Rahway, 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
| Rahway, New Jersey News |
Making Holiday Memories
" New Jersey artist Lloyd Garrison has prepared a pair of new holiday cards featuring paintings of the area.
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Fallen Rahway police officer memorialized
This holiday weekend marks the 50th anniversary of the death of Rahway police officer Charles Bernoskie, who was gunned down after interrupting a burglary at a city car dealership.
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$148,211 Jersey Cash 5 Ticket Sold in Union County
A winning Jersey Cash 5 ticket worth $148,211 was sold at Grand Avenue Grocery & Deli, located at 449 West Grand Avenue in Rahway, Union County for the Monday, November 24 drawing.
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Rahway Celebrates Season
The city's annual holiday tree lighting will take place this Friday, Nov. 28, at 7 p.m. at City Hall Plaza.
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Online edtions: Thanksgiving Week 2008
Happy Thanksgiving! The offices of CMD Media will be closed on Thursday this week.
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Online editions: Week of Nov. 20, 2008
This weeka s CMD Media newspapers are available online in PDF format. Print versions can be purchased at select newspaper stands, convenience stores, supermarkets and delis in Clark, Elizabeth, Linden, Rahway ...
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7 injured when NJ Transit bus, pickup collide in Carteret
Four people were taken to the hospital and another three were being evaluated following a head-on collision Friday morning between a NJ Transit bus and a pickup truck in the West Carteret section of the ...
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Beyonc : Worker B
Hillary Crosley On a brisk March day in Rahway, N.J., BeyoncA© and Adrien Brody are filming a crucial scene for their upcoming movie "Cadillac Records." The set is an old Ukranian social club that has been ...
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Rahway Joins Live Where You Work Homebuyer Program
Rahway Mayor James J. Kennedy and Housing and Mortgage Finance Agency Executive Director Marge Della Vecchia joined Department of Community Affairs Commissioner Joseph Doria to announce that Rahway is the ...
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Heartbeats: Help is out there for siblings of autism sufferers
Autism is a serious brain-development disorder, affecting about one in every 500 people.
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Disabled vehicle blocking Turnpike near Interchange 12
A disabled vehicle on the New Jersey Turnpike inner roadway northbound near Interchange 12/Carteret-Rahway has the left lane blocked.
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Alleged 'Route 35 Crew' member indicted in more than 12 armed robberies
A suspected member of a stickup crew that prowled Route 35 in Union and Middlesex counties was indicted today in connection to more than a dozen armed robberies.
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Rahway man tied to 'Route 35 Crew' indicted for 14 robberies in N.J., Pa.
A Rahway man who authorities say was one of the ringleaders of the "Route 35 Crew," dubbed that because of the location of the banks they allegedly robbed, has been charged in a federal indictment with 14 ...
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East Brunswick doctor plays 'House'
Michael Rothman isn't your typical doctor. Sure, he graduated from medical school, completed his residency in internal medicine and has spent nearly 20 years practicing medicine in New Jersey.
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Helen J. Kochy
3, 2008, after a lengthy illness. She was 94. Before residing in Landing, she lived in Dover, Woodbridge and Rahway.
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Rahway workshop to explore art as a career option
Emerging artists and established artists eager to launch a full-time career or those who need to reassess the direction of their career are the object of a panel discussion.
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Hearse pinned between SUV, bus in Rahway; witness reports multiple injuries
Seven people were transported to area hospitals following an accident in Rahway involving an SUV, a hearse and an NJ Transit bus Friday afternoon.
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Work under way to remove truck wedged beneath Rahway bridge
A tractor trailer that got stuck under a railroad overpass in Rahway this afternoon was being removed tonight, police said.
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Infineum donates a playhouse to the Rahway Day Care Center
LINDEN As part of its 10th annual United Way fundraising campaign, Infineum USA L.P. partnered with the United Way of Greater Union County to donate a playhouse to a local day care center.
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Meet the chef helpers
Most amateur chefs are content with watching "Emeril Live" or Bobby Flay on TV to pick up some of the techniques practiced by restaurant professionals.
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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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