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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Richfield, 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
| Richfield, Wisconsin News |
Speedbusters: Highway 164
On Highway 164 in Washington County, the issue of speed is in overdrive. A group of neighbors want the speed limit lowered from 55 to 45 and they just sued the Village of Richfield to get it.
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Gun deer season on target despite recession
Gun deer season officially begins Saturday, but sporting goods stores are already making a killing on a hobby that doesn't seem phased by recession.
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Richfield to consider business park annexation
The Village Board on Thursday will consider its first request for annexation - a petition from all property owners in the 46-acre Helsan Business Park in the Town of Polk to join Richfield.
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Tactical situation in Richfield
SWAT team called; suspect in custody A Richfield man is in custody this morning after he refused to come out of his grandmother's home overnight.
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Delay in Germantown results blamed on absentee ballots
The time it took poll workers to insert a larger than usual number of absentee ballots into optical scanners is being blamed for the delay in the outcome of two Germantown School District referendums.
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Sand pits will benefit from TexSand plant
Some local sand pit miners expect to see an increase in business when TexSand Distributors LP, a sand distribution company, opens its Marshfield plant next spring.
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Ethics, taxes spark race to fill Assembly seat
No matter who wins the race to succeed Sue Jeskewitz as the 24th Assembly District representative, the newcomer will no longer come from Waukesha County.
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Convicted kidnapper convicted of kidnapping -- again
An inmate accused of trying to enlist the help of his brother in kidnapping his young victim's mother in an attempt to get the child to recant his story has been found guilty.
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Voters need decision on Knodl now
The voting's already started. At least, by absentee ballot. So wouldn't it be nice to know whether a candidate violated the law in his run for office - before the votes are cast? Let's hope voters get that ...
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2008 Trick-Or-Treating Schedule
Adell 3 to 5 p.m. There is also a party for children sponsored by Eberhardt's Plumbing and Heating on Oct.
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That's One Leaping Lab
Leapin' Labradors! Heidi the yellow Lab is headed to the DockDogs National Championships in Richfield, Wisconsin, this coming weekend.
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Lake Drowning
Recovery efforts concluded early Friday afternoon for a missing man on Friess Lake in the Town of Richfield.
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Divers Continue Search For Man Missing In Lake
Divers resumed their search Friday for a man who disappeared when his fishing boat overturned on a Washington County lake.
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1 Man Rescued, Another Missing In Lake
A man was rescued, but another man is missing in Friese Lake in Washington County.
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Search for Missing Boater
Authorities in Washington County will continue a search today for a missing boater in Richfield Township.
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Convoy rolls up Highway 41 Saturday
A convoy of trucks will travel north on Highway 41, passing by Fond du Lac on Saturday, Sept.
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Public meeting September 23 for WIS 175 in Washington County
The Wisconsin Department of Transportation Southeast Regional Office in Waukesha is announcing a public information meeting to discuss the design of an eleven-mile segment of WIS 175 in Washington County.
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Kewaskum couple accused of ID theft
A Kewaskum couple are facing identity theft charges after they were caught using the names of dead people to get jobs, the Washington County Sheriff's Department said.
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Dawson built family stone business to last
As a young man, Dale Dawson had an idea of what he might like to do - ' and an even better idea of what he didn't want to do.
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Sex assault suspect charged with hiring hit man to kill witnesses
A Washington County man accused of sexually assaulting a child has been charged with trying to hire someone to kill witnesses in his case.
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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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