Norma, 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
| Norma, New Jersey News |
Cumberland Co. names former cop undersheriff
BRIDGETON -- Maurice River Township committeeman and former Millville police lieutenant Norman Franckle Jr.
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Afternoon obituary update
Concetta "Connie" Fiore Concetta "Connie" Fiore of Vineland passed away Sunday Nov.
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Small synagogues keep traditions alive
PITTSGROVE -- On the holiest day of the year, Norman Lenchitz spent his time with his close-knit community.
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Traffic light is needed for safety's sake
There are many Wawa convenience stores in the Vineland area. Although they do sell almost everything you need including gas, some of the parking lots are not convenient to get in and out of.
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Afternoon obituary update
Jane Pearl Rothman Jane Pearl Rothman, 90, of Vineland, passed away Saturday Oct.
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John Mokriy, 91
John Mokriy, 91, of Pittsgrove, beloved grandfather, passed away on Sunday, Sept.
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Religion News
VINELAND -- Trinity Bible Church, 4630 Mays Landing Road, will host a financial freedom seminar from 9 a.m. to noon Saturday and at 10:45 a.m. Sunday during the morning service.
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Nursing home evacuates all residents after insecticide spraying
PITTSGROVE -- Dozens of residents of a nursing home were evacuated as a precaution when a routine insecticide spraying triggered a massive emergency personnel response at Rainbow Center late Thursday afternoon.
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Errant golf ball scores $725,000 settlement
An Eatontown man has been awarded $725,000 for an eye injury he suffered after being struck by flying glass when a golf ball traced back to the Eagle Oaks Golf and Country Club here struck his car window.
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Atkinson to replace Fey on Franklin GOP ticket
FRANKLIN TWP. A longtime school board and zoning board member has been tapped to run as a Republican candidate for township committee.
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Mamie Robinson, 96
Mamie Robinson of Vineland passed away Wednesday, July 16, 2008, at the age of 96.
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Witnesses recall plane crash in Winslow
When he heard a "big bang" outside his home here, Craig Norman initially thought two tractor-trailers had collided.
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Afternoon obituary update
Charles "John" Condit III Charles "John" Condit III, 54, of Millville died unexpectedly Tuesday, July 8, 2008, at the South Jersey Healthcare Regional Medical Center in Vineland.
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State court upholds murder conviction
TRENTON -- A New Jersey appellate division court has upheld a first-degree murder conviction against a state prison guard who shot his estranged girlfriend.
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Dorothy E. Reilly machine operator
MIDDLESEX - Dorothy E. Reilly , 87, died on Friday at the Greenbrook Manor Nursing and Rehabilitation Center.
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Murder-suicide followed lawsuit
Lincoln County Sheriff's Department and Emergency Medical Services personnel rushed to the scene of what authorities say was a murder-suicide at 2441 Rock Dam Road shortly before noon Wednesday.
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House fire still under investigation, authorities say
PITTSGROVE -- Authorities on Friday continued to investigate the cause of an early morning fire that destroyed a home in the Norma section.
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Norma home destroyed by fire
An early morning fire destroyed a home at 624 Gershal Ave., in Norma, today, police said.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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