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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Lumberton, 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.
Return to divorce buyout in the state of NJ
| Lumberton, New Jersey News |
Roaring Thunder Motorcycle Club holds coat drive
Javier Rodriguez looked down at a full box of newly collected coats, and smiled.
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Black Friday deals roll into weekend
Dianna McClosky and Doris Stemmer stopped by the BJ's Warehouse in Maple Shade to buy some groceries and supplies for a holiday party and found the wholesaler teeming with shoppers.
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Philadelphia Thanksgiving parade still a family affair
For the last six years, the Thanksgiving Day parade has been a Lumberton girl's connection to the North Pole.
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Deborah desires to open satellite emergency unit
Deborah Heart and Lung Center hopes to open a satellite emergency department at its campus here with help from another South Jersey hospital operator.
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PEOPLE: Lumberton woman joins hospital
Mary Beth Tubbs, a resident of Lumberton, has joined Lourdes Specialty Hospital in Willingboro as director of clinical services.
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Your News: Assemblywoman Addiego goes 'back to school' in Marlton
By 8th LEGISLATIVE DISTRICT, Medford Assemblywoman Dawn Marie Addiego recently visited with students at H.L. Beeler School on Maple Avenue in Marlton as part of the America's Legislators Back-to-School ...
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Regional trash plan considered
The township has received a $65,629 state grant to explore the possibility of regionalizing trash collection with 15 other municipalities.
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Millville race track meets noise standar...
The New Jersey Motorsports Park in Millville is in compliance with the city's sound ordinance, according to a report in the Daily Journal .
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Local scenes for Oct. 29
Grades 3-5: Abby Adkins scored as Florence edged Marlton 1-0. Kaija Embley and Stephanie Kelley split the shutout.
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Mt. Holly man accused of child luring, endangerment
A 23-year-old Mount Holly man is accused of posing as a teenager so he could meet and molest juvenile males, authorities said Tuesday.
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Mt. Holly Man Accused Of Inappropriate Touching
Oct 28, 2008 9:01 pm US/Eastern LUMBERTON, N.J. A Burlington County man was arrested after being accused of inappropriately touching a juvenile and attempting to lure another boy to his house.
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No bones about it, Halloween party was perfect
Terra donned a tourist costume. Misha dressed up as a photographer, and Lucky wore his hiker outfit.
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3 charged in robbery of convenience store
Two adults and one juvenile were charged with trying to rob two 17-year-old residents Tuesday near the Wawa convenience store on Woodlane Road, police said.
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County seeks help to map road's future
Mark Remsa wants residents living along the Route 38 corridor to role up their sleeves and help sketch how they'd like the thoroughfare to look in the future.
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Local scenes, Oct. 21
Senior: Hannah Hamblin scored two goals, Erica DiPascale had one and Rebecca Kravil had the shutout in Delran 1's 3-0 win over Medford Lattmeir.
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Workshops scheduled on Route 38 corridor
Burlington County on Thursday announced a a second round of information workshops for eight towns in the Route 38 Corridor Smart Growth planning study.
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Southampton man injured in Medford car crash
A Southampton man was injured in a two-car accident here Wednesday, police said.
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Year of the Ox coming to Mount Holly
A herd of oxen is coming downtown next month. And that's no bull. Twelve fiberglass bovine sculptures will call local township businesses home from Nov.
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Contest open to Burlington County teens
The TEAM is looking for a logo and they want the youth of Burlington County to design it.
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Officials back bill to boost bus aid
Kathy Schuler said she relies on the county's shuttle bus for senior citizens and the disabled to get to doctor's appointments and meetings.
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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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