Palmyra, 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
| Palmyra, New Jersey News |
Fest and concern unite bulldog enthusiasts
On a recent fall Sunday, everyone was happy at Octo-Bull-Fest: The Eagles were winning and the bulldog show was going just fine.
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Wishes, congregants travel with gift packages
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Authorities investigate fire death in Palmyra
Authorities are investigating the death of a man found in a burning apartment building Wednesday.
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Palmyra man dies after being pulled from burning apartment
A borough man who was pulled from his burning apartment in the Palmyra Arms complex today has died, authorities said.
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1 Dead In Palmyra House Fire
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Police: Man Dies At N.J. Apartment Fire Scene
Authorities said one man died after being found at the scene of a Burlington County apartment fire Wednesday.
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Palmyra district seeks $9.9 million for upgrades
The school district is seeking approval for $9.9 million in improvements to three local schools.
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No increases proposed in Palmyra
No increase is in store for Palmyra Borough residents in 2009, as council approved a preliminary budget Monday night totaling $3.79 million.
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Food drives need a hand
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National Adoption Day Celebration in Burlco:
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Joyous day for families in S.J.
Nineteen families officially adopted a total of 25 children on the second annual Adoption Day in Burlington County on Friday.
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Palmyra raising money to celebrate its 250th anniversary
State Sen. Mike Folmer, center, cuts the ribbon with Palmyra Borough Councilman Gary Laudermilch and State Rep.
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Superfund suits settled for $4M
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In Brief: Beginning birding ahead at Palmyra Cove park
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Burlington County Times Sports
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Come back, birds and butterflies
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Beginning Birding for Adults At Palmyra Cove Nature Park
Beginner bird watchers and enthusiasts are invited to participate in 'Beginning Birding for Adults' every third Saturday of the month at Palmyra Cove Nature Park.
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County has plenty of parade-goers
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Fort Dix terror trial tape raises concerns about informant's role
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A stormy mess
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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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