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Colgate, 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
| Colgate, Wisconsin News |
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Wis. Breeder Offers Dog to Obamas
A Wisconsin breeder says she has just the dog for President-elect Barack Obama and his two daughters.
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Nurse sworn-in as MPTC District Board member
Mary Kerrigan of Colgate was appointed to the Moraine Park Technical College District Board as an employer member.
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Woman who gave teen drugs before he died gets 3 years in prison
A 23-year-old Colgate woman was sentenced Wednesday to three years in prison for providing narcotics to Germantown teenager Wayne Schultz, who subsequently died after crashing a pickup truck into a tree.
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MPTC appoints nurse to board
Mary Kerrigan, a nurse from Colgate, has been appointed to the Moraine Park Technical College District Board as an employer member through June 30, 2010.
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College presidents want drinking age debate
College presidents from about 100 of the nation's best-known universities, including Duke, Dartmouth and Ohio State, are calling on lawmakers to consider lowering the drinking age from 21 to 18, saying current ...
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Leo the puppy mill survivor finds love
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Ozaukee cash flows to Obama
Going back a generation, Ozaukee and Washington counties have unfailingly backed Republicans for president.
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Wedding: Bailey-Szecsy
Laurie Leigh Bailey and Shawn Scott Szecsy, both of Johnson Creek, were married Jan.
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Graduations honor all the supporters, too
The first time I saw her was just minutes after she was born. I was in the hospital room where my sister - her mother - was waiting to meet her.
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State Fair announces Cousins Subs Amphitheater lineup
Starship, Daryl Stuermer and the Gin Blossoms are among the acts that will headline at the Wisconsin State Fair's Cousins Subs Amphitheater. via Milwaukee Journal Sentinel
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Yesterday in Marshfield
The public is invited to attend. Jane I. Kapla of Marshfield has been named to the winter 1997-98 dean's list at the University of Minnesota-Duluth. She is a senior majoring in communicative disorders. via Marshfield News-Herald
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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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