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Waupun, 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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Waupun, Wisconsin News
Waupun all dressed up for Avenue of Angels celebration

WAUPUN - Sidewalks in the city of Waupun are dressed in holiday style for Avenue of Angels being held this week through Friday.


Avenue of Angels starts today in Waupun

Sidewalks in the city of Waupun are dressed in holiday style and ready for Avenue of Angels held this week through Friday.


Waupun schools may push for $3 million referendum

More than 100 people attended the Waupun Area School District board meeting Monday to share their opinions on the preliminary ideas proposed by district administrator Randy Refsland to balance the 2009-'10 ...


Waupun students will present 'Christmas Messiah' Thursday

Central Wisconsin Christian School students in Grades 4K through 5, will perform Handel's "Christmas Messiah" at 7 p.m. Thursday, Dec.


Waupun, Dodge County News & Not

The Culver's restaurant in Waupun will be honoring the memory of a former employee, Amanda Gast, and helping out the Gast family on Wednesday, Dec.


'Fill 'er Up' recalls service with a smile

A new coffee table book for motor heads is out in time for the holidays. 'Fill 'er Up: The Glory Days of Wisconsin Gas Stations' includes an impressive Art Deco structure located on North Main Street in Fond du ...


Horicon man injured in Dodge County crash

A 45-year-old Horicon man remained hospitalized Monday following a one-vehicle crash in the town of Trenton Friday night.


Tractor theft leads to jail sentence

A Waupun man accused of stealing a lawn tractor from a Waupun implement dealer will spend time in jail.


Waupun area news and notes

The Waupun Area Community Choir will present a mass choir cantata, 'The Church Triumphant,' at 7 p.m. today at First Reformed Church, 422 W. Franklin St., in Waupun.


Man sentenced for lawn mower theft

A Waupun man convicted of stealing a John Deere lawnmower from Ballweg Implement was sentenced Wednesday to jail.


Projects, purchases cut from Waupun budget

State levy limits have forced Waupun officials to put more than $500,000 of capital improvement projects and purchases on the back burner.


Police say Dodge chase was necessary

To pursue or not to pursue: It's a split decision patrol officers must make, especially in a situation involving a high-speed chase.


Waupun woman, 19, killed in Sauk County crash

The Sauk County Sheriff's Office said Tuesday afternoon that the young woman killed in an accident attributed to icy road conditions Monday night was Amanda M. Gast, 19, of Waupun.


Waupun woman convicted of fifth drunken driving offense

A Waupun woman found guilty of her fifth drunken driving offense will spend a year in the Dodge County Jail.


Runaway teens lead police on chase through Dodge County

A chase with a stolen car that began in Horicon and ended in Waupun damaged three squad cars and resulted in the arrest of two runaways from Waupaca County.


Waupun Area News

The musical group comprised of Glenn Navis, Casey Carney and Sue Reichoff will perform at 9 a.m. Sunday, Nov.


Warning: Deer on the move

Motorists are advised to watch for deer, especially when driving in the early morning and evening.


Inmate Who Attacked Guards Killed Officers

The Fox Lake prison remains locked down Tuesday after a convicted murderer attacked two guards with a claw hammer.


Waupun Council votes down deer feeding ban

Waupun Common Council has nixed a proposal to ban feeding of deer within city limits.


Inmate Attack: Why Minimum Security Prison?

A convicted murderer is accused of striking again, but this time, Terrance Davis is accused of hitting two prison guards with a claw hammer.


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