Sheldon, 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
| Sheldon, Wisconsin News |
Meetings
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Circuit Court as of
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Battleground WI: 8th District Senate Debate
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Court reports for Aug. 13
SHELDON, Lanc B.; 42, 207 W. Foster St., Appleton. Sentenced to 15 days in jail for failure to report to jail on Dec.
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Murder trial in decades-old case begins Monday
There's little dispute that Harry "John" Rogers killed an apparently defenseless man almost three decades ago.
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Murder trial in decades-old case begins Monday
There's little dispute that Harry "John" Rogers killed an apparently defenseless man almost three decades ago.
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Parade of Ponds touts water's calming effects
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Man run over by feeder wagon
A 62-year-old Sheldon man died Monday night after being run over by a feeder wagon.
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Man Killed in Farming Accident
A man is dead after officers say a feeder wagon ran him over in southeastern Rusk County.
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Mertens, Kaylee Rae
Kaylee Rae Mertens, 3, Algoma, passed away Tuesday May 27, 2008, at St. Vincent's Hospital.
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Survey will be key to plans for former MSC
Lincoln College, an accredited private college in Normal, Ill., is investigating the possibility of opening an adult higher education center in the former Mount Senario College building in Ladysmith. via Ladysmith News
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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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