Quinton, 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
| Quinton, New Jersey News |
County honors veterans
Their faces creased with age, their rifles no longer loaded, former soldiers turned color guard peered out at a grateful county Tuesday at a Veterans Day ceremony in Riverview Beach Park.
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DOE: Passing grade for special education program in Quinton
The Quinton Township Board of Education has learned the school district is not deficient in any state-mandated special education areas after receiving results back from the state Department of Education.
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Quinton may cancel sewer contract
The Quinton Township Committee wants to terminate its contract with Metra Industries, the company installing the new sewerage system, for allegedly failing to fulfill its end of the deal and complete the ...
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Election officials set for turnout
Salem County election officials say they are ready for today's voting where a record number of residents could turn out.
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Francis A. Westbrook
29, 2008, at Morristown Memorial Hospital. He was born in Hainesville, the son of Abram and Louise Finnemore Westbrook, and was a life resident of New Vernon.
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Peter Paul Lampe, 70
Peter Paul Lampe, 70, of Vineland, died Friday afternoon, Oct. 24, 2008, at Cooper University Medical Center in Camden, following a brief illness.
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Bridgeton Blotter
Kary S. Ptak, 25, of Quinton Township, was released from city hall on Tuesday after posting the required amount of $165 bail on a failure to appear warrant.
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Sewer project moving ahead
Residents here will have to wait until Nov. 20 to learn what company will be contracted for the sewerage project and what method will be used to make it work.
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Harbor Lights shine one more time
Forty years ago, four men came together to provide entertainment, encouragement and inspiration through gospel music.
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7 p.m. update: Police say Bridgeton gang members caught in Salem County crackdown
Police in Salem County arrested a number of alleged gangsters from this city as part of a statewide crackdown on gang violence.
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County recognized for successful crime sweeps
High-ranking authorities recognized Salem on Wednesday for an historically successful crime sweep that nabbed more than 200 suspects over the past 19 weeks here, many of whom allegedly had ties to violent local ...
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Bullying program held in Quinton
Even those who wear the crown are susceptible to cruelty, a message Miss Salem County hit home Tuesday evening as she launched her anti-bullying campaign at Quinton Township School.
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United Way of Salem kicks off Big Read campaign
The United Way of Salem County simultaneously kicked-off its Big Read campaign and marked Banned Books Week with a ceremony Wednesday at Quinton Township School.
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Quinton Twp School kicks off The Big Read with book burning, free copies of Fahrenheit 451
Quinton Fire Chief Patrick Foster, left, watches as Quinton Township School 8th Grade students' Alyssa Bracale, center, and Tiana Dickerson burn copies of banned books to depict the classic novel Fahrenheit 451 ...
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Things to do this Weekend
Saturday Nightlife, features Jammin' Oldies Party with DJ Jack Christy 9:30 p.m. Saturdays; pool leagues Mondays, Tuesdays and Wednesdays.
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Clock ticking on police payments
Towns with part-time or no local police departments have until year's end to decide whether to begin paying for the New Jersey State Police coverage they receive, or seek an alternative arrangement.
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Violent actions down in schools
According to information from the New Jersey Department of Education released this week, the number of incidents of violence, vandalism and substance abuse has decreased in state public schools including here ...
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Quinton Township to ask voters to approve LOSAP
The township committee passed an ordinance last week which would give incentives to fire department and ambulance squad volunteers in the hopes of building recruitment here.
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Hanna batters parts of N.J.
Tropical Storm Hanna brought heavy rains and high winds to parts of New Jersey on Saturday afternoon, but no major weather-related problems were being reported as the fast-moving storm made its way along the ...
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Alloway man critical after 3-vehicle crash
An Alloway man remained in critical condition late Wednesday following a three-vehicle accident here during the morning hours on Telegraph Road, authorities 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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