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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
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Pemberton, 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
| Pemberton, New Jersey News |
Fugitive arrested, travels to the clink
Federal agents and Mercer County sheriff's officers traveled to Burlington County yesterday to pick up a fugitive wanted for running from sentencing appearances.
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Bullish about rescue
On a sunny Saturday earlier this month, a crowd of bulldogs and their owners descended on the Second Avenue beach in Belmar to sniff, dig and chat.
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Bad gas: Jersey admits failure but won't apologize to stations
The state of New Jersey yesterday admitted that it screwed up in wrongly accusing three area gas stations of operation violations, but officials stopped short of issuing an apology.
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Six face charges in Pem. Twp. raid
A township man with eight previous felony convictions was among six people charged following a drug raid Saturday at a home in the Sunbury Village section, police said.
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Police: Student bought starter pistol during school at BCIT-Medford
A student at the Burlington County Institute of Technology's Medford campus purchased a starter pistol from two other students during school hours Tuesday, according to township police.
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5 indicted in motorcycle theft ring
Five Burlington County men were indicted by a state grand jury yesterday on charges related to a Burlington County- based motorcycle theft ring that operated several years ago, authorities said.
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Gun Allegedly Sold At Burlington Co. School
Nov 20, 2008 1:28 pm US/Eastern MEDFORD Students at a Burlington County school were greeted by an increased police presence Thursday after the discovery of an alleged gun sale on campus.
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PEOPLE: Butera receives new designation
Evesham resident Angelo Pappas Butera of Mount Holly's RYEBREAD Architects has been designated as a LEED Accredited Professional by the U.S. Green Building Council.
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Camden crime forum focuses on prevention
Several dozen officials from eight local law enforcement, fire and social services agencies crowded the interior sanctuary of the Antioch Baptist Church Thursday night with the intention of answering ...
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Pem. Twp. man sentenced to 15 years for Mt. Holly slaying
A Pemberton Township man was sentenced to 15 years in prison yesterday for the death of a man a decade ago in the Mount Holly Gardens section of the township.
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Candidates for Village of Pemberton Council
Communities are always at crossroads at election time. It's no doubt cliche to say that during a municipal election.
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Twelve hospitals approved for angioplasty study
New Jersey's health commissioner decided Monday to allow a controversial elective angioplasty study to continue at the 12 hospitals recommended by the State Health Planning Board.
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Corzine aide Kolluri to head school construction agency
Kris Kolluri, one of Gov. Corzine's top cabinet officials, will take over the state's frequently criticized school construction program Dec.
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Your news: Pemberton Hall of Fame adds members
By PEMBERTON TWP. SCHOOL DISTRICT New members were inducted into the Pemberton Township High School Hall of Fame last month.
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Police stop leads to drug, DUI charges
A Riverside woman was charged with drug and weapons possession Saturday during a motor vehicle stop on Route 130.
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Tighter rules eyed for Pines
The Pinelands Commission is considering changes to its land-use rules that would make it more difficult to build homes in certain portions of the million-acre Pinelands reserve.
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Moorestown park honors tree expert
One of many newly planted oak trees stands alongside a trail and behind a sign describing the many species of trees growing in the newest Burlington County park that will open to the public on Dec.
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For the love of country
Michael E. Austin of Pemberton has returned to the 72nd Field Artillery in Fort Dix after being deployed overseas in support of Operation Enduring Freedom.
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Attempted jackers at pork plant packed into clink
A state police helicopter and cops from surrounding towns helped Chesterfield police set up a large operation that climaxed yesterday when a tracking dog sniffed out two suspected robbers out of the woods near ...
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Murder-suicide in Burlington County
October 23, 2008 -- In Burlington County, New Jersey police are investigating a murder-suicide. Action News was on the scene on the 300 block of Lakeview Boulevard in Pemberton around 10:00 last night.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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