Belleville, 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
| Belleville, Wisconsin News |
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Super Crew Sound Gets a Face Lift While Improving Customer Service
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Belleville man arrested after attack outside bar
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Wolves, coyotes often confused
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The Cookie House offers delicious treats, more
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More elementary school funding needed
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35 communities looking for Brownfields dollars for redevelopment projects
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Stichman-Hoffmann, Pamela Joy
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Crash victim loved trucks, open road
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Gas prices drop in metro-east
Metro-east gas prices were dropping Wednesday night, in some locations by 10 cents.
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Suspect in custody after Save-a-Lot armed robbery
A Belleville man, Terrence D. Haynes, has been charged with two counts of felony armed robbery in connection with an early morning incident outside the Belleville Sav A Lot store, 4515 W. Main St.
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Duluth Trading, Lands' End rate high on Consumer Reports
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Ghosts and goblins hit the streets Friday night
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Scam Alert! Grandparents Targeted
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Green County authorities surround home
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Belleville school's Scarecrows for Kids pays dividends
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Gas under three dollars a gallon
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Gas at 1 station already under $3 a gallon TCT
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Motorcycle crash injures 2 TCT
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Belleville police investigate armed robbery at gas station
Police are investigating a reported armed robbery early this morning at a gas station.
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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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