Baileys Harbor, 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
| Baileys Harbor, Wisconsin News |
Community Christmas events in Sturgeon Bay, Ephraim and Baileys Harbor
Holiday-related festivities take place throughout Door County this weekend, including appearances by the University of Wisconsin Marching Band and, of course, Santa Claus.
|
Natural Christmas is Dec. 13 at Ridges
The Ridges Nature Center in Baileys Harbor will host its Natural Christmas from 3 to 6 p.m. Dec.
|
Friends of Parks seeking information
The Friends of the Door County Parks, a nonprofit group working to enhance the 19 county parks, is seeking historical park information from the public to create a detailed history of each county park.
|
Sue & Joe Jarosh: Historical society books make great holiday gifts
Are you looking for some holiday gift ideas? How about one of the Jacksonport Historical Society books from their series on Jacksonport families? The first six books in the series are described on the JHS Web ...
|
Prevailing wages hurting area taxpayers?
Some town and village officials in northern Door County believe Wisconsin's system of prevailing wages leaves local taxpayers paying more for some public works projects.
|
Northern Door fire keeps crews busy for four hours
Firefighters from six northern Door County fire departments worked for more than hour hours Thursday to put out a fire along the bluff overlooking Lake Michigan.
|
Economic development group to open office in Northern Door County
The Door County Economic Development Corporation will offer monthly office hours in Northern Door County starting in December.
|
Court cases
Among sentences handed down by Judge D. Todd Ehlers: John W. Duerst, 21, of Forestville was sentenced to serve 90 days in county jail for falsely reporting the theft of his truck to evade prosecution for ...
|
Fish Creek: Musical performance marks 85th birthday
George Erickson, a counselor at Gibraltar High School for years, turned 85 Monday.
|
Mary Ronning Parker
Mary Ronning Parker, 77, part-time resident of Sturgeon Bay, LaGrange, Ill., and recently Burr Ridge, Ill., passed away Oct.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|