Beloit, 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
| Beloit, Wisconsin News |
Beloit Students Prepare For Future Of Auto Repair
People in Rock County working for suppliers to the Janesville General Motors assembly plant have been feeling the trickle down effects of the closure.
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Another candidate announces for school superintendent
The superintendent of Beloit schools is the third announced candidate seeking the state superintendent position.
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From Daily News files 100, 50, 25 and 10 years ago Dec. 2, 1908 - The Beloit State Bank's annual report of condition shows assets of $665,486 and the Beloit Savings Bank report lists assets at $1,119,576. ... ...
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Beloit Snappers Have Six Former Players on Baseball America's Top 10 Minnesota Twins Prospects List
Beloit, WI - In the latest issue of Baseball America, six former Snappers were ranked in the '09 Top Ten prospects for the Minnesota Twins.
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Brandi Stluka has been named assistant branch manager at the new Gateway Community Bank branch in Beloit.
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Town of Beloit to study new fire station
The Beloit Town Board voted Monday night three to one to approve a contract with Angus Young Architects of Janesville to design a seven-bay station behind the current station No.
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A Christmas Story
By Sara Siekierski Daily News staff writer Bringing a classic holiday story from film to the stage has proven to be challenging, but exciting, for the cast of Wisconsin Theatreworks' "A Christmas Story." ...
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Death of 18-year-old investigated
Beloit Police officers are pursuing a death investigation after finding a 18-year-old man in the 800 block of Oak Street on Thanksgiving morning.
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Beloit sister sure gets around
By Hillary Gavan Daily News staff writer When Sister Joselda Kuhle's brother told her joining the convent would mean seeing the world, she had no idea how true that statement would become.
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Unlicensed teen on joyride injuries five
A Mitsubishi Montero SUV driven by 15-year-old Migueila Pemberton of Beloit was traveling west on West Spring Creek Road in Newark Township when she lost control.
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3 men injured in town of Clinton crash
Three men were seriously injured in a car crash in the town of Clinton on Wednesday evening.
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Sarah Spradlin has been named branch manager of the new Gateway Community Bank branch office in Beloit.
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Five teens injured as driver, 15, crashes car in Rock County
Five teenagers were injured in a crash Wednesday night in Rock County in which the driver was a 15-year-old girl without a valid driver's license who allegedly took her mother's car without permission, the Rock ...
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Holiday cheer in Beloit
With the downtown streets aglow with festive holiday lights and the first snow powdering the ground, the Downtown Beloit Association is gearing up for the 17th annual Grand Lighted Holiday Parade, Friday, Nov.
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Be sensible, but have fun Gorging yourself on Thanksgiving is OK, but it should only happen during one meal, a registered dietitian says.
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EDITORIAL: Explore regional treatment option
In a tough economy, look for cost efficiencies. WASTEWATER TREATMENT is an expensive proposition, any way you look at it.
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From Daily News files 100, 50, 25 and 10 years ago Nov. 19, 1908 - Mrs. W.M. Johnson says Belle Clapper, who was married to John Benware, an American Indian, isn't an Indian as was reported; rather, she's of ...
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From Daily News files 100, 50, 25 and 10 years ago Nov. 18, 1908 - Miss Belle Clapper of this city and John Benware of Janesville, both of whom are full-blooded native Americans, he a Seminole and she an ...
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Council to revise pet law
After a public workshop Monday night, the Beloit City Council will revisit an ordinance regarding pet regulations in the city.
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Shootings were a murder-suicide; father made 911 call, Madison police say
Madison police said today that Ryan Dutter left behind at least two notes that have helped establish Tuesday's shooting as a murder-suicide. They also said he probably made the 911 call that summoned police to ...
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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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