Avenel, NJ Divorce Buyout in New Jersey
Since 1979 Somerset Mortgage Lenders 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.
Return to divorce buyout in the state of NJ
| Avenel, New Jersey News |
PEQUANNOCK - Speedy trial sought for accused child molester
The Morris County Prosecutor's Office is urging a speedy resolution of the legal case against a 27-year-old Bloomingdale man accused of sexually assaulting a 5-year-old township girl in her own bedroom last ...
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Franz W. Hruschka, 77, Avenel
Franz W. Hruschka died Tuesday, August 26, 2008, at his home in the Avenel section of Woodbridge Township, surrounded by his loving family.
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Cipric-Pancel Wedding
Antonia Antoinette Pancel, daughter of Anna Pancel of Avenel and the late Ernest Pancel, married Marijan Cipric, son of Manda and Marijan Cipric Sr.
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Route 35 closed in Woodbridge as firefighters knock down auto shop blaze
Route 35 is closed in both directions due to a fire at an auto body shop at the edge of Colonia and Avenel.
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Quick thinking saved stroke victim's life
A carpenter back swinging his hammer isn't much of a news item - unless he's doing it a week after doctors say his life was threatened by a massive stroke.
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Viola Bolmer, Rahway
RAHWAY: Viola Bolmer, on Monday, Aug. 18, 2008, was called to join her Lord and Savior, who already has called her husband, William, and sisters, Elizabeth Brandt and Julia Packard.
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Woodbridge wants facelift for Route 1 in Avenel
"Route 1 needs a facelift," said Mayor John McCormac. "There's not much to be proud of when you drive from Route 35 to the Rahway border.
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Woodbridge Creates Emergency Evacuation Registry For Residents With Special Needs
' Mayor John E. McCormac and the Woodbridge Township Office of Emergency Management announced last week that every Woodbridge Township household will be receiving a "Safe & Secure" Registry for Disasters form ...
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Avenel man reports GPS theft from car
WOODBRIDGE: An Avenel man reported a GPS unit valued at more than $190 was stolen from his car after finding the driver's side window smashed on the morning of Sunday, Aug.
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PEQUANNOCK - Iberer's case grinds on
The wheels of justice continue to grind slowly in the case of a Bloomingdale man, in his late 20s, accused of invading a 5-year-old Pequannock girl's bedroom and assaulting her on several occasions in 2007.
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Woodbridge man gets life in prison for killing 2 Russian immigrants
Defendant Michael Ross seen in court in April. A 25-year-old Woodbridge man will spend the rest of his life in prison for fatally shooting two Russian immigrants as they sat in a parked car in 2003.
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Laurina Anniversary
Frank and Mary Laurina celebrated their 50th wedding anniversary with a dinner party given in their honor by their family July 12 at Torino 2 in Metuchen.
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Middlesex County Fair Day 5
Aramis Posey, 3, of Avenel, enjoys the trampoline at the Middlesex County Fair in East Brunswick on Friday, August 8, 2008.
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Judge refuses to reinstate brawling Woodbridge cop
After Internal Affairs investigators found that a Woodbridge police officer attacked two men at an Avenel bar in June 2004 and then lied about the incident, Chief William Trenery fired him.
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Paying for police protection shouldn't be a shell game
State legislators in New Jersey deserve credit for ingenuity, if ingenuity means spawning an inexhaustible variety of ways to avoid fixing what is wrong - what is really wrong.
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Judge: Woodbridge was justified in firing cop after off-duty bar fight
Brett Favre flew into Morristown Municipal airport on Thursday to tour the New York Jets facilities after being traded to the team.
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Maucher-Cecil Engagement
John George and Rosemary Maucher of Colonia announced the engagement of their daughter, Dawn Renee Maucher, to Richard Lee Cecil Jr., son of Richard Lee Cecil Sr.
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Woodbridge concerts continue with Johnny Maestro
What kind of music does Johnny Maestro and the Brooklyn Bridge play? 'Rock and roll, of course,' said lead vocalist Johnny Maestro.
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Woodbridge concerts continue with Johnny Maestro
What kind of music does Johnny Maestro and the Brooklyn Bridge play? 'Rock and roll, of course,' said lead vocalist Johnny Maestro.
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Woodbridge concerts continue with Johnny Maestro
What kind of music does Johnny Maestro and the Brooklyn Bridge play? 'Rock and roll, of course,' said lead vocalist Johnny Maestro.
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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 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.
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