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Arkansaw, 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
| Arkansaw, Wisconsin News |
More consumers are purchasing organic meat
Customer Susan Mitchell of Pepin left the store at Midvalleyvu Family Farm with maple syrup and popcorn in hand.
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More consumers are purchasing organic meat
Customer Susan Mitchell of Pepin left the store at Midvalleyvu Family Farm with maple syrup and popcorn in hand.
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Workshop helps kids with showing animals
Jordin McMahon took her calf from the barn to the water spouts Tuesday near the cattle show ring at the Pepin County Junior Fair.
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Dean's List
The following students from west-central Wisconsin have been named to the dean's list: UW-Stout Almena: Micah Fauske.
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Workshop helps kids with showing animals
Jordin McMahon took her calf from the barn to the water spouts Tuesday near the cattle show ring at the Pepin County Junior Fair.
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Recipe: Johnny Michaels' strawberry lemonade
Posted on July 9th, 2008 7:26 AM By Rick Nelson A close-up of some of Marvel's strawberries.
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The Great Strawberry Adventure
Posted on July 8th, 2008 3:23 PM By Rick Nelson After spending a few hours on my hands and knees at Sam's Produce in Arkansaw, Wis., I am convinced that everyone should incorporate strawberry picking into their ...
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Program helps kids learn basics of tractor operation
It was all that 12 boys could do Wednesday to contain themselves from getting on a tractor to show their driving skills at a Durand-area implement dealer.
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Of MARs and Men - Barak Obama pays Sam Francisn justice
If you didn t like the way all-but-ordained Democratic presidential nominee Barak Obama talked about how middle and working class voters cling to their guns and religion while being bitter about their economic ...
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Diocese realignment unveiled
"Now we have a plan, and I think it's a wise move to have it known so when the time comes and a parish won't have their own priest it's not a traumatic situation" Facing a future in which there will be fewer Roman Catholic priests to tend to the spiritual needs of the 200,000 Catholics, the La Crosse Diocese last week realigned its parishes. via Leader-Telegram
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Sex assault nets 19 years
"Mr. Hawkinson forfeited the right to be with us in society." A former Eau Claire resident found guilty of sexually assaulting an 8-year-old girl about two years ago was sentenced Tuesday to 19 years in prison, but he could face a much longer period of confinement. via Leader-Telegram
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'Last stonecutter' also could craft a good story Life Story
"His legacy and voice will always be in my mind" At age 16, Tony Wolf picked up a hickory mallet to chisel his first piece of Dunnville stone. via Leader-Telegram
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Funding failure
"We could have continued to have that balance escalate if we never, ever planned to pay it off" Imagine dutifully making monthly payments for the first 26 years of a 40-year mortgage only to learn the amount owed is higher than when you took out the loan. via Leader-Telegram
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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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