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Divorce Buyouts
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Beldenville, 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
| Beldenville, Wisconsin News |
Barber's, Legion back 'Trees for Troops'
Barber's Christmas Trees of Beldenville is donating trees to "Trees for Troops" and the Ellsworth American Legion Post 204 will transport them to the state collection point as part of their Americanism Program.
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Charges filed against two men in deer poaching incident
Charges were filed Monday in Pierce County Circuit Court against two men involved in the deer poaching incident Nov.
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Near 20-point deer gets taken down by car
Thousands of deer were harvested in Pierce County during the opening weekend of the nine-day gun-deer season.
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Decorated veteran never expected to make it back?alive
Typical of his generation, 90-year-old Bill Junkman is humble about his military service for country in World War II.
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Beldenville teen showing signs of improvement after roll-over crash
Gabrielle Ryan, the 17-year-old Beldenville teenager who was seriously injured in a one-car roll-over accident earlier this month, is showing signs of progress.
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Advanced Degrees
The following students from west-central Wisconsin have earned advanced degrees: Beldenville: Andrea Jensen, doctor of law.
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Indian summer party for equines planned at Crow-Hassen Park Reserve
Poll Indian summer party for equines planned at Crow-Hassen Park Reserve August 21, 2008 - 5:47pm - Ruth Anne Maddox An Indian summer party for equines is set for Sept.
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Man suspected of drunk driving hours before court appearance
Pierce County investigators are waiting for blood alcohol test results after a crash on Highway 65 near Beldenville Monday night.
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Two men airlifted following head-on crash near Beldenville; child injured
A Beldenville man, scheduled to make first appearance in Chippewa Falls Tuesday afternoon on drunken driving charges, was seriously injured late Monday night after his pickup collided with a light truck ...
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Four injured in crash in Pierce County
Four people were hurt when two cars collided in River Falls Township Monday night, according to the Pierce County sheriff's department.
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Committee chairs named for 2010 Farm Technology Days
Fire late Wednesday consumed a barn in the Town of Ellsworth. The Ellsworth Fire Department was called at 11:38 p.m. to the Rae Ann Andrea property, W5329 CTH N, Beldenville.
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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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