Merton, 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
| Merton, Wisconsin News |
Firefighters to ring the bell for Salvation Army
Four off-duty Milwaukee firefighters will be trying to set a fund-raising record on Black Friday by serving as Salvation Army bell ringers.
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At Home With: Artful carver makes mark at home
The dining room set in the Schuelersa Merton home has more than 650 pieces of solid inlaid wood and eight or nine types of wood, including leopard from Australia and bubinga from Africa.
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Norway School District has largest percentage tax increase
The average tax levy for school districts will increase about 4.6% in the 2008-'09 school year for the five-county Milwaukee metropolitan area, according to state reports.
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House fire near Chenequa County Club
Local fire departments are on the scene of a house fire in the town of Merton that started as a chimney fire, according to the Waukesha County Sheriff's Department.
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Early voter turn out heavy in Lake Country
Hundreds of Lake Country voters were standing in line waiting to vote when the polls opened this morning at 7 a.m. Delafield city police officers were directing traffic in front of the city polling place at ...
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Boosters, school at odds over referee's injury
Town of Merton - A referee's broken ankle suffered in a fall at a middle school volleyball match has played a part in the break-up of a parent-led athletic booster club and prompted a dispute over whether its ...
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Merton school referendum likely to pass
Nov. 4, 2008 10:50 p.m. A $3 million school referendum in the Merton School District in Waukesha County is getting 61% approval in early returns tonight.
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Ski Swap comes to high school
The annual Lake Country Alpine Race Team and Oconomowoc High School Race Team Ski Swap will be held from 9:30 a.m. to 1:30 p.m. Saturday, Nov.
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North Lake boat launch public meeting set
Plans for a boat launch on North Lake, the largest Waukesha County lake without public access, will be presented to the public for comment Oct.
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Wisconsin high school honored for best musical
TOWN OF MERTON, Wis. - A Wisconsin high school will receive an award Thursday for producing the best high school musical in the nation.
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Determined volunteers help bring Haitian boy to state for treatment
A small boy with a badly disfigured eye approached the Americans from Waukesha County who were giving eye exams and handing out glasses to hundreds in Saut d'Eau, Haiti.
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Lisbon may rent garden plots - Plots might be established in Community Park
Town of Lisbon - Town officials agreed last week that they would be willing to explore the feasibility of setting aside space in the Community Park where town residents could rent garden plots.
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Farming far from extinction in Delafield; Morris family expects to continue in city
According to city planners, Dave Morris's occupation - ' and lifestyle - ' is extinct.
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Fall ushers in new round of activities to area
Although a few warm humid days have popped up in a last gasp of summer, there is no doubt that fall is upon us.
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State sues Waukesha County over proposed lakefront property
For the second time in recent months, the state has filed suit to protect a Waukesha County lake against the perceived threat of encroaching shoreline development.
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Dog area planned for county's Nashotah Park
Village of Nashotah - If a funding plan is successful, the Waukesha County Parks Department hopes to convert a portion of Nashotah Park into an off-leash dog exercise area next summer.
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Arrowhead site allows parents access to grades
Gone are the days when parents see their children's grades only when it's report card time, parent-teacher conferences - ' or worst, receive the dreaded phone call from school reporting a student's progress, or ...
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Hartland, Merton summer activities wind down
Summer festivities in Hartland are winding down as residents look forward to colorful foliage, falling leaves and crisp autumn breezes.
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Weather warning sirens scarce in Lake Country
Village of Hartland - If a tornado is headed toward Lake Country, residents of the Villages of Pewaukee, Sussex and Merton as well as those living around North Lake and Stone Bank are warned with a loud blare ...
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Ash borer focus turns to control
On Monday, state officials announced the discovery of emerald ash borer east of Newburg in Ozaukee County.
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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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