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Divorce Buyouts
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Blue River, 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 River, Wisconsin News |
Staying in step: After 61 years and thousands of students, Betty Hayes-Baxter is still on the beat
Having taught dance for 61 years, Betty Hayes-Baxter brings the arts to towns throughout southwestern Wisconsin.
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All Hail St. Felix
Monday, August 04, 2008 All Hail St. Felix I don't know too many cheesemakers who name cheeses after themselves, but then again, I don't know too many cheesemakers like Felix Thalhammer.
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Flash Flood Warning In La Crosse until 12:30 This Afternoon
The national weather service in La Crosse Wisconsin issued a flood warning in effect until 12:30 this afternoon for Grant County.
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Vehicle vs. Cow
A 52-year-old Blue River man has minor injuries today after his vehicle hit a cow in the road. via WEAU-TV Eau Claire
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Wisconsin DNR conducting burns
FITCHBURG, Wis. -- The state Department of Natural Resources will be conducting burns on public lands this spring in south-central Wisconsin. via Dubuque Telegraph Herald
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Iowa County stream on watch list
"Our approach -- teaming federal, state and local partners -- is helping to make these waters better, faster" An Iowa County stream has made the "10 Waters to Watch" list from a Washington, D.C.-based conservation organization. via The Capital Times
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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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