Albany, 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
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| Albany, Wisconsin News |
Public record for Jan. 5, 2009
BURGLARY reported Dec. 28 in the 900 block of North Wright Road, Janesville. A purse and wallet were reported missing.
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Legendary top-gun lobbying duo at odds over money
For 20 years, Republican Neil S. Clark and Democrat Paul Tipps were Capitol Square's lobbying kingpins, partners who wielded more influence over public policy than most lawmakers and who forged a seemingly ...
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Two arrested after Wednesday hit and run
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Weekend Getaway: Spring Green
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Cross Country: Amish auction features quilts
As seems customary, clear skies, a bright sun and balmy weather greeted the 2008 edition of the Clearview School Auction held at the school grounds on Highway 104 between Brodhead and Albany in Green County.
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Soggy ending to Farm Technology Days doesn't dampen family's spirits
Late last week, life began a return to normalcy at Country Aire Farms near Greenleaf.
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Soggy ending to Farm Technology Days doesn't dampen family's spirits
Late last week, life began a return to normalcy at Country Aire Farms near Greenleaf.
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News
Sheriff and Police reports june 2-7, 2008 At 5:15 p.m., Wednesday, deputies arrested Irby L. Swatsell, 32, Brodhead, on a Green County warrant in the City of Brodhead.
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Visit bike stops and dairy shops on your dairy-delicious tour
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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