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Wales, 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.

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Wales, Wisconsin News
Santa Claus arrives in Wales in fire engine

Hop onto a horse-drawn wagon sponsored by the Delafield Chamber and enjoy the fresh air as you view the historic Welsh-flavored Village of Wales during Christmas in Wales from 11 a.m. to 2 p.m. on Saturday, ...


Golden Innovations Donates $5,000 to Kettle Moraine Food Pantry

Delafield-based Golden Innovations donated $5,000 to the Kettle Moraine Food Pantry during a check presentation held at the food pantry in Wales on November 25.


International Nativity Display Coming to Wales Saturday, December 13

Over 100 nativities from around the world will be exhibited in a walk through Display at the Church of Jesus Christ of Latter Day Saints from 11am to 4pm on December 13th.


KM orchestra director receives state honors; Susan Chandler says music is essential to students

Susan Chandler, director of orchestras at Kettle Moraine High School, has again been rewarded for her passion and effort as a teacher.


Zumba Classes - 2 New Locations/Times

Zumba fitness classes are so popular because they are easy to follow, a great calorie burn , and FUN FUN FUN!!! Move your body to the rhythms of a Latin beat, get rid of stress and dance your way to a more fit ...


Public information meeting October 7 for WIS 83 in Waukesha County

The Wisconsin Department of Transportation Southeast Regional Office in Waukesha is announcing a public information meeting to discuss the proposed improvements to WIS 83 in Waukesha County.


Seeking clear picture on surveillance photos

Do surveillance cameras make you nervous? Not that you'll get caught doing something wrong by one of them, or maybe even something illegal.


Waukesha County To Hold Mass Casualty Exercise

Don't be alarmed if you see some strange activities in Waukesha County later today.


Wales considering security cameras

Once peaceful parks in quiet southwestern Waukesha County communities suffered so much summer vandalism that at least one community is considering installing security cameras.


Fetch and shed all in day's work for sheep dogs

Maybe it's the way Alasdair MacRae whistles his commands that makes him a world-class shepherd and dog handler.


Church Notes

Pickett The annual Peniel Welsh hymn singing festival known as a Gymanfa Ganu , will be held at 2:30 p.m. Sunday, Aug.


Milwaukee Talks: News/Talk 1130's Jay Weber

Published Aug. 21, 2008 at 5:44 a.m. Tags: jay weber , news/talk 1130 , wisn , mark belling , bob dolan , brett favre , rush limbaugh , sean hannity , charlie sykes Jay Weber doesn't quite "fit the suit" of a ...


Lexa's spirit carries on through art fair

Donna Lexa of Wales was neighbor and friend to many. She was dedicated to her church, Jerusalem Presbyterian in Wales, her community and art.


Waukesha County Community Briefing

The Salvation Army in Waukesha still needs volunteers to staff red kettles during a special fund drive starting today.


Group raises coins to help fellow Girl Scout

Girl Scouts from local unit Alpha Moraine raised money last week for a fellow Scout.


Scout's blood drive honors 2 recipients

One of the fallouts of my successfully treated breast cancer three years ago was word from the Blood Center of Wisconsin that I could no longer donate blood - ' at least not for 10 years.


The Wisconsin Connection

With a population of 2,567, the Village of Wales, Wis., doesn't qualify as a ghost town.


Cornfield raises hackles in Wales

The kettle is hot, but the corn isn't popping just yet. Cornfield Photo/ William J. Lizdas Traffic on Highway 18 west of Waukesha whizzes past a 7-acre cornfield earlier this week.


Peace walkers come to Jefferson County

Several peace-minded individuals are putting their hearts into an endeavor that will likely touch the lives of many people before their goal is reached.


Reward offered for park vandalism info

Village of Wales - The Village Board has agreed to offer a $1,000 reward for information that leads to the arrest and conviction of anyone responsible for the recent vandalism done to the soccer pavilion at ...


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