IN Divorce Buyout in Indiana
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 Indiana, 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 our divorce buyout page
Call for COMPLETE details NOW!
(800) 675-9783
| Indiana News |
Indiana Couple Among 'Everyday Americans' Invited By Obama
An Indiana couple is among a group of "everyday Americans" invited by President-elect Obama on a Whistle Stop Tour to the nation's capital on the Saturday before Inauguration Day.
|
Queen Latifah hosts the 35th annual People's Choice Awards live Jan. 7, 2009, on CBS.
Jan 7, 2009 9:37 am US/Eastern LOS ANGELES Which is your favorite: A hero in hi-tech armor, a hero in a black cowl, or a hero in a dusty hat? "Iron Man," "The Dark Knight" and "Indiana Jones and the Kingdom of ...
|
Man Pleads Guilty to Selling Diabetes Test Strips
A northern Indiana recycling company owner has pleaded guilty to selling defective diabetic glucose test strips, many of which were voluntarily recalled by the manufacturer because they were defective.
|
Prosecutor Denies Alleged Misconduct
Madison County Prosecutor Thomas J. Broderick Jr. denies that he committed misconduct when he got a criminal charge dismissed against his son before he took office.
|
Push to expand Sunday alcohol sales put on hold
A group has decided to delay its effort at persuading legislators to change the state's long-standing ban on Sunday alcohol sales at drug, grocery and convenience stores.
|
Governor proposes "tame" budget
Calling his proposal a oetame,a Indiana Governor Mitch Daniels today outlined his budget plans for the next two years.
|
Icy roadways cause hazards for Indiana drivers
Icy roads are causing numerous slide-off accidents in southern and central Indiana.
|
Medical Helicopter Makes Emergency Landing in Western Indiana Parking Lot
Police say no one was injured when a medical helicopter made an emergency landing about 11 miles south of Lafayette.
|
Obama nominates Indiana professor for Justice post
President-elect Barack Obama wants the dean at his alma mater, Harvard Law School, to represent the United States before the Supreme Court, and he also has picked an Indiana professor for a top Justice ...
|
Repairs to Indiana Guard base to stretch into 2010
Tornado and flooding damage last year at the Indiana National Guard's Camp Atterbury has resulted in $50 million in repair and construction plans, with officials saying work could continue into 2010.
|
Red River Hanover to stand at Perretti's new Indiana post
Red River Hanover will be standing at stud in 2009 at Perretti Farms of Indiana, a virtual stone toss from Indiana Downs.
|
Poll: Hoosiers back taxes for better schools
A new poll has found that Indiana residents are willing to pay higher taxes to finance improvements they'd like state government to carry out.
|
Wireless Phone Users in Fountain and Montgomery Counties, Indiana,...
Verizon Wireless Activates 15 New Cell Sites, Expands Coverage along Interstate 74 INDIANAPOLIS, Dec.
|
FAA: Two dead in crash of small plane from Indiana
Two people have died after a small plane crashed Saturday in Grainger County, the Federal Aviation Administration said.
|
Bloomington rally targets Gaza incursion
About 30 people gathered outside the Monroe County Courthouse over the weekend to protest the Israeli army's incursion into the Gaza Strip.
|
Indiana Veterans' Home gets new superintendent
The Indiana Veterans' Home has a new full-time superintendent and he already has his hands full.
|
Push to expand Sunday alcohol sales stalls
INDIANAPOLIS -- A group has decided to delay its effort at persuading legislators to change the state's long-standing ban on Sunday alcohol sales at drug, grocery and convenience stores.
|
Indiana Gov. Daniels talks economics, priorities
During the last four years, Indiana Gov. Mitch Daniels has had a hand in leasing the Indiana toll road, funding millions in road projects and balancing the budget.
|
IDHS encourages fireworks safety
New Year's Eve is the second most common holiday for fireworks. The Indiana Department of Homeland Security Fire & Building Safety division urges Hoosier to play it safe when using fireworks to ring in the new ...
|
Judge orders adult bookstore closed
Tuesday's order came after Spencer Circuit Judge Wayne A. Roells found 231 Adult Plaza in contempt of court for violating a permanent injunction, the Evansville Courier & Press reported Thursday.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|