Almond, 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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| Almond, Wisconsin News |
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3 file to run for seats on Tri-County Area School Board
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Court Records
Source: Portage County Clerk of Courts Cynthia M. Baake, 51, Milladore, convicted of operating while intoxicated.
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Lawrence J. Grant
Lawrence Joseph Grant, 62, Almond, died peacefully at home Dec. 14, 2008, surrounded by his family.
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Five west central Wisconsin cities seek Brownfield grants
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Stevens Point library sees increase in patronage because of economic downturn
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Rosholt pushes for larger library
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Raymond Sanchez Jr.
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Countywide baiting ban isn't rational
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Baiting and feeding ban goes into effect in Marathon and Wood counties Dec. 15, 2008
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Authorities asking for assistance with solving burglaries
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Corrections from Thursdays Journal
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Police log
Vandalism/criminal damage to property: Nov. 12 around 10:55 p.m., sheriff's deputies received report of pumpkins being thrown off the overpass near 1-39 and Janick Circle, Hull.
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Margaret A. Harvath
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Family living educator helps create household bonds
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Trick-or-Treat hours set for Stevens Point and surrounding areas
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Ruth A. Fuller
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Pat Durkin column: State's ho-hum CWD response is a gamble
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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