Friendship, 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
| Friendship, Wisconsin News |
Roads to Retirement: Benefactors share gratitude by helping
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Adams-Friendship, Wisconsin Rapids superintendents alert to weather problems
Steve LaVallee found himself awake at 3 a.m. Monday checking for weather updates.
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Dennis B. Kaye
Dennis B. Kaye, 69, of Friendship, passed away Monday, Nov. 24, 2008, at the Moundview Memorial Hospital and Clinics, Friendship.
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Volunteers build new Oakbrook
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Bartelt the featured speaker at Love Light ceremony
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Walden 'Greg' Wood
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Brian A. Czerwinski
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Troupe presents local premiere of 'Plaid Tidings'
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NFDL and Van Dyne News
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Candidate forum: Adams County clerk
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Minnie C. Capek
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Today in prep sports
12:45 p.m. - Pittsville at WIAA Division 3 sectional at Arcadia . Volleyball TBA - WIAA regional finals Boys Soccer 3 p.m. - WIAA Division 1 regional final: Wisconsin Rapids vs.
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Lunch programs reflect economy; Rapids-area schools serving more free ...
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Photos: Last night's football game at Nekoosa
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Scott Young instructs youths how to properly shoot a pellet rifle. Contributed photos
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Kaethe E. Klemens
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Commentary: 'Whoever wins faces steep learning curve'
It has been an honor to represent the residents of, Fond du Lac, North Fond du Lac and the towns of Taycheedah, Eldorado and Friendship as the 52nd Assembly District's representative to the Wisconsin State ...
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JoAnn Tangney pulled over on an exit ramp on her way to work one Tuesday in 2004 and thought about turning around.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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