Algoma, WI Divorce Buyout in Wisconsin
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 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
| Algoma, Wisconsin News |
Algoma, Veolia reach contract agreement
The Algoma City Council improved a new five-year contract with Veolia Waste Services, its present provider, for pick-up of garbage and recyclables.
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Eggert Family Band at United Methodist Church
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Toys for Tots program hopes 15th year will be its best
Kewaunee County Sheriff Matt Joski fondly remembers the inaugural year of the local Toys for Tots program.
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Births for Nov. 26
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Column: '09 earn-a-buck not likely after big drop in kill
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Sheriff warns of scam
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NEWs in Northeastern Wisconsin
The Algoma School District was recently praised for having 'very good control of its energy usage' following a tour of the buildings by an energy management specialist.
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Editorial: Wanted: Candidates who can make a difference
It's a tough time to be an elected official. And it's a tough time to want to be a public official, too.
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Births for Nov. 19
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Algoma plans annual Christmas in the City for Dec. 6
Community Improvement of Algoma Main Street Program will be sponsoring Algoma's annual Christmas in the City on Saturday, Dec.
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Algoma School District praised on energy management, plans
The Algoma School District was recently praised for having "very good control of its energy usage" following a tour of the buildings by an energy management specialist.
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Elmer J. Vandertie
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TR Elks Lodge to host scholarship contest
The Two Rivers Elks Lodge No. 1380 will host the United States Constitution Scholarship Contest in Two Rivers, Kewaunee and Algoma.
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Citations available for public viewing
When a teacher at Kidz Kastle in Luxemburg inadvertently left a bottle of bubble solution on a classroom table in between activities, it did not go unnoticed by the state inspector who had dropped by for a ...
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Aiming for one-act success
Two parents supervised Algoma one-act play, Holka! Polka! By Lee Lawrenz * Kewaunee County News * November 12, 2008 It probably would have been a better story if the Algoma High School's one-act play, ...
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Algoma city notes: City to wait on Perry Street penalties
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Book fair in Algoma
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Police Release Photo of Suspected Credit Card Thief
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Check It Out
The Algoma Long Term Care Unit and Thrivent Financial will co-sponsor a fundraiser on Thursday, Nov.
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Farm Market Kitchen: Making things saucy
The Farm Market Kitchen has been hatching successful entrepreneurs from its Algoma incubator for several 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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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