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Tony, WI New Home Financing in Wisconsin

Somerset Investors Corp. can find Tony, WI residents the perfect loan and start your home purchase off right. With hundreds of loan programs available, we’ll help Tony, WI residents match your needs with a loan you’ll love for as long as you own your home. Somerset Investors Corp. can find Tony, WI residents the perfect loan and start your home purchase off right. With hundreds of loan programs available, we’ll help you match your needs with a loan you’ll love for as long as you own your home.

Fixed Rate Loans

Several categories of conventional loans exist, the most common and familiar being the fixed rate mortgage. In the cases of fixed rate mortgages, the borrower will lock in an interest rate, and pay down both the principal and interest on the loan at that interest rate every month until the mortgage is paid off. The most typical term of a fixed rate loan is 30 years, though fixed rate mortgages can also be obtained for much shorter terms, the primary difference being in the size of the monthly mortgage payment.

Conforming Loans

Other conventional loans are known as conforming loans. In these cases, an arrangement is made between borrower and lender that comply with the stipulations of two federally run mortgage trading companies (or Government Sponsored Entities - GSEs) Fannie Mae (FNME) and or Freddie Mac (FHLMC).

Fannie Mae and Freddie Mac do not directly approve or deny loans. They buy and sell home mortgages, working with lenders to make home ownership easier for people to attain. Lenders like to sign up borrowers with conforming loan, because they can then sell these loans to Fannie May or Freddie Mac in order to more quickly receive the funds coming to them, and use those funds to make other investments. Fannie Mae and Freddie Mac, in turn, then repackage these loans to sell to investors as securities.

The current guidelines for a conventional Fannie Mae loan set a maximum purchase price for a single-family home at slightly above $415,000 (though residents of Alaska, Hawaii, or Guam may be able to qualify for an even larger loan).

The interest rate as well as the short- and long-term pricing on a conforming loan is determined primarily by the type of loan applied for. Also taken into consideration will be the amount of funds you already have to contribute to closing costs, your credit rating, credit score, and credit history, your employment history, and the type and location of the home in question.

Jumbo Loans

Other forms of conventional loans are nonconforming loan instruments that do not meet Fannie Mae or Freddie Mac loan qualifications, such as jumbo loans, or loans so large they fall outside the Fannie Mae and Freddie Mac loan limits (or purchase limits). Jumbo loans are provided by private investors and as such ordinarily come with much higher interest rates than conforming loans.

FHA Loans

Government entities from a local to a federal level and private entities alike have worked to develop loan programs that make home ownership a reality for many people considered under-qualified for traditional mortgages. These include loans for first-time homebuyers and people with a low-to-moderate income that are insured by the Department of Housing and Urban Development (HUD) via the Federal Housing Administration (FHA).

HUD and the FHA do not make loans directly, rather they insure loans, meaning that the lender still gets paid back even if you default on the home loan. Often, FHA insured loans are available with d

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Tony, Wisconsin News
Stellar Students

JOLENE MERTENS Senior Daughter of Tony and Wendy Mertens Jolene volunteers at the elementary school, participates in dance classes, assists with teaching a dance class and is involved with National Honor ...


Thank You: Car club donates ramp for man with MS

"I would like to thank some truly kind and generous members of our community," wrote Greg Streveler of Wausau.


Local election season looming

In less than two weeks, those interested in becoming the mayor of Oshkosh, sitting on the Oshkosh school board or taking a seat on the Oshkosh Common Council will be able to start circulating papers.


Studies in Crap: The Teacher's Aide, Volume 2

Each Thursday, your Crap Archivist brings you the finest in forgotten and bewildering crap culled from area basements, thrift stores, estate sales and flea markets.


Grant sought to demolish factory

The end is in sight for the village of Forestville's effort to raze the long-vacant Badger State Cheese Factory on Main Street.


'Defying Gravity' with Idina Menzel

The "green girl" is coming. That girl also goes by the name of Idina Menzel, who is known around the world as the source of the ground-shaking voice behind such memorable characters as Maureen Johnson in the ...


Shopko TIF gets the green light, allows Dumkes to move forward with northside Oshkosh development

Oshkosh will get a second Shopko. The Oshkosh Common Council narrowly voted 4-3, with councilors Paul Esslinger, Dennis McHugh and Tony Palmeri opposed, to create a tax incremental financing, or TIF, district ...


Community Notes: Fashion for Hope style show fundraiser Oct. 30

Kacia has partnered with the other apparel stores at the Shops at Woodlake Kohler to sponsor the Fashion for Hope style show fundraiser at 6 p.m. Thursday, Oct.


Kites dominate the sky in Fitchburg during worldwide peace celebration (with photos) TCT

Kites dominate the sky in Fitchburg during worldwide peace celebration Shawn Doherty - 10/13/2008 8:47 am FITCHBURG -- Mary Poppins would be happy: Dozens of families went to McKee Park on Sunday to fly kites.


A goodbye note from Northern Room

Northern Room performing at Turner Hall. Published Oct. 13, 2008 at 8:23 a.m. Tags: turner hall , northern room Friends and fans of one of the area's hottest bands, Northern Room, received a farewell e-mail ...


Courts

* Tony L. Rollins, 17, of 3188 Main St.; Granton; underage alcohol violation, $375 fine. * Christopher R. Strey, 18, Greenwood; speeding, $343.50; and no valid driver's license, $148.20 fine. * David J. Thorne, 22, of N13795 Highway D, Owen; speeding, $501 fine. * Amanda M. Jacobson, 26, of 5343 Star Ridge Road, Eau Claire; no contest plea; issuance of worthless checks; fine, costs and restitution totaling $255.22. * Amber M. Boyer, 23, of 2402 N. Peach Ave., Apt. 5, Marshfield; drunken driving; eight-month driver's license revocation, $793 fine and alcohol assessment. * Daniel J. Lieble, 21, Marshfield; drunken driving; one-year driver's license revocation, $803 fine and alcohol assessment. * Chantel R. Hardt, 21, of W222 Hickory Road, Dorchester; four counts of theft; seven days in jail with work release, 24 months probation, $684 fine and $420 in restitution. Three additional counts of theft were dismissed and read into the record. * Christopher D. Cech, 23, of 7190 Highway Y, Marshfield; resisting an officer; $476 fine. * Jordan J. Engevold, 21, of 104 E. Cleveland St., Apt. B, Marshfield; three counts of having sex with a child age 16 or older; 90 days in jail with work release, two years probation, $1,050 fine, undergo any counseling deemed necessary and have no contact with minor females. If he completes his probation, his record will be erased. * Brandon S. Shaw, 19, of 1701 N. Chestnut Ave., Apt. 201, Marshfield; revocation of probation for burglary and three counts of theft; eight months in jail with work release and credit for 134 days served. * Amanda J. Hubbell, 27, of 1009 Laurel St., Apt. 102, Marshfield; neglecting a child, disorderly conduct and possession of marijuana; one year probation, $161 in costs and undergo counseling. A charge of possession of drug paraphernalia was dismissed. * Craig J. DeCaluwe, 24, of 8271 Edward St., Pittsville; drunken driving; five days in jail with work release, 12-month driver's license revocation, $894 fine, attend victim impact panel and alcohol assessment. * Jamie L. Vetrone, 24, of 305 N. Central Ave., Apt. A, Marshfield; identity theft and disorderly conduct; two years probation, $546 fine, and undergo any counseling deemed necessary. Charges of taking and driving a vehicle without consent, theft and felony bail jumping were dismissed. A 30-day jail sentence was stayed. * Luke K. Solinsky, 21, of 240 S. Central Ave., Apt. B, Marshfield; not guilty plea; child abuse-recklessly causing harm; faces a maximum of 3 1/2 years in prison. His next appearance is scheduled for Oct. 24. According to the criminal complaint, in June, Solinsky struck a 2-year-old boy on the buttocks with his hand hard enough to cause bruising. * Daniel J. Konieczny, 44, of 9838 Westby Rd., Marshfield; default judgments; non-registration of auto and displaying unauthorized vehicle registration plates; fines totaling $384.60. * Jesus A. Ramirez, 23, of 1411 S. Locust Ave., no. 105, Marshfield; guilty plea; third offense; operating without a license; fines and costs totaling $350. Divorce * James A. Frankwick and Sara J. Frankwick, both of Marshfield, Sept. 16; woman granted name of Mayer. * Christopher L. Lafernier, 31, of 709 S. Cedar Ave., Marshfield; initial appearance Sept. 11 on two misdemeanor charges of telephone harassment; $1,000 signature bond and pretrial conference set for Oct. 2. Police investigated two phone calls Lafernier was accused of making April 5 to a woman in Marshfield, according to court records. * Joseph O. Hitz, 36, of 4908 Town Hall Road, Athens; initial appearance Sept. 11 on a misdemeanor charge of battery; $1,000 signature bond. Police investigated a report that Hitz was involved in a fight June 21 with another man in the town of Johnson, according to court records.


Ibelle B. Welch

Ibelle B. Welch, age 102 of Appleton, formerly of Oshkosh, WI, passed away on Saturday, September 20, 2008 in St.


Residents come out to give bridge a test drive

STURGEON BAY - The community of Sturgeon Bay celebrated the opening of a new bridge Sunday.


15-Year-Old Boy Accidently Shoots and Kills Himself

A 15-year-old boy is dead after he accidentally shot himself with a shotgun. The Rusk County Sheriff's Department says Brady J. Kowalski of rural Tony was killed when a shotgun accidentally discharged at his ...


Accidental shooting leaves Flambeau High School student dead

A 15-year-old boy from rural Tony died Saturday when a shotgun accidentally fired as he was removing it from a gun safe at his family's home.


Authorities: Teen dies in accidental shooting

A 15-year-old boy died Saturday in rural Rusk County from what authorities describe as an accidental, self-inflicted gunshot wound.


Troll in police custody

A cement statue of a troll placed under the new Sturgeon Bay bridge as a joke last week went missing, was found and is now sitting in an evidence locker at the Sturgeon Bay Police Department.


Traveling Back Through the Door County Advocate Files

10 Years Ago Sept. 15-18, 1998 Tony Kiszonnas, 40, a Biology teacher at Southern Door High School for the past 18 years, is one of 10 finalists for the 1998 National Football League Teacher of the Year. The tornado that caused more than $6.5 million in damage near Egg Harbor last month tested but did not overwhelm Door County's ability to handle a major disaster. The conclusion came when local officials met to critique how their plans and departments functioned when the storm hit. Palmer Johnson Inc., the Sturgeon Bay builder of luxury yachts, will claim the spotlight in world yachting circles Thursday when it unveils its crowning achievement, the 195-foot yacht, La Baronessa. The Washington Island Town Board turned down a state offer to give the town control of a dock and boat landing in Jackson Harbor. The state Department of Natural Resources proposed to give the town $460,000 as part of a 20-year plan. The Sturgeon Bay Police Department has a weapon on the war against crime. The department unveiled two new battery-powered bicycles to be used for selected patrols and also used by the Sheriff's Department for special events. Deaths: Chester Ostram Jr., 71, Sturgeon Bay; Mary Guerin, 86, Sturgeon Bay; Shirley Bergner, 70, Rileys Point; Donald Langohr, 88, Baileys Harbor; Mary Brauer, 42, Green Bay; Lucille De Fere, 96, Sturgeon Bay; Allen Moore, 83, Sturgeon Bay; Florence Young, 88, Sister Bay; Bruce Thorp, 59, Philadelphia, Pa.; Jeffery Larson, 43, Menasha; Robert Raddatz, 80, Baileys Harbor; and Donna Wold, 44, Ellison Bay. Births: A son to Randy and Dena Schmidt, Sturgeon Bay, Sept. 10. Daughters to Duane and Kathryn Sitte, Sister Bay, Sept. 9; and Tom J. Reisen and Tiffany Walling, Fish Creek, Sept. 13. Licensed to wed: Douglas L. House and Maureen G. Achter, Sept. 6; Christopher H. R. Willis and Alicia M. Daubner, Sept. 16; Brian J. Wesoloski and Sarah E. Durfy, Sept. 18; Eric D. McKinney and Trisha A. Weitermann, Sept. 18; Steven M. White and Tonia A. Vogel, Sept. 19; Scott C. Ditewig and Kathleen M. Charles, Sept. 19; Von J. Eytcheson and Marie J. Green, Sept. 19; Jason L. Geyer and Amanda M. Rouer, Sept. 26; William E. Price III and Barbara L. Andrews, Sept. 26; James E. Wunning and Tina A. Hegnet, Sept. 26; Timothy L. LaCrosse and Kim M. Thayse, Oct. 3; and Shannon B. Sikorsky and Heather K. Beyer, Oct. 10. 25 Years Ago Sept. 13-15, 1983 Sturgeon Bay city police responded to a 4:34 a.m. call at the Schultz's Family Store in the Cherry Point Mall, where they found Michael Turk, 29, stuck inside an 18-by-27-foot air conditioning duct After 35 years in business, Toni and Leo Henkel sold Leo's Tavern and Restaurant to Amy and Willie Schartner. An Illinois motorcyclist is the county's third fatality of the year. LaVern Truesdell, 40, Manteno, Ill., was found dead along Wisconsin 42 in the town of Gibraltar. Gibraltar School District voters agreed to maintain the current tax levy of 42 million. The budget is up 6 percent. County enrollment this year includes 4,657 students, 18 less than in 1982. Two new private schools opened this fall: Christian Haven Academy in Maplewood, with 15 students, and St. Peters Lutheran School in Sturgeon Bay, with 53 pupils. High school enrollments are: Sevastopol, 234; Gibraltar, 200; Sturgeon Bay, 473; Southern Door, 513; and Washington Island, 27. The Door County Racquet Club is closed for financial reasons, according to Henry Isaken, a partner in the group-owned facility. The building will be featured on WFRV-TV after it was selected as a national first place winner by the Metal Building Manufacturers Association. Deaths: Sylvia Crass, 69, Sturgeon Bay; Sylvester Klotz, 69, Sturgeon Bay; Ralph Gifford, 77, Sun City West, Ariz.; Rose Motquin, 83, Sturgeon Bay; and Kay Lehmann, 42, Sullivan. Births: A daughter to Donald and Carol Barry, Whitewater, Aug. 31. Licensed to wed: William Booth Jr. and Jeanette Fick, Des Plaines, Ill., Sept. 9; Joe Alexander and Gail Karvonen, Portland, Ore., Sept. 17; Dale Miller and Linda Vertz, Sturgeon Bay, Sept. 17; Robert LaLuzerne, Nasewaupee, and Mary Lou Grovogel, Forestville, Sept. 17; Mary Raymond, Sturgeon Bay, and Jo Ann Mueller, Kewaunee, Sept. 22; Kurt Minten and Carla Schmelzer, Sturgeon Bay, Sept. 24; Joseph Riederer and Julie Kaye, Forestville, Sept. 24; Thomas Huffman and Nancy Wetak, Nasewaupee, Oct. 1; and Douglas Schopf, Egg Harbor, and Dena Colombo, Sevastopol, Oct. 1. 50 Years Ago Sept. 16-18, 1958 The Sturgeon Bay Common Council agreed to a request from the Harbor Commission for $2,000 to be used in making a survey of the railroad bridge crossing in Sturgeon Bay. The draw of the railway bridge and the draw of the adjacent highway bridge are not in line, making a navigational hazard. The problem was created in 1931, when the state constructed the highway bridge and failed to line up its draw with the draw of the railway bridge. Three people died in one of Door County's worst automobile accidents. The two-car crash on County X, east of Rosiere, on Sept. 14 claimed the lives of Janice Andre, 18, Forestville; Kenneth Grundhoeffer, 31, Casco; and Lois Halada, 15, Casco. Thomas Birmingham of Gibraltar is the new president of the Peninsula Conference. Adolph 'Duffy' Schinkten of Sturgeon Bay was elected president of the Wisconsin Counties Association of Real Estate Description Departments. Mr. and Mrs. Lloyd Christianson purchased the former John J. Draeb jewelry store from Doris B. Draeb of Sturgeon Bay. Deaths: Mollie Weiterman, 73, rural Sturgeon Bay; Carl Holt, 39, Biloxi, Miss.; Nels Nelson, 78, Washington Island; Arthur Johnson, 50, Milwaukee; and Mabel Lallermont, 60, Sturgeon Bay. Births: Sons to Mr. and Mrs. Russell Jandrin, rural Algoma, Sept. 15; M/M Robert Herlache, Algoma, Sept. 16; M/M Edwin Schwartz, and rural Sturgeon bay, Sept.13. Daughters to Mr. and Mrs. David Solchenberger, Algoma, Sept. 16; and M/M Harry Purington, Sturgeon Bay, Sept. 12. Licensed to wed: Roy H. Englebert, Forestville, and Joyce Tebon, Algoma, Oct. 4; Wilmer Pennock and Shirley Hanson, both of Sturgeon Bay, Sept. 20; Ralph Schartner, rural Sturgeon Bay, and Bonnie Mosgaller, Egg Harbor, Sept. 20; Donald E. Cole, Green Bay, and Joyce M. Bretl, Maplewood, Sept. 27.


Anton 'Tony' Gessler

Anton 'Tony' Gessler, 72, Schofield, died Monday, Sept. 15, 2008, under the care of Aspirus Comfort Care and Hospice Services at Wausau Hospital.


Haentze Floral celebrating 150 years of blooming business

Fond du Lac's second oldest business has seen more than a century's worth of smiles and tears.


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