Point Pleasant Beach, 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
| Point Pleasant Beach, New Jersey News |
LYLE-LOCKENMEYER
Mr. and Mrs. Paul Struncius, here, and Matthew Lockenmeyer, Manasquan, have announced the engagement of their daughter Sarah Jane Lockenmeyer to Gerard Lyle II, son of Mr.
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Police make arrest in Point Beach hit-n-run
Police have arrested a suspect in the hit-and-run accident Wednesday that has left a 20-year-old woman with critical injuries, authorities said.
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Woman in critical condition after hit-run accident
A Point Pleasant Beach woman was hospitalized in critical condition Wednesday night after she was struck in a crosswalk by a hit and run driver, police said.
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Down payment for beachfront
The recent decision by Point Pleasant Beach officials to buy Risden's South Beach Pavilion and a strategically located parking lot takes the borough a step closer to giving its residents and 2 million ...
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Voice of the People for Nov. 20, 2008
Howard Beach : How dare the Post Office remove stamp machines and force people to wait on ridiculously long lines.
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Wedding band gets mixed up with food donations
A good Samaritan who donated canned goods to a Jersey Shore charity may have been a little too good.
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a Generous Heart's Lost Ring
In the 56 years John Griggs has been married, he's broken his wed ding ring and had his high school ring stolen.
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names contest winners
Over 2,290 votes were cast in Star News Group's first Spooktacular Halloween Photo Contest, and the winners were clear.
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Point Beach acquires space along inlet
POINT PLEASANT BEACH - An abandoned building at 29 Inlet Drive recently was demolished to increase the size of the borough fishing area along the Manasquan Inlet.
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Search planned for Belmar Marina deck hand
A Woodbridge man who works as a deck hand at the Belmar Marina is the subject of a missing persons search, and State Police were planning to use sonar to look for him Thursday morning, said State Police Sgt.
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Prime time for hickory shad
Light tackle anglers have plenty of opportunity for action this weekend with the return of hickory shad to the Manasquan River.
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Pantry issues call for help
The holiday season has come again, this year with an increasing number of locals in need due to the struggling economy.
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Fire in vacant home under investigation
The cause of a structure fire reported at 2:50 p.m. today in a vacant home at 1603 Lake Avenue is being investigated, said Chief Daniel DePolo.
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Readers to decide photo contest winners
Casey, the Soft Coated Wheaten Terrier owned by the Holick family of Lavallette, is just one of the entrants hoping to win the grand prize in Star News Group's first Spooktacular Halloween Photo Contest.
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Planting lines in the sand
A group of about 30 residents gathered Sunday morning to restore the dune area of Maryland Avenue beach by planting grass and replacing wooden fencing.
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Good bottom fishing still to be had
The fear among some bottom fishermen there would be little to fish for until the liberal blackfish season opened has proven to be groundless.
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Teacher earns award, but truly values students' thanks
POINT PLEASANT BEACH - From a young age, Karen Deacon knew she wanted to become a school teacher.
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Coast Guard, good Samaritan rescue boaters
LONG BRANCH - The Coast Guard got help from a good Samaritan in rescuing five people who were aboard a boat that began taking on water about a mile off Long Branch, authorities said.
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Environmentalist Cousteau speaks at Georgian Court
Georgian Court University kicked off its annual Earth Awareness Week with keynote speaker Alexandra Cousteau on Sunday.
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Fashion show, gift auction scheduled
POINT PLEASANT BEACH: The borough Women's Club will hold a fashion show and mini gift auction Wednesday.
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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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