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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Cable, 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
| Cable, Wisconsin News |
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Sheila Hollern Herbert -- Rochester
ROCHESTER -- A memorial service for Sheila Hollern Herbert will be at 11:30 a.m. Thursday at the Congregational United Church of Christ in Cable, Wis.
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Jacksonport featured in magazine
Several Jacksonport area residents are featured in an article about Door County in the December issue of Midwest Living magazine.
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Wood Products Conference Nov. 5 in Cable
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Business in Wisconsin
Z2 Marketing has moved its offices from Delafield to W237-N2889 Woodgate Road, Unit Z, Pewaukee.
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Swede life
THE HOME OF THE MONTH APPEARS THE FIRST SATURDAY OF EVERY MONTH. THE PROGRAM IS A PARTNERSHIP BETWEEN THE STAR TRIBUNE AND THE MINNESOTA CHAPTER OF THE AMERICAN INSTITUTE OF ARCHITECTS.
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CBS sitcom "Worst Week" will get irritatingly repetitive soon
"Worst Week," a half-hour CBS sitcom about a luckless goof messing up one thing after another, debuted to acceptable ratings this week.
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Old leaders must leave spotlight
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An early look at this weekend's news
Some of the stories we're pursuing this weekend: - Cable customers in central Wisconsin will continue to be able to get local news and information from their provider, though they will soon have to tune to ...
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Speaking in defense of Chequamegon Fat Tire titles
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Sandwich Fair offers fun and competition
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Tasty 'Top Chef' bus stops in Madison
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Cable deal a relief for Badgers
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Broadband growth slowing in U.S.
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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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