Kaley is a recently divorced woman looking for a Green Bay Wisconsin refinance. Kaley was divorced about 2 months ago and was awarded the home in the divorce settlement provided she pays her husband his share of the equity in the home. Kaley just wanted to move past the divorce and get this transaction done as quickly as possible. They had been married for about 15 years and had never refinanced since they purchased the home. The current interest rate was at 7.5% and had built enough equity to provide the $20,000 to the ex husband.
Kaley’s goals were easy to identify. She simply wanted to pay off the ex husband with this Green Bay Wisconsin refinance and also attempt to lower her payments because there was only one income at this point. It was imperative to her to take the former husband’s name off the title and just wanted to lower the Green Bay Wisconsin mortgage interest rate.
There was a lot of equity in the home and Kaley had very good credit. She had been on her job for the entire marriage and had also acquired a very nice 401K reserve account. She also received child support income but was not necessary to utilize for approving this loan.
WI-Mortgage.com successfully closed this Green Bay Wisconsin mortgage refinance. The former husband received his $20,000 and was removed from the property title. Additionally, WI-Mortgage.com was able to actually lower her payment and extending the term to 20 years! It was a “win-win” for both parties. She got a lower payment on her Green Bay Wisconsin Mortgage and his name off the title, while the former husband received his money.
WI-Mortgage.com was able to accomplish all the stated goals of the Green Bay, Wisconsin refinance by getting all the required documentation up front, maintaining contact with the former husband and his attorney, and getting cooperation of everyone involved to make this a smooth transaction.
In only 15 days, WI-Mortgage.com was able to provide Kaley an outstanding Green Bay Wisconsin mortgage that allowed her to pay her ex-husband $20,000 and to lower her payment and only extend the term by 5 years!
If you are ready to start the process for your Green Bay Wisconsin home purchase or get a great Green Bay Wisconsin refinance mortgage please call me at 920-623-9245 or visit my site: frankpabon.com or WI-Mortgage.com!