Cambridge, 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
| Cambridge, Wisconsin News |
County Highway B stretch reopens Wednesday
County Highway B between Cambridge and Rockdale in southeastern Dane County is scheduled to be reopened Wednesday, county officials said.
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County Board passes operating budget
The Dane County Board approved its $451.1 million operating budget Monday night after debating questions of radios, immigration policy and the cost of borrowing.
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Six area middle schools get high marks
Six area middle schools are among 80 being honored as exemplary by the state Department of Public Instruction and the Association of Wisconsin School Administrators.
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Honors offered for kids who eat healthy, exercise
Kids who eat right and exercise could be in line not only for better health and slimmer bodies, but honors from health organizations and the dairy industry.
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AWOL Inmate: Elizabeth Busto
Madison, WI. November 14, 2008 a ' An inmate from the Dane County Jail was declared AWOL on Thursday, November 13th.
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Hole Strikes Plea Deal In Real Estate Agent's Slaying
The man accused of killing a Cambridge real estate agent who was showing him a house last spring made a plea deal on Tuesday.
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37th Assembly: Andy Jorgensen, 50th Assembly: Tom Crofton
When the newspapers of eastern Dane and Jefferson counties -- the Daily Jefferson County Union, the Lake Mills Leader, the Cambridge News and the Deerfield Independent -- conducted their "Best of the Area" ...
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Ghosts and goblins hit the streets Friday night
Afraid of things that go bump in the night? Don't be scared, it's only little ghosts and goblins, vampires and witches, Joe the Plumbers and mini-Sarah Palins knocking at your door, looking for treats or ...
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Around the bubbler: What's on tap the week of Oct. 24
The scary season is in full scream mode at Horror in the Dark at Olin Park this weekend.
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Doctor sues Cambridge clinic
A doctor, whose departure from a Cambridge clinic in June shocked the community, filed a lawsuit Wednesday to fight a noncompetition clause in his contract with his former employer.
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Ousted Utica Store partner accused of damaging property
One of three men who joined forces to keep open the historic Utica Store this summer, buying the general store from its former owners at a last-minute sale, has apparently been booted out of the operation by ...
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Dane County deputy ruled justified in Cambridge shooting
A Dane County Sheriff's deputy acted in self-defense when he shot an inmate who had escaped from Jefferson County Jail, an investigation by Dane County District Attorney's Office said today.
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Photographer Bob Rashid dies at 59, Madison woman tasered at UW...
Bob Rashid, 59, a well-known Madison-area photographer, dies unexpectedly from a torn aorta.
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Bucky going green
Homecoming to be "carbon neutral" Friday, October 17, 2008 Pollution may not be the first thing that comes mind when you first think of Badgers football.
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Shooting in Cambridge
A person was shot early Saturday morning in Cambridge, according to the Dane County Sheriff's Office.
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Healthy Harvest: Whitewater's farmers' market offers fresh, affordable produce
The farmers' market in Whitewater offers a wide variety of fresh food alternatives for students.
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County proposal aims to keep leaves out of streets, lakes
A county proposal to keep leaves out of Dane County's lakes would step up enforcement -- and increase fines up to $1,000 -- in cities and villages where leaf laws are lax.
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Local Red Cross Assists Hurricane Victims
According to a news release: While national attention may be directed elsewhere, the American Red Cross continues to actively assist the victims of recent hurricanes in America's Gulf States.
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Cadott girl participates in Ironkidz Program
Courtney Chapek, a fifth grader at Cadott Elementary, poseswith Cambridge teacher Joe Brady after he finished the Ironman race Sept.
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Study Finds Wisconsin Residents Some Of Nicest In Nation
A new study indicates Wisconsin is home to some of the nicest people in the county.
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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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