Deerfield, 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
| Deerfield, Wisconsin News |
Cowboy Church: A Blend Of Prayer And Rodeo
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Grulke, Robert Lee
Robert Lee Grulke, age 79, of Menasha, passed away into the arms of God during the early hours of Tuesday, November 11, 2008, at St.
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Housing starts decline in Dane County WSJ
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37th Assembly: Andy Jorgensen, 50th Assembly: Tom Crofton
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Superbowl Winners Announced At Expo
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4 arrested for growing marijuana TCT
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U.S. Attorney's office alleges Deerfield-area home used to grow pot
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Business Digest WSJ
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Madison firms get $2.5M in clean energy funding TCT
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Gleaners at Farmers' Market snap up produce for food pantries
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Fire Destroys Pleasant Springs Home
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Scorpion Found, Turned Over to Humane Society
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Native prairie visit scheduled for Sunday
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Man dies in Blooming Grove house fire
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Bon Appetit says Ingrid's Lunchbox is a street cart named desire
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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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