Amherst Junction, 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.
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| Amherst Junction, Wisconsin News |
Grandson of Amherst Junction couple achieves Eagle rank
Nic Cavarretta, 14, the grandson of Phil and Shirley Gormley of Amherst Junction, has completed his Boy Scouts of America requirements to achieve the rank of Eagle Scout.
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Police
Arson/OWI: Around 12:54 a.m. Monday, sheriff's deputies responded to a call from a 33-year-old Amherst Junction woman who said her brother, a 33-year-old from Amherst Junction, claimed to have burned his house ...
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Stevens Point food pantries receive a larger influx of people in need because of tough economy
Operation Bootstrap in Stevens Point had a record-breaking day this week. The nonprofit organization that helps needy families get back on their feet provided 37 families -- 140 people -- with groceries Monday.
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Todays births
Nov. 11, 2008 GOTTSCHALK, Stacy and Keith Phillips, Iola, a son, Logan Adam. Nov. 12, 2008 FUGIASCO, Lisa and Ernesto Rodriguez, Junction City, a daughter, Valentina Sanjuana.
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Stephen J. 'Steve' Kubala
Stephen J. 'Steve' Kubala, 53, of Stevens Point, died Friday morning, Nov. 14, 2008, at Saint Michael's Hospital.
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Underage drinking sting nets 12
Twelve establishments failed alcohol compliance checks Wednesday, resulting in at least five citations from the Portage County Sheriff's Department, Sheriff John Charewicz said.
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Trick-or-Treat hours set for Stevens Point and surrounding areas
The following trick-or-treat hours will be observed on Friday: Almond - 5 p.m. to 7 p.m. Amherst - 5 p.m. to 8 p.m. Amherst Junction - 5 p.m. to 8 p.m. Junction City - 5 p.m. to 7 p.m. Milladore - 6 p.m. to 8 ...
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Local veterans trial goes to jury
The case involving a veteran who pleaded guilty to crimes he committed while he was stationed in Iraq went to trial this morning, a Justice Department spokeswoman said.
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Meetings
Today Stockton Town Board, 9 a.m., town hall. Agenda includes 2009 budget. Monday Town of Linwood Plan Commission, 9 a.m., town hall.
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Roe celebrates 90th birthday
Eileen Roe of Amherst Junction celebrated her 90th birthday with a dinner for family and close friends at Golden Corral, Plover.
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Tour gives visitors look inside artists' studios
More than 20 local artists and 10 working art studios in Portage and Waupaca counties will be featured during the fifth annual Hidden Studios: Art Along the Ice Age Trail tour Friday, Saturday and Sunday.
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Midwest: All Over the Map
Stone Lake: "Stone Lake Cranberry Festival." You can't get enough cranberries so if you find yourself in northwestern Wisconsin on Saturday, head to Stone Lake for their berry good day.
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Todays death notices
Walter P. Policht, 82, Amherst Junction, Saturday Bernice B. Firkus, 82, Stevens Point, Sunday Mary G. Haessly, 83, Whiting, Saturday Carl E. Morton, 83, Stevens Point, Saturday George Zmuda, 86, Stevens Point, ...
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Police log
Criminal damage to property: Sunday around 4:24 a.m., officers received report of damage to a vehicle at Kmart, 111 Division St.
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Meetings
Today Village of Plover Police and Fire Commission, noon, municipal center. Agenda includes discussion and possible action on Police Department's use of force, firearms training range, EVOC/PIT, domestic ...
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Local Red Cross volunteers leave for Texas
The American Red Cross is getting ready for Hurricane Ike. For the fourth time in a month, the Red Cross is moving people and materials in anticipation of a hurricane landfall.
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Police log
Possession of marijuana: Wednesday around 9:56 p.m., a 17-year-old Stevens Point male was cited for possession of marijuana near the 1200 block of Third Court.
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Local teenager earns Eagle Scout honors
Craig Beer, son of William and Peggy Beer of Stevens Point, and grandson of Merlin and DeAnn David of Nekoosa, will be honored at an Eagle Scout Court of Honor Ceremony to be held at a later date in Stevens ...
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Illegal sportsbook operator sentenced to 4 months in prison
A man who operated a $400 million Caribbean-based sports bookmaking operation for Wisconsin and Nevada managers was sentenced Tuesday in federal court to the four months he has been detained since his arrest.
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Doyle in Amherst Junction to announce grant money for farmers
Gov. Jim Doyle was in Amherst Junction Monday to award about $80,000 in grant money to help educate and train farmers interested in grazing their livestock rather than conventionally feeding the cows in barns.
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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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