Afton, WI Divorce Buyout in Wisconsin
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Wisconsin, 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 WI
| Afton, Wisconsin News |
Operation Ooh-Rah
Beloit mother plans fundraiser for U.S. Marines AFTON - Operation Ooh-Rah will be in full swing 2 - 9 p.m. Saturday at the Afton Pub and Park.
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Two Injured In Motorcycle Accident-Rock County
Two people are injured in a motorcycle accident in Rock County early Monday morning.
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From Daily News files 100, 50, 25 and 10 years ago July 29, 1908 - J.W. Killey, a fairier, kept right on shoeing a horse while a fire burned through the roof of the Huggins Third Street blacksmith shop where ...
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Damage estimates rise with water
Severe storms and flooding have caused problems locally and statewide. If you have been affected, we want your photos.
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The Brewers' bullpen held on in a 5-4 victory over the reeling Toronto Blue Jays on Wednesday night.
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Some along Rock River urged to evacuate
The Rock County Sheriff's Office has recommended that those who live in low-lying areas along the Rock River evacuate.
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Flood of '08: Sandbaggers work to save Jefferson buildings
As the Rock and Crawfish rivers rose steadily in Jefferson Saturday, swamping some homes and businesses and threatening others, crews of volunteers fanned out over the city to fill and stack sandbags.
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Rock County Evacuation and Flood Preparedness
Currently, the flood conditions within Rock County are as follow: Water levels are being reported at the following locations: -Rock River in Newville: Water level is at 14.22 feet with flood stage at 10 feet.
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Public record for June 9, 2008
SANDRO P. CERVANTES, 30, of 619 Court St. No. 2, Janesville, at 7:21 p.m. Friday at the Rock County Jail.
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Some roads here closed by floods
The Stateline Area still is dealing with the aftermath of this weekend's storms that caused flooding and damage.
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Flood watch, warnings issued for this area
A flood watch continues for the Rock River at Newville from early Wednesday morning until further notice, according to the National Weather Service.
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County board could add three to Hall of Fame
"He was a man who cared deeply for Beloit, Janesville and the stateline area. This can be seen in the numerous buildings he has brought back from ruin. It can be seen in the thousands of jobs he has created." The 2008 candidates are Ken Hendricks, Hugo Henry and Ruth Ann Montgomery. Ken Hendricks Former businessman Ken Hendricks, Afton, used his talents to breath life into buildings and the workforce of the ... via The Janesville Gazette - Janesville, ...
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Rock River near record levels at Newville
Rock County Emergency Management is making thousands of sandbags and sand available along the Rock River where the water has risen above flood stage. via WBAY
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Rock River Flooding Preparedness - Rock County Officials preparing for anything
At the direction of Sheriff Spoden, the Rock County Sheriff's Office is working cooperatively with Rock County Emergency Management, County Administration and the Highway Department to deal with the Flood ... via WKOW
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Rock Co. Flooding
Minor flooding is beginning to occur along the Rock River. In Rock County, the river is above flood stage in both Indianford and Afton. via WMTV Madison
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Flooding threatens Rock County
Rock County Sheriff's deputies were doing hourly checks of low-lying areas Thursday night as the Rock River began to exceed its flood stage. via Wisconsin State Journal
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Agencies prepare for flooding
"We haven't had any serious issues yet" Ken Jacobs of Footville checks out the water level at the Rock River Parkway boat launch along Afton Road on Monday. via The Janesville Gazette - Janesville, ...
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Rains raise flood fears
"I know there's been some flooding in the low areas of Riverside Park." But now we've got new problems. The National Weather Service in Sullivan has issued both a flood warning and flood watch for south central Wisconsin. via The Janesville Gazette - Janesville, ...
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Flooding Rivers Threaten Jefferson, Kenosha Counties
"This is about the highest it's been since I've lived here in three years" Ryan Huber knew what he was getting into when bought a house along the Rock River. via Today's TMJ4
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Snow Melt, Rain Expected To Cause Some Rivers To Flood
Snow melt and rain in the forecast are causing the National Weather Service to issue flood warnings for some rivers in the state. via Channel 3000
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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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