Mantoloking, 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
| Mantoloking, New Jersey News |
Van Sciver launches local food drive
With the holidays fast approaching, local food banks are citing growing demand and a record need for donations.
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Tautog anglers in their glory after storm
Though Sunday's six-tautog-limit season opener was ruined for most blackfishermen by Saturday's storm, the white chins turned on this week -- and the continuation of westerly winds settling the ocean should ...
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Focused Friends: Rake in Funds
Priscilla Hiby and Susan Scherler threw a party recently - a really big party that they made sure was perfect down to the last detail.
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Small craft warnings up
Weather warning : If the weather forecast is right, only the most dedicated of anglers will be fishing Saturday.
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Island Beach still the best bet
Where you should go : Just as yesterday, the best bet remains the waters off Island Beach State Park.
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Good bottom fishing still to be had
The fear among some bottom fishermen there would be little to fish for until the liberal blackfish season opened has proven to be groundless.
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Mantoloking: Dem, Republican Running for Council Seats
THE STAKES: Two three-year terms are open on the six-member Borough Council. John Jones, a Republican, is not seeking re-election. Peter R. Strohm, a Democrat, is seeking his second term on the council.
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CATCHING (AIR)WAVES
Commuters driving home to Seaside may be surprised to hear Kent Monahan, the veteran newscaster from TV's NJN News, on their car radios.
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Southeast storm -- Wait for Sunday
Weather warning : Small craft warnings are posted for Saturday. Southeast winds gusting over 30 mph plus rain is in the forecast.
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Pots reefs bill clears first hurdle
The State Senate Thursday passed the Pots off the Reefs bill sponsored by Sen. Sean Kean in a 32-4 vote.
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Pots off reef bill coming up for a Senate vote Thursday
The State Senate is scheduled to vote Thursday on S-336, the Pots Off the Reefs bill introduced by Senator Sean Kean .
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Croakers better late than never
An angler never knows what an ill wind might bring to the Shore area's inshore waters.
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A peek at the past
It's out with the new and in with the old on the Bay Head Historical Society's 'A Tour of Historic Homes.' The tour, which will be held from 11 a.m. to 3 p.m. Oct.
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Man caught in child-sex sting sentenced to lifetime parole
One of the men rounded up in a child-sex sting in Mantoloking last year as part of Dateline NBC's 'To Catch a Predator' series was spared a jail term today but placed on parole for the rest of his life.
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Sun shines on seafood festival
Sunny skies and a moderate temperature, along with delicious seafood from the area's restaurants and hundreds of vendors, made last Saturday's Festival of the Sea, here, a crowded affair.
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Field Report: Chowder
Here are the field reports from the Muchers on our chowder trip up and down the Shore.
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2 hurt in Normandy Beach crash
An 84-year-old woman was flown to a hospital Wednesday afternoon after a two-car crash on Route 35 in the Normandy Beach section.
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Brick man charged with using fake gun in robbery try in Mantoloking
A Brick man is charged with robbery, possession of a weapon and possession of an imitation weapon after he tried to rob a small group of young women on a beach about 11:30 p.m. Friday, police said.
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New Jersey beach visitors finding unfriendly shores
They treat it like the private sandbox of a privileged few. Tactics include charging as much as $12 to use the beach for a single day and severely restricting parking near the beach .
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Jigging blues up again along the Shore
Where you should go : The Shore from Long Branch to Mantoloking produced large bluefish chasing anchovies on the surface yesterday.
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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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