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Divorce Buyouts
Debt Consolidation
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Centuria, 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
| Centuria, Wisconsin News |
Hundreds apply for jobs at pellet plant
Three of the six owners of High Quality Shavings, under construction at the Centuria industrial park are Mike Feist , Rod Wilcoxson , and Jerry Weiss .
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Polk County deputy suspended for 90 days
Polk County Sheriffa s Deputy Eric Swan has been given a 90-day unpaid suspension from the department for his involvement in a fourth motor vehicle crash for which he was found to be at fault.
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Balsam Lake boy dies
Cody Ward, the 7-year-old boy who was struck by a pickup truck last week in Balsam Lake, Wis., died Wednesday at Gillette Childrena TMs Hospital in St.
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Officials identify Wisconsin boy hit by truck
Polk County officials have identified a boy seriously injured Friday after being struck by a pickup in the village of Balsam Lake.
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New desk design has legs
Gazette photo by Andrew Wallmeyer Lily Lake Elementary fourth-grader Alexis Pugh works at a traditional desk Thursday afternoon while her classmate Nicole Buchman uses a new standing desk the school is ...
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DNR: Musky stocking rumor false
Northern pike, not musky, were stocked in Long Lake east of Centuria in Polk County this year.
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Stand-up desks provide a firm footing for fidgety students
The female-oriented musical romantic comedy "Mamma Mia!," starring Meryl Streep , did well for a movie without explosions.
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Robbery stifled by SCF PD
Robbery stifled by SCF PD * WEB EXCLUSIVE* 10.SEP.08 ST. CROIX FALLS-An armed robbery of the St.
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News in Northeastern Wisconsin
The Village Board recently amended the planned unit development for the Ashwaubenon Boardwalk for a new upscale hotel.
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Mailboxes Bombed in Polk County
Polk County deputies are trying to find the people responsible for mailbox bombings there this month.
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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