Rockaway, NJ Divorce Buyout in New Jersey
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 New Jersey, 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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| Rockaway, New Jersey News |
Rockaway Twp. cops: Accused peeping Tom no first-timer
ROCKAWAY TWP. -- A Rockaway Township resident arrested after allegedly peering into a kitchen window in the White Meadow Lake section Sunday night has been charged with 15 counts of criminal trespassing and two ...
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Rockaway yogi to help animals
During February, New Jersey yoga instructors are asked to come together in raising money for a worthwhile cause -- the best way they know how -- by bending, stretching and relaxing.
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Rockaway won't get Democrat after all
ROCKAWAY -- The first Democrat elected to the borough council in 20 years declined his three-year term for personal reasons, Mayor Kathyann Snyder said during Monday's reorganization meeting.
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Thanks for helping effort succeed
To the Editor: The Morris County Park Police wishes to thank all the citizens, organizations and business that donated to our annual Saddle Up for Toys drive.
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News from around the PTW area
Central Jersey Cat Fanciers will conduct its eighth-annual cat show this weekend at the Parsippany Hilton, 1 Hilton Court.
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2 Colo. men accused of illegally having gun in car
ROCKAWAY TWP. -- Two Colorado residents were arrested Monday on gun charges after officers stopped them on Green Pond Road and later found a loaded .357 caliber handgun between the two front seats of their car, ...
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Ex-Picatinny engineer pleads guilty in spy case
NEW YORK -- An 85-year-old former Army mechanical engineer pleaded guilty to conspiracy Tuesday and admitted he passed classified documents to the Israelis in the 1970s and '80s. Ben-ami Kadish told U.S. ...
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The tree is trimmed and ready for a Merry Christmas
Kids place ornaments on the Rockaway Township tree. The Rockaway Township Christmas tree outside the Municipal Building has been making nights brighter since the tree-trimming and lighting ceremony that was ...
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Resident chargedwith drug offenses in Rockaway Twp.
A 19-year-old township man was charged with manufacture, possession and distribution of a controlled dangerous substance , police said.
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4 Morris schools ranked among U.S.'s best
Four public high schools in the county were ranked among the nation's best by U.S. News & World Report.
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Renovated Rockaway ranch
Located at 11 Hickory Place in the Parks Lake section of Rockaway, this three-bedroom expanded ranch has been renovated and is well maintained.
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Dredge spoils will provide dunes so turtles wont cross road
Cedar Run Dock Road begins at Route 9 in Stafford Township, cuts through forest and weaves its way southeast into Eagleswood, where it glides just a few inches above marshes and passes plywood signs that read ...
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Colonial shows like new
Built in 2006, this four-bedroom Colonial located at 1078 Green Pond Road in Rockaway Township shows better than new.
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New Hydro Unit Focused on Solar Industry
Expands experience and capabilities in solar market with dedicated staff and resources ROCKAWAY, N.J., December 16, 2008 - Product Design & Development - Hydro's Extrusion Americas unit has created a dedicated ...
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Workshop will teach how to make sweets
ROCKAWAY TWP. -- A hands-on demonstration on how to make easy no-cook sweets will be held Thursday at the library, 61 Mount Hope Road.
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Your Christmas tree is waiting
After 11 years of Christmas tree farming, Kevin Fleming of Long Valley knows the drill -- as in the one he uses to custom-fit your freshly-cut tree to its stand.
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Village Council Awards $300K Contract For Vets Field Restroom Construction
On Wednesday evening, the Village Council unanimously approved the award of a $300k contract for the construction of public restrooms at the Kasschau Memorial Shell to the TQM Construction Company of Rockaway, ...
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Rockaway teen a 4-H standout
The event also honored many 4-H leaders and members for their various achievements throughout the year.
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Snapshots: Rockaway Rowdies
Special to Denville Rockaway This Week The Rockaway Rowdies soccer team was unbeaten and untied in the Rockaway Valley Soccer League and finished in 1st place with a 10-0 record.
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Police promotions in Rockaway Township
At a recent Rockaway Township Council meeting, filled with family, friends and departmental staff, Mayor Louis Sceusi presided over a swearing-in ceremony promoting four Rockaway police officers.
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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