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Whitewater, 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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Whitewater, Wisconsin News
Weston plans to run for Jefferson County judge

Jennifer L. Weston has filed a Declaration of Candidacy and begun circulating nomination papers with the hope of becoming Jefferson County's next Branch I Circuit Court Judge.


Singing in the holiday

As people around the world get ready for the holiday season, students and staff members have been making preparations of their own.


Volunteering is HOT

Interested in lending a hand this holiday season? These campus organizations are giving back.


Snow slammed southern part of state

Southeastern Wisconsin's first major snowstorm caused power outages, some schools to open late and slippery roads.


Public Record for Nov. 29, 2008

11, Delavan, at 5:44 a.m. Wednesday. Espinoza was injured and reportedly transported to a local hospital.


Public Record for Nov. 22, 2008

ALEX E. MURPHY, 20, of 2906 Kennedy Road No. 9, Janesville, at 3:26 a.m. Friday at the Janesville Police Department on a charge of possession with intent to deliver marijuana within 1,000 feet of a park.


Pasture to product: Premium milk comes from local cows

Every morning, Mark Lauber gets up at 5 a.m. to feed the cows. By 5:30, he has begun to milk the roughly 55 cows he and his family milk twice each day.


Community assistance requested in effort to curb rising vandalism trend

A cooperative investigation has been opened between the Jefferson County Sheriff's Office, Whitewater Police Department and University Police into the continued damage and theft of property along the Tratt ...


Public record for Nov. 20, 2008

BURGLARY reported Wednesday in the 200 block of North Palm Street, Janesville. The victim reported a lawn mower valued at $410 stolen from her garage.


Karl Lavine: Busy MSO cellist strives for harmony at home

Two full-time professional musicians plus two middle school-age children equals one chaotic family melody.


Whitewater city budget

Highlights: City Manager Kevin Brunner, who described the budget as "austere," said a number of fee increases have been proposed to generate more revenue including: -- Parking fines: The budget proposes parking ...


Pointers to host football playoff opener

The No. 13-ranked University of Wisconsin-Stevens Point will host Wartburg University in an opening round NCAA Division III football playoff game on Saturday at Community Stadium at Goerke Park in a noon ...


Helen M. Katte

Helen M. Katte, 96, of Sheboygan, died peacefully at Terrace Estates on Wednesday, November 12.


Dems say state budget hole will put a damper on their big ticket items

Wisconsina s new Democratic leaders say the faltering economy will put a damper on their biggest ideas.


Basement can become a winter playground

The mercury is beginning to dip along with the falling leaves. Soon the same children who are anticipating snowflakes will begin complaining about frozen fingers and toes.


Titans to host NCAA Division III volleyball regional

The University of Wisconsin-Oshkosh volleyball team will host an NCAA Division III regional this week as part of the NCAA tournament.


1972 Dci World Championship Performances Restored, Released On DVD

DRUM CORPS INTERNATIONAL Hall of Fame member and DRUM CORPS WORLD publisher STEVE VICKERS in cooperation with THE TROOPERS, has released a brand new DVD set featuring performances from the first 1972 DCI World ...


Hixson defeats Towns to keep Assembly seat

Rock County voters favored Republican challenger Debi Towns for the 43rd Assembly District, but ballots from three other counties gave Democratic incumbent Kim Hixson the lead.


Children's Theatre presents - Stuart Little'

The endearing classic tale of the adventures of a tiny mouse named Stuart will come alive when the Racine Children's Theatre and sponsor Junior Women's Club present eight performances of "Stuart Little" Friday ...


Whitewater's haunted history

Junior Jessica Theis wonders what lurks behind the grave stones of Cavalry Cemetary when she walks past the spooky site located in the middle of campus.


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