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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Stoddard, 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
| Stoddard, Wisconsin News |
Booze and Belts kicks off Dec. 8
To keep the joyous holiday season from becoming a time of tragedy, Westby-CV-Stoddard will mobilize along with other law enforcement agencies throughout the state for the "Booze and Belts" traffic crash ...
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Ridgerunner Reports: Coulee Region offers much for which to be thankful
The French who explored this area around 200 years ago certainly admired the ridges, hills and valleys they found here.
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Historically speaking...
The Valley by Hjalmar Holand, published 1928. Continued from last week Skogdalen is often the collective name given to the last five valleys, Slaadalen, Rullandsdalen, Koldalen, Bohemidalen and Molassedalen.
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Officials Roll Out New Program Urging Hunters To Donate Deer Meat
The state Department of Natural Resources said that there are too many deer in Wisconsin so they're encouraging hunters to help thin the herd while helping the needy.
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Sand plant foes blitz city council
Patricia Popple of Concerned Chippewa Citizens speaks Tuesday night while attorney Glenn Stoddard of Eau Claire listens.
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Genoa woman injured in motorcycle accident
A Genoa woman was injured when the motorcycle she was driving sent off Ramrod Coulee road in the town of Bergen, Saturday afternoon.
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'Children of Eden' opens new theater season
Have you ever wanted to see Adam and Eve banished from the Garden of Eden with song and dance? Maybe you've wanted to watch Noah's son hunt for a girlfriend to join him on the Ark for the Great Flood.
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In La Crosse, Obama calls for action on bailout
Democratic presidential candidate Barack Obama says it's time for Congress "to take some clear action" on a financial rescue for Wall Street.
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Fire damages Coon Vally House
An early morning fire extensively damaged a Coon Valley home at 804 Anderson St., Friday.
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Westby police to join nationwide campaign to fight drunk driving
The Coon Valley, Stoddard and Westby Police Departments are joining in a nationwide crackdown to combat drunken driving.
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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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