Algoma, 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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| Algoma, Wisconsin News |
Algoma increases participation in energy program
As a sign of its commitment to the environment, the Algoma Utilities Commission has approved the purchase of 25 blocks of renewable energy for its utility accounts.
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News in Northeastern Wisconsin
There is time to register for the General Master Gardener Volunteer Program, to be held from 6 to 9 p.m. Tuesdays from Feb.
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Memories for Dec. 31
"Biddy Basketball" will again be offered for Luxemburg-Casco third- and fourth-grade boys and girls by the Green Bay YMCA.
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Record snow hasn't busted area town snow budgets
Record snowfall in December hasn't burst snow removal road budgets in the towns of Algoma, Oshkosh and Black Wolf as we head into the New Year.
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News in Northeastern Wisconsin
Algoma Second District alderperson Ken Iwen has filed a letter of non-candidacy, indicating he won't seek re-election to the Algoma City Council in the April spring election.
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Van fire charges, drug busts dominate
Though the van fire that killed two children and injured two others happened Nov.
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Algoma Year in Review: City experienced 'pretty average year' in 2008
The year 2008 was 'a pretty average year' for Algoma, according to city administrator Tom Romdenne.
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Holiday services offered
Harvest Community Church, E1479 Rockledge Road, Luxemburg, will have a Christmas Eve Candlelight service at 5 p.m., Wednesday, Dec.
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School board takes 10% pay cut
Board members will get $6 less per meeting starting in Jan. BY LEE LAWRENZ * Kewaunee County News * December 24, 2008 Concerned by economic uncertainties with the state budget regarding education, the Algoma ...
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Memories for Dec. 24
Merle Colburn, former choral director for Algoma schools for over 30 years, has been selected to lead the more than 100 members of the Peninsula Chamber Singers, a Door County-based choral group.
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Get cancellations, send us your closings and snow photos
If your event or classes are closed, canceled or postponed today because of the storm, let us know and we'll post it on our Web site.
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In the Service
U.S. ARMY RESERVE: Shana M. Vandertie has joined the U.S. Army Reserve under the delayed training program.
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Letters: City plowing policy defies public safety
Today I called the City to inquire why Murdock, was only being plowed 1 1/2 lanes since its two lanes in both directions.
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Algoma street project completed for winter
The $534,571 County S project within the city of Algoma is more than 75 percent complete, but the remaining work will be done in spring.
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County raises over $16K for MDA
Algoma hosted the MDA Lock-Up on Thursday, Dec. 4, and the community joined forces to raise money for local MDA clients and families at the annual MDA Lock-Up. The Algoma City Hall saw over 40 citizens from the ...
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Home destroyed in fire
A fire destroyed a second home in southern Door County. It was the second home in the area to be lost to fire within a week.
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Charity to give out musical instruments
A holiday harp circle concert this Friday will mark the official kick-off fundraiser for Gifts For Music LTD, a project planned by Jim Valentino of Algoma and his late wife, Pat.
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A trip to Normandy is a learning experience for students
As another Pearl Harbor anniversary approaches Dec 7, some local youths are particularly interested in that era and can appreciate the cost of freedom.
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Memories for Dec. 3
Algoma Senior Brett Beckmann lost his shoe with nearly a half-mile remaining, but still managed to finish first in a 5,000-meter cross country race held at Southern Door High School Thursday.
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Kewauee County to conduct emergency response exercise
Kewaunee County emergency response agencies will demonstrate their ability to respond to a nuclear power plant incident during an exercise scheduled for Dec.
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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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