Altoona, 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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| Altoona, Wisconsin News |
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Online
Notices of government meetings and special events of communitywide interest should be submitted in writing to: Leader-Telegram, P.O. Box 570, Eau Claire, WI 54702-0570. E-mail: leadertelegram@ecpc.com. Fax: ...
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Rides being offered to New Year's revelers
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Cummins, Kneer not running for school board re-election
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Wisconsin Man Chooses Jail Over Paying $1.57 for Soda
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Man Steals Soda, Goes To Jail
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Preliminary Cause of Duplex Fire Released
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Fire destroys family's home on Christmas
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Two former UW-EC profs plan to run for school board
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Sexual assault charge dropped
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City hires new police chief
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Weekend prep hockey and basketball scores
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Altoona grad helps rebuild house on ABC's 'Makeover'
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Holiday visit no joke
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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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