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Divorce Buyouts
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Hanover, 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
| Hanover, Wisconsin News |
Trivia parade route
Trivia fans willing to brave the April drizzle can view the Trivia parade at any point along the following route. via Stevens Point Journal
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Meetings
Finance and Property Committee: 5:30 p.m. Thursday, first-floor conference room, City Hall. via WisInfo
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News in Northeastern Wisconsin
"The goal is to not destroy the economic viability of our downtown, which will affect the entire community" The Brewery Collectibles Club of America is returning to the Green Bay area Thursday through Saturday for its 28th annual Beer and Brewery Collectibles Show. via Green Bay Press-Gazette
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Smoke from prescribed fires a healthy sign
"The name itself implies benefit is to be gained from carefully planned and implemented fire." Beginning in early April and continuing until mid-June, fire crews and specialized equipment from the U.S. Fish and Wildlife Service's Leopold Wetland Management District in Portage will assemble at federally ... via Beaver Dam Daily Citizen
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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