Bruce, 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
| Bruce, Wisconsin News |
Bruce / Pair age 20, 21 die in crash on icy I-90
The South Dakota Highway Patrol said 20-year-old Benjamin Brainerd and 21-year-old Kryschelle Manuel, both of Bruce, Wis., died early Sunday when a pickup in which they were riding skidded on an ice-covered ...
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2 Killed, 2 Injured In Crash
Two people are dead and two more are recovering from injuries Sunday night after a pickup lost control on an ice covered bridge and rolled on Interstate 90 early Sunday morning near Kennebec.
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2 Dead, 2 Injured In Early Morning Rollover
58-year-old Galen Brainerd of Bruce, Wisconsin lost control of his pickup while crossing an ice-covered bridge on Interstate 90 just before 2 o'clock Sunday morning.
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Irene H. Erb
Irene Hannah Erb, 77, of Chetek, left earth to be with her Savior Sunday, Nov. 23, 2008, from her home in rural Chetek.
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Birth announcements--Nov. 26
Oscar Wendell Troff, a boy, 8 lbs. 6 oz., born Tuesday, Nov. 18, 2008, at 3:49 a.m., to Danelle Jackson and Shane Troff, of Amery.
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Bruce G. Gunther
Bruce G. Gunther, age 80, of Omro, died Saturday, November 22, 2008 at home. He was born October 8, 1928 in the Town of Rushford to the late George and Esther Gunther.
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Officials unveil design plans for new Union South
Wisconsin Union officials unveiled details of interior and exterior plans for the new South Campus Union to a group of students and staff Wednesday.
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Out & About
An opening reception for "Winter Wonders" will be held from 5 p.m. to 7 p.m. today at the Central Wisconsin Cultural Center, 240 Johnson St.
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Jennings honored during last school board meeting
Jennings, right, is pictured with Superintendent Al Brown, one of many who spoke of Jennings' commitment to Chetek schools.
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Synergy 2008 set for UW-River Falls
The 2008 Synergy Conference will be held at University of WisconsinRiver Falls, Nov.
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Rusk County man gets 20 years for 32-year-old murder
Roy Beaulieu showed no emotion in a Rusk County courtroom Tuesday when he was sentenced up to 20 years in prison for a murder that happened 32 years ago.
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Man gets 20-year sentence for murder
A 65-year-old Ladysmith man found guilty of killing a woman 32 years ago was sentenced Tuesday in Rusk County Court to 20 years in prison.
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RAM exhibit aims to provoke
Finding new items for exhibits hasn't exactly been a problem lately for the Racine Art Museum.
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Eleven arrested in cocaine bust
Authorities have arrested 11 people and charged them in the federal courts with crack cocaine distribution offenses.
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Drug arrests on tribal land
Drug arrests on tribal land * WEB EXCLUSIVE* 27.OCT.08 MADISON - Erik C. Peterson, U.S. Attorney for the Western District of Wisconsin, announced Monday the unsealing of two indictments - charging 11 ...
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Taylor News: The warblers stopped to visit
The back yard has been full of cute little birds. They look like small sparrows with bits of yellow or blue coloring here and there, and seem to belong to some migrating flocks just passing through.
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Churches work to meet needs of spiritually active teens
Pictured left to right are Ethan Englund, of Cameron, and Dakota Walters, of Bruce, during a Bible reading at Faith Baptist Church's TILT youth group.
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Police: Bruce man points gun at wife in Ladysmith
A 56-year-old Bruce man has been charged with pointing a handgun at his estranged wife several times during an altercation Friday morning at her Ladysmith home, according to Rusk County Court records.
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Hooters closes with plans to nest on east side
Hooters restaurant has closed its doors after 15 years on Madison's west side and plans to reopen next year on the city's east side, according to its general manager.
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Unorthodox event raises cash for shelter
Caterer Mary Arts prepared a luncheon Saturday for the charity event at the Cameron home of Marilyn Johnson.
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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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