Blue Mounds, 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
| Blue Mounds, Wisconsin News |
Column: Vote for Washington House funding
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Protecting the dark sky above the Lower Wisconsin
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Mount Horeb school bus driver resigns WSJ
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Fitchburg, Cottage Grove optimistic about library fundraising
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One dead, 11 injured in collision between motorcycle and buggy
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Buggy-cycle crash kills 1, injures 11
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Ramped-up enforcement on 151 issues 51 tickets over weekend
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Stewart Lake case similar
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Law enforcement to crackdown on Highway 151 speeding next week TCT
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Home starts plummet in Dane County
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Three killed in accident near Mount Horeb
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Madison shelter to house feral cats
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More bears being sighted in southern Wisconsin
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Playing dirty: Runners discover that hitting the trails can be the ultimate in good, not-so-clean fun
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High-speed chase driver pops 'wheelie'; trooper catches up
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Crash kills motorcyclist near Blue Mounds
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Willi Lehner, cave man
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The Dirt Makes It Delicious
Behind Willi Lehner's house in Blue Mounds, Wisconsin, under a hillock of craggy earth supported by a wall of stone slabs, is a bunker that's supposed to withstand tornadoes, hurricanes, and earthquakes.
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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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