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Divorce Buyouts
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Catawba, 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
| Catawba, Wisconsin News |
Soil quality Field Days Sept. 22-23
As the price of grain goes up, we're seeing more land in northern Wisconsin devoted to corn, soybeans, and other annual crops.
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Catawba, Wis. / Owner keeping his million-mile truck
A northern Wisconsin man still is driving his 1991 Chevrolet Silverado, which has traveled more than a million miles.
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2009 Chevrolet Corvette ZR1
What's it like to drive a hydrogen car? A small group of consumers are - Chicago Tribune WASHINGTON _ Tom Albert drove his loaner Chevrolet Equinox like any other car.
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No buyers for Wisconsin man's million-mile Chevy -- yet
CATAWBA, Wis . -- A 1991 Chevrolet Silverado that has traveled more than 1 million miles is still on the market, its owner says, though it failed to fetch the premium price that he had hoped for.
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Silverado pickup A- with a million miles A- for sale on eBay
You can buy almost anything on eBay these days and one man has put up his "Million Mile" pickup truck for sale with a minimum bid of $29,999. The red 1991 Chevy Silverado belonging to Frank Oresnik of Catawba ...
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Wis. man goes online to sell millionmile Chevy
Wis. man goes online to sell million-mile Chevy Eds: APNewsNow. CATAWBA, Wis. The owner of a 1991 Chevrolet Silverado that's traveled more than a million miles is parting with what he calls his "old girl." ...
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After more than 1 million miles, truck with Flint-built engine to be auctioned on eBay
A headline-grabbing 1991 Chevy Silverado that's traveled more than 1 million miles -- all powered by its original Flint-made V-8 engine -- will soon be for sale on eBay.
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$540,000 Project to Improve Northwoods Highways to Begin Monday
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Picnic, concert July 30 in Catawba
Cathy Peterson, THE-BEE For many years, members of Catawba and Kennan area Homemakers clubs have hosted an annual summer picnic for people in both communities.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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