It's been said that the stork brings babies, but 19-year-old Elizabeth Evans knows where children really come from: the navy blue DHS car.
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Post-Thanksgiving sales emphasize toys, decorations
Come Thursday, the turkey on the dining room table might be overstuffed, but local auctions will stay on the slim side for the next few weeks as area houses offer a menu of lighter sales -- with an emphasis on ...
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Olivet College to host holiday choral concert
OLIVET - Olivet College will present its annual holiday choral concert, "Make We Joy!" Sunday, Nov.
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Pure-Stock Shootout Part VI - Pontiac Pavement Pounders
Battle Of The H.O.S: 350 Vs. 455 With installment number six, we have reached the final Pure Stock Shootout of our series.
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Road closed after combine crashes into swamp
St. Joseph County dispatchers say that a major road near Three Rivers was closed late Thursday morning.
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Meth lab found in Three Rivers apartment
A case of mutual domestic assault led police to a methamphetamine lab in a Three Rivers apartment Tuesday.
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Month's offerings promise to be memorable
The true highlight among this round of local sales is a Tiffany Studios hanging dome that is expected to turn on some high wattage bidding at Constantine & Mayer Constantine & Mayer It's another "November to ...
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Balk elected sheriff in St. Joseph County
Republican Brad Balk will serve in the same capacity as his father did 20 year ago -- as sheriff of St.
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A third attempt awaits Tuesday to gain financial support for Lockport Township's portion of a new fire station it would share as a member of the Lockport-Fabius-Park Fire Department.
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Events happening in southwestern Michigan
Representatives from the Kalamazoo County Treasurer's Office and Legal Aid of Western Michigan are providing information about the mortage/tax foreclosure process and debt collection.
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Two vie for seat in Michigan House
Two candidates have their eyes on the 59th District seat in the State House of Representatives.
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Get out for a drive through autumnal splendor
After a short sabbatical, The Elkhart Truth is bringing back its annual color tour.
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Sign vandals heat up presidential election
With Election Day 2008 getting closer, things are getting a bit nasty at times. When Jim Spreitzer opened his door in Allegan, he found his Obama-Biden sign burning in his yard.
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Police and Fire Report
GUNS FOUND: Battle Creek police found two long guns behind a house at 27 N. Wabash Ave.
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Political-conversation.jpg
A Candidate Conversation Saturday afternoon in Three Rivers might have attracted a sparse crowd but had lots to offer to voters Saturday afternoon.
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Election Forums Planned
Below is a list of upcoming political debates and forums involving local candidates and ballot issues in the Nov.
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Local artwork will be highlighted at upcoming sales
Local artwork by Malcolm Parcell and A.F. King frames a series of serious sales in the city and points north and south.
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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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