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Alpine, NY Divorce Buyout in New York
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 York, 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.
Return to bad credit divorce buyout in the state of NY
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| Alpine, New York News |
Some post offices will shorten hours on New Year's Eve
All post offices will be open Dec. 31, but many will shorten lobby hours. Regular mail delivery for Dec.
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Hits & Misses: Lake rescue, disgraced governor, the giving spirit
John Seeley didn't want his photo taken. In fact, if a reporter had not tracked him down, he probably would not have even been quoted in this week's story about his rescue of a snowmobile driver who plunged ...
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Man Falls through Ice
December 8, 2008 ODESSA--It is cold out, but it has not been cold enough, long enough for a safe layer of ice to form on area lakes.
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Hometown eats: Diner opens doors in downtown Newfield
NEWFIELD - It has been 40 years since the Town of Newfield has had an honest to goodness diner, after the Busy Bee burned down decades ago and was never rebuilt.
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Community Bulletin Board
The Chemung County Humane Society and Society for the Preservation of Cruelty to Animals in Big Flats encourages families to practice animal safety on Halloween with the following tips: * Don't leave pets in ...
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Odessa library plans fundraiser Nov. 2
The Dutton S. Peterson Library in Odessa will hold a "Sweets, Spirits, Sketches & Songs: A Library Celebration" event from 2 to 4 p.m. Nov.
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2 charged with shooting bison
HECTOR - Schuyler County Sheriff's deputies have charged two men with misdemeanor animal cruelty for allegedly killing two bison that had escaped from a Ulysses farm.
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Odessa, Alpine men face animal cruelty charges
An Odessa man and an Alpine man have been arrested by the Schuyler County Sheriff's Office Criminal Investigation Division on animal cruelty charges.
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People in the Twin Tiers
Kuppe was awarded a college scholarship from the Hearing Loss Association of America and is the recipient of the New York State Lottery Leaders of Tomorrow Scholarship and the college's Board of Directors Award ...
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Monitor
Individuals charged with criminal offenses noted in this column will face a court proceeding to determine whether they are guilty of the charges.
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Poker Run will spread Spirit of Schuyler
Spirit of Schuyler is taking its show on the road with a group of folks known for their generosity and for having a good time.
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Ride honors fallen soldiers
Rolling Honor rumbled into Don and Bertha Phillips' driveway aboard four Harley-Davidson motorcycles Sunday afternoon in the rain.
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Healthy choices at the park
Eating in a healthy way has never been easier, especially at the Wisner Market. Many vendors offer organic and healthy options every Thursday from 10 a.m. to 2 p.m. at Wisner Park in Elmira.
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Wisner Market opens Thursday with new vendors
Herbal products and wine will be among the offerings of several new vendors joining Wisner Market this year as organizers of the weekly event prepare to begin its 12th year.
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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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