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Arkansaw, 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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Arkansaw, Wisconsin News
Durand school board ranks may be reduced With declining enrollment and the need to watch every dollar, the Durand school board Wednesday could cut two board positions, reducing the number of members from nine to seven.
The Tulip Farm stand at the Burnsville Farmers Market The sweet scent of cantaloupe lured me to the Tulip Farm stand at the Burnsville Farmers Market last Saturday, where Mary Bueling gave me a fast and insightful melon-buying tutorial.
Mabel Tainter receives prestigious award Click to enlarge image No one seemed to be camera shy after the award presentation at the Mabel Tainter on Thursday afternoon.
Around Town Oktoberfest organizers are seeking German, Bavarian or Oktoberfest items to display in the Family Fun Building display case at the sixth annual Oktoberfest at the Northern Wisconsin State Fairgrounds in ...
More consumers are purchasing organic meat Customer Susan Mitchell of Pepin left the store at Midvalleyvu Family Farm with maple syrup and popcorn in hand.
More consumers are purchasing organic meat Customer Susan Mitchell of Pepin left the store at Midvalleyvu Family Farm with maple syrup and popcorn in hand.
Workshop helps kids with showing animals Jordin McMahon took her calf from the barn to the water spouts Tuesday near the cattle show ring at the Pepin County Junior Fair.
Dean's List The following students from west-central Wisconsin have been named to the dean's list: UW-Stout Almena: Micah Fauske.
Workshop helps kids with showing animals Jordin McMahon took her calf from the barn to the water spouts Tuesday near the cattle show ring at the Pepin County Junior Fair.
Recipe: Johnny Michaels' strawberry lemonade Posted on July 9th, 2008 7:26 AM By Rick Nelson A close-up of some of Marvel's strawberries.
The Great Strawberry Adventure Posted on July 8th, 2008 3:23 PM By Rick Nelson After spending a few hours on my hands and knees at Sam's Produce in Arkansaw, Wis., I am convinced that everyone should incorporate strawberry picking into their ...
Program helps kids learn basics of tractor operation It was all that 12 boys could do Wednesday to contain themselves from getting on a tractor to show their driving skills at a Durand-area implement dealer.

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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.