Wautoma, 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
| Wautoma, Wisconsin News |
Family continues Christmas tree tradition; tips for finding the best tree
The wet snow soaked Susan Leger's jacket Sunday as she watched her husband, Steve, help put their Fraser fir into the back of their pickup truck.
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Football: Norths Wara is first-team all-state at linebacker
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NASCAR Cafe Middle Schoolers rev up with Strawberry Milk
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Wautoma wins state title in shutout
The Wautoma Hornets won their first ever WIAA state football title tonight, after defeating the Big Foot Chiefs 20-0. The Hornets, behind coach Dennis Moon, battled through the snow and periodic snow to ...
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Constance J. Benedetto
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Town of Rushford crash injures three
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George Kroes
George Kroes, age 87, of Wautoma, passed away at his residence on Wednesday evening, November 5, 2008.
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Wrightstown at Wautoma-Faith Christian
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Irma Elsa (Weinkauf) Wilcox
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Record-breaking weather
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Art notes: Around the Valley
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Wautoma/Faith Christian at Oconto
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Security Health Plan of Wisconsin to hold Advocare meetings
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Waushara County Sheriff's Department joins state task force on Internet Crimes Against Children
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CAP Services gets $30,000 Wal-Mart grant
STEVENS POINT -- CAP Services Inc., Stevens Point-based community action agency, has received a $30,000 grant from Wal-Mart to support its Fresh Start programs in building homes for low- to moderate-income ...
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Casimir 'Casey' Kostro
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Suspects identified in vegetable stand thefts
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Stevens Point Fresh Start program to receive Wal-Mart grant
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Supper addresses poverty issues
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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