Blenker, 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
| Blenker, Wisconsin News |
Wood County 4-H gives awards
Wood County 4-H recognized the 2008 accomplishments of its members, leaders and 4-H clubs during the 88th annual Achievement Program in Wisconsin Rapids at the Knights of Columbus Hall.
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St. Kilian's celebrates centennial
BLENKER -- On Sept. 14, St. Kilian's Parish school in Blenker celebrated its 100th anniversary with a mass and potluck lunch.
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Tuesday in Communities
Auburndale Elementary School students invite their grandparents to school for Grandparents Day.
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Drivers treated to cookout
Drivers and office/shop personnel from deBoer Transportation Inc., Blenker, enjoyed beautiful weather and an old-fashioned cookout with all the fixings hosted by Mid-State Truck Service of Marshfield, on Aug.
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Beef plant considers building in Nekoosa
NEKOOSA -- A cooperative that once sought to build a beef-processing plant in Wisconsin Rapids now has its sights on the Nekoosa industrial park.
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Harvey P. Weinfurter
Harvey P. Weinfurter, 80, of 112 East Grant St., Marshfield, died Wednesday, May 14, 2008, at the House of the Dove Hospice Home. via WisInfo
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Peter B. Karaliunas
Peter B. Karaliunas, 92, a former Blenker resident, died on Wednesday, May 7, 2008, at his residence at the Retirement Community of Nekoosa with his family by his side. via WisInfo
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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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