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Armstrong Creek, 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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Armstrong Creek, Wisconsin News
Menominee Indian, Tribal schools opening late The following northeastern Wisconsin schools have reported opening two hours late today.
Guest column: Mary Bell This is American Education Week, and it emphasizes the importance of investments and teamwork in keeping Wisconsin's education tradition strong.
My View: Celebrate what makes schools great This is American Education Week, an event that emphasizes the importance of investments and teamwork in keeping Wisconsin's education tradition strong.
Let's Take A Ride: On Highway 8 This week's ride begins at Pembine, at the intersection of Hwy. 141 in Marinette County, and ends in Ladysmith in Rusk County.
Goodman Centennial Attracts Thousands Thousands of visitors flocked to tiny Goodman over the weekend to help celebrate the community's 100th birthday.
Community : Beautiful weather in the Northwoods this weekend Correspondent It was another beautiful weekend in the Northwoods, with a little rain on Friday.
Sports : Volleyball clinic held in Armstrong Creek Correspondent Last week, Goodman-Armstrong Creek head volleyball coach Michelle Kessel worked in the three allowed contact days with a clinic that she and assistant coach Nikki Millan conducted.
Forest County Commission on Aging seeks to fill two vacancies The Forest County Commission on Aging is looking for interested Armstrong Creek/Blackwell/Cavour/Laona/Newald/Wabeno residents to apply to fill two vacancies on the Commission on Aging Committee.
Forest County Commission on Aging seeks to fill two vacancies The Forest County Commission on Aging is looking for interested Armstrong Creek/Blackwell/Cavour/Laona/Newald/Wabeno residents to apply to fill two vacancies on the Commission on Aging Committee.

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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.