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Mauricetown, 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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Mauricetown, New Jersey News
School bus accident results in minor injuries in Commercial Township

Three children were taken to South Jersey Healthcare-Regional Medical Center for evaluation after the school bus in which they were riding was struck by another motorist Tuesday afternoon, according to police.


New Year's Eve in Mauricetown

Mauricetown Fire Company is hosting a New Years Eve dance in their newly refurbished banquet hall.


NJ gives Cumberland County $1m for rehab of Mauricetown Bridge

The Department of Transportation has awarded Cumberland County $1 million for rehabilitation of the Mauricetown Bridge, on Route 670 over the Maurice River.


She answered, Yes

Did Jennifer accept Larry's proposal? "Did she ever," said Larry Vidal, of Mauricetown.


500 turn out to 'Barack the Vote'

VINELAND -- Music and national politics sang in harmony Monday night for more than 500 people in Cumberland County College's gym.


In your town

Seats are still available for the salon concert by Metropolitan Opera Orchestra hornist Scott Brubaker and pianist Ron Levy, presented by Maurice River Music at 3 p.m. Sunday, Oct.


Pirate Adventure Cruise

The Isaac H. Evans is ghosting across West Penobscot Bay in light airs under a silvery haze.


Weekend Things to Do

FESTIVALS Latin American Festival, features the Miss Latina 2008 and Miss Latina Chiquita of Cumberland County pageants; clown performances by Bridgeton's own 'Que Payasos Show'; live music; star search and ...


Helping Hand

Mauricetown Historical Society, 1229 Front St., will host a yard sale featuring costume jewelry, household items, toys and more from 9 a.m. to noon Saturday.


Fire damages home in Commercial Township

Fire heavily damaged a home on James Moore Road here today, according to local officials.


update: Commercial Township fire destroys ranch house

Fire destroyed a ranch house on James Moore Road on Tuesday morning before being extinguished by firefighters from three companies.


DIPASQUALE-HORSEMAN

Niesha Nichole Horseman, daughter of Bruce and Kathy Horseman of Port Norris, became the bride of Mark James DiPasquale, son of Mark and Theresa DiPasquale of Port Norris, on May 24 during Memorial Day weekend ...


Hundreds of bikers ride county's dirt roads

COMMERCIAL -- Charles Stapleford has left tracks in about 3,200 miles of Cumberland County dirt roads as a longtime participant of the Competition Dirt Riders' annualBeehive Enduro.


Purificion S. Cartagena, 86

Purificion S. Cartagena, 86, of Millville died Thursday, July 17, 2008, at Lincoln Specialty Care in Vineland.


Laurel Lake's pride event has local backers

COMMERCIAL -- Laurel Lake residents took an extra step to ensure a second annual Laurel Lake Community Day.


Maurice River: Buckshutem Road crash injures one

MAURICE RIVER - A motorist was injured this morning in a two-vehicle crash at Buckshutem and Mauricetown roads.


Police Beat

All Items in Police Beat are based on official police reports of events. Reports are published by The Daily Journal as soon as they are made available.


Traffic routes get first race weekend test

MILLVILLE -- The road to racing's newest venue is one that area residents know well and, most likely, won't be taking if they can help it.


BEN column

Sunday night into Monday, that will change. "The Salvation Army of Bridgeton is having a rummage sale Saturday, from 10 a.m. to 2 p.m. "There will be a wide variety of clothing and household items available for ...


Motor home lost in Commercial Twp. blaze

Fire gutted a motor home in Laurel Lake on Monday afternoon. Mauricetown, Laurel Lake and Port Norris fire companies were dispatched to fight the blaze, which tore through a single-wide motor home on the 7000 ...


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