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Woodland, 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
| Woodland, Wisconsin News |
Crime's appeal on film unreal
"They have a great deal of knowledge about what they're doing." During my visit to a journalism seminar at the University of Wisconsin-Oshkosh this month, there was some talk with students about a rash of armed robberies on college campuses in Milwaukee. via Milwaukee Journal Sentinel
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State's old vehicles have tales to tell
"Because (the crane) wouldn't sit still, one of us would drive the squad and we would hold the bird by the neck so it couldn't bite and by the legs so it couldn't scratch." MADISON - In four years with the Wisconsin State Patrol, squad car No. 2515 caught speeders, ferried prisoners and chased fugitives. via WisInfo
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Habenicht sentenced to three years' prison
A 46-year-old jet boat operator who caused a fatal accident through his drunken driving was sentenced last Friday to three years of confinement in the Wisconsin Prison System. via Vilas County News-Review
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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