Zeeland, 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
| Zeeland, Michigan News |
Local Pastor Killed in Allegan County Van-Semi Crash
A crash on snowy roads is to blame for the death of Zeeland Twp. pastor. 37-year-old Rev.
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Pastor killed in Allegan County crash
As the congregation at Pine Creek Christian Reformed Church dwindled and eventually disbanded, its pastor, the Rev.
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Public hears options for Zeeland schools
When more than 200 people show up for a school board meeting, you know they're there for a reason.
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Building OK after small fire at Zeeland West
No one was hurt and the building appears not to be damaged, but Zeeland West High School students lost about 40 minutes of class time Wednesday morning when a clothes dryer started smoking.
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Roundabout approved at Zeeland intersection
Despite objections from some residents, the city is moving ahead with plans to build a traffic roundabout.
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Zeeland City Council approves roundabout
Longtime Zeeland resident Larry Dykstra wasn't shy Monday when it came to his opinion about the city's proposed $493,000 roundabout.
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Man stabbed outside Holland Township bar
Authorities are investigating an incident that left a Zeeland man hospitalized after he was stabbed several times outside a Holland Township bar.
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Victim Stabbed in Bar Fight
Police say one man was stabbed after a fight outside a Holland bar. The Ottawa County Sheriff's Department were called to Shooters bar around 12:37 a.m. Sunday on the 100 block of Douglas Street.
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Zeeland elementary sees high rate of absentees due to "stomach issues"
A larger-than-normal batch of New Groningen Elementary third-graders were out today with "stomach issues," but administrators say they don't think the illnesses are linked to the recent health problems at Hope ...
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Case of missing body gets its day in court
An attorney representing relatives of the man whose body was mistakenly dumped in a Zeeland Township landfill in 2006 said he expects the legal case will move forward after almost three years of litigation.
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Raise a Glass: Zeeland marks one year since alcohol sales Ok'd
Glasses will be raised today in celebration of one year of alcohol sales in Zeeland.
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Rain gardens garner award
Two new rain gardens in Zeeland helped the city earn an award from the Macatawa Watershed Project this week.
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New Zeeland rec center greets visitors
The new 20,150-square-foot, $3.9 million Zeeland Community Recreation Center opened Monday at the east end of Cityside Middle School, 320 E. Main Ave.
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Helena (Deters) Boerman, 84
Helena Boerman, age 84 of Zeeland went to be with her Lord Friday, November 7, 2008.
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Meyer and Harkema
Trisha Lynn Meyer and Joseph Harkema were united in marriage on June 22, 2008, at Windmill Island.
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Zeeland leaders, residents go - round and - round about proposed traffic circle
Nearly a year after a traffic circle at Zeeland's "West Y" intersection was first proposed, the city council will decide whether to approve the $488,000 project at its next scheduled meeting Monday, Nov.
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Holiday shopping at Zeeland Hospital
The Service League of Zeeland Hospital is holding its annual Holiday Open House shopping event 7 a.m. to 6 p.m. Wednesday, Nov.
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Ottawa County voters to decide on Sunday beer, wine sales
Restaurant owners in Ottawa County know only too well the confused look they get from tourists who attempt to order beer or wine on Sundays only to be told they only can purchase a mixed drink.
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Hits & misses: Zeeland Architectural Concepts, automotive merger,...
Hit: Local company's work at inauguration One of the pleasures of working at The Sentinel is learning about companies you didn't even know existed, and then discovering that they make high-quality products that ...
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Zeeland company to dress up inauguration stage
Inside the walls of Zeeland Architectural Components sits a stack of mahogany destined for greatness -- at least once every four years.
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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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