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Divorce Buyouts
Debt Consolidation
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Downing, 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
| Downing, Wisconsin News |
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Candidates seeking public office - whether they be incumbents or challengers - can start circulating nomination papers on Monday.
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Local voter turnout not as high as expected
Locally, overall voter turnout in Dunn County for the 2008 presidential election didn't break any records.
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Cory Jennerjohn column: Half-marathon just the beginning for Romnek
There are a lot of things I want to do before I turn 40. Downing the 160-ounce prime rib at the Black Otter Supper Club in Hortonville in one sitting is high on my list.
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Soap-making hobby blossoms into business
It was a hobby for Carla Benson, but she also wanted to provide gentle soap for Shawnda, who had sensitive skin.
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Dean's List
The following students from west-central Wisconsin have been named to the dean's list: UW-Stout Almena: Micah Fauske.
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Leslie 'Bud' H. King
Leslie 'Bud' H. King, 86, Holmen, passed away Sunday, June 29, 2008. He was born in Lypol, Minn., on Sept.
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Tractor Transformers
Click to enlarge image Trevor Prochnow uses a restored John Deere "A" for hauling wagons around the farm.
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Storm batters region
Power lines, trees toppled By Leader-Telegram staff and The Associated Press Northern Dunn County and Chippewa County suffered downed trees and utility lines and some damage to buildings as thunderstorms passed ...
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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