Oxford, 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
| Oxford, New Jersey News |
Oxford Township voters heading to polls to vote on $1.3 million in school improvements
Walking into Oxford Central School, a visitor immediately notices a colorful mural surrounding the entrance to the cafeteria.
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Sweaburg Public School's fate determined tonight
The Sweaburg Public School community will be out to witness the vote on the school's future, but their outlook is bleak.
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Princeton U. students, N.J. cadet win Rhodes scholarships
PRINCETON - Three Princeton University students and an Army cadet from New Jersey have been named Rhodes Scholars for 2009.
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Knowlton Township officials donate $1,000 to the Disabled American Veterans chapter in Phillipsburg
Korean War veteran Carl Higgins refused to accept any money from the township after showing up for weeks to help build a parking lot at North Warren Regional High School.
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Ontario, CA
The Oxford OPP is investigating a break-in, at a Tillsonburg home in which two off road motorcycles were stolen.
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Ontario, CA
Displaying 1 to 10 of 103 items. The shovels are in Updated 6 hours ago in News / Local news "What goes down also goes up" Updated 6 hours ago in News / Local news WOODSTOCK - Is there a silver lining to a ...
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Molten metal spill in Orion Township plant forces evacuation
A fire sparked by molten metal spilling onto a floor of a factory prompted the temporary evacuation Thursday, officials said.
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Warren prosecutors clear Oxford Township Patrolman Christopher Malcolm of excessive force allegation
The Warren County Prosecutor's Office recently cleared a township police officer of using excessive force, but a possible lawsuit against the patrolman still looms.
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Oxford Township incumbent Bonnie Riley defeats challenger with write-in campaign
Bonnie Riley's 450 write-in votes defeated Charles Bush's 421 votes to remain on the Oxford Township Committee.
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Alloway wins 33rd District state Senate seat
Republican Rich Alloway won the majority of votes in his home county as well as in his opponent's to take over the 33rd District state Senate seat long held by a retiring incumbent.
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Two ATV's stolen in South West Oxford
" The Oxford OPP is investigating two break-ins in South-west Oxford Township in which ATV units were stolen.
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Power out after Irishtown crash
Police say the driver of this work truck lost control on Irishtown Road Sunday morning and crashed into the garage of a residence.
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Oxford Township officials postpone hearing on OxWall Tool property
A public hearing on property violations was postponed Wednesday while township officials continue working with the owner of the OxWall Tool property on getting the fire-ravaged site cleaned up.
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Police: Man Shot Estranged Wife in Face
An Oxford Township man is behind bars, accused of trying to kill his wife by shooting her in the face.
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Craig Palumbo, of Oxford Township, recounts leg-saving surgeries that healed crash injuries
It's hard for Karen Palumbo to describe what went through her mind when she discovered the severity of her son's injuries in a 2002 car crash.
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INDICTED
A Warren County grand jury this week indicted the following people, according to court records: -- Debora Occhipinti, no age available, of the first block of Cambridge East, Oxford Township, is charged with ...
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Police say suicidal Belvidere man threatened to kill mother
A suicidal man tried to stab his mother after she blocked in his pickup truck to prevent him from leaving their Oxford Street home early Thursday morning, town police Chief Kent Sweigert said.
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Finger-pointing after basement floods
Elisa and Phil Laughman of Oxford Township say faulty stormwater management at a neighboring development caused major flooding in their basement.
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When the park is closed, it's closed - sort of
Oxford Township officials last week gave residents of the Brabb-Dewey subdivision a mixed message with regard to their ability to access Stony Lake Park when it's closed.
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Getting to know... Bruce Allen Tushingham
Age: "69." He lives: "Irishtown Road, Oxford Township." From: "Wildwood, N.J." Educated at: "Wildwood Public Schools and Rider University." Family: "Wife, Jane; daughter Sue; son Dave; four grandchildren, ...
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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