Tomahawk, 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
| Tomahawk, Wisconsin News |
Schlais, Alvin E.
Alvin E. Schlais, age 89, of Appleton, passed away on Sunday, November 30, 2008.
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National Guard soldiers based in Tomahawk, Rhinelander leave today for Camp Shelby
RHINELANDER - A crowd nearing 1,000 people filled the Rhinelander High School gymnasium this morning to send off more than 100 soldiers in the 951st Sapper Company based in Tomahawk and Rhinelander.
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Local Soldier Sits Down With Newschannel 7 Before Deployment
More than 100 Wisconsin National Guard Soldiers are leaving this Sunday for a one year tour of duty in support of Operation Enduring Freedom.
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Free Thanksgiving Dinners in central Wisconsin
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New Info: Judge Tosses Out Statements in Case of Teen Accused of Aiding a Convicted Murderer
Judge Neal Nielson says some statements made by Katie Decker to police cannot be used in trial.
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Soldiers to leave for Afghanistan
About 100 soldiers based in Tomahawk and Rhinelander are preparing for a one-year deployment to Afghanistan at a time when many people have time with loved ones in mind.
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Tomahawk Celebrates Deer Season with Venison Feed
There are currently no active polls at this time. Click here to view other polls on our site and past poll results.
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2,000 venison burgers downed in Tomahawk
The smoke from venison burgers cast a cloud over a sea of blaze orange on the streets of Tomahawk today.
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Tomahawk to hold 43rd annual Venison Feed Friday to kick off deer hunting season
Wisconsin Avenue in downtown Tomahawk is ready to celebrate the 43rd Annual Venison Feed Friday.
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Guest column: Mary Bell
This is American Education Week, and it emphasizes the importance of investments and teamwork in keeping Wisconsin's education tradition strong.
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Obama election a boon for gun stores
A Democrat is going to be president -- better stock up on guns and ammo. At least that's the conclusion drawn by sportsmen across Wisconsin, as gun shops from central Wisconsin to the Northwoods reported a ...
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Lincoln County searches for person of interest
The Lincoln County Sheriff's Department, the Merrill Police Department, and the Tomahawk Police Department are asking for the public's help in finding a person of interest in several crimes in Lincoln County.
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Man Wanted for Burglary, Property Crimes in Lincoln County
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Ruth E. Sylvester
Ruth Ella Sylvester, 92, 5625 Sandpiper Drive, Stevens Point, died Nov. 9, 2008.
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Jacob Baars of Tomahawk was sentenced to 14 years in prison for a string of burglaries, arsons
MERRILL -- A 21-year-old Tomahawk man was sentenced Friday to 14 years in prison for burglarizing and torching numerous rural cabins.
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Judge orders arsonist, burglar to serve 14 years
A 21-year-old Tomahawk man was sentenced this morning to 14 years in prison on arson and burglary charges.
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Nicholas Erwin Expected in Court Wednesday
The man accused of breaking in to an elderly couples home in the town of Bradly, back in April, is scheduled in court within hours.
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Leonard M. Yrjola
Leonard M. Yrjola, 74, Tomahawk, died Friday, Oct. 31, 2008, at Golden Living Center-Riverview in Tomahawk.
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Schmelling seeks Friske's state post
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Northland Stainless plant doubles in size
Northland Stainless Inc. of Tomahawk is in line to receive $250,000 in technology zone tax credits as it creates a dozen new jobs in the coming year as part of a $4.7 million plant expansion.
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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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