Readington, 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
| Readington, New Jersey News |
Trial begins for 3 connected to FBI agent's death
Opening statements are set to begin in the trial of three men accused of a string of robberies that culminated in the shooting death of an FBI agent last year.
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Shirtless, shoeless man caught cop's attention in Readington
An underdressed man sitting in his parked car outside a Readington motel on Thanksgiving, while temperatures were in the 40s, caught the attention of police, who arrested him on drug charges.
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Somerville landscaper winner of Outstanding Business Person award
For David Chewey, the process of designing a landscape often begins the moment he steps onto a property.
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Residents to appear in holiday drama
Several talented locals will be appearing in 'The Homecoming,' the heartwarming, holiday drama about a Depression-era family being presented by Readington Community Theatre.
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Central Jersey police blotter
CENTRAL: DRUNKEN DRIVING CRACKDOWN: Law enforcement officials from Montgomery to Readington, among other departments, will be cracking down on drunken drivers as part of the annual 'Over the Limit.
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Readington police blotter
READINGTON: DRUNKEN DRIVING, 11:21 p.m. Nov. 17: A township patrolman stopped a vehicle, driven by Daniella R. Silva, 41, of Bound Brook on Route 22 east and Van Horne Road because a headlight was not working ...
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David Chewey of Franklin Township has received the 2008 Outstanding Businessperson Award from the Somerset County Business Partnership in the small business category.
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Board to review plans for farmland
READINGTON: The owner of a 118-acre farm on Pleasant Run Road wants to place most of the property into farmland preservation.
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Raritan Township police blotter
RARITAN TOWNSHIP DRUNKEN DRIVING, 7:45 p.m. Jeremy Riccioni, 18, of Raritan Township, was charged with drunken driving, leaving the scene of an accident, failure to report an accident, failure to wear a seat ...
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The Problems with K-6 Internet Homework
There's an organization in Readington, NJ called ReadingtonParents.org, . Anyway, one of the parents involved, John Painter has a blog associated with the organization, Readingtonparents.org Editor's Blog.
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Readington student news
Brian Seemann, a senior at Hunterdon Central Regional High School, has been selected by Bands of America for the national honor band in the 2009 Tournament of Roses Parade.
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Readington police blotter
HINDERING APPREHENSION, 10:11 a.m. Nov. 2: Police stopped a vehicle on Route 202 southbound and Main Street on several motor vehicle violations.
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Inspiring instructor returns to Central Jersey
The thought of flopping around on a sweaty mat with her husband during one of his martial arts lessons did not appeal to Linda Blockus of the Basking Ridge section of Bernards.
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Holiday fair features new artists, spinning demonstration
Craft enthusiasts can have their pick from a variety of stained glass art, handmade jewelry and other items and also support a good cause during the Branchburg Woman's Club Holiday Craft Fair on Saturday, Nov.
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WWII veterans - male and female - share stories
A 65th anniversary commemoration called "Over Here, Over There: On the Way to Victory in 1943" was held Sunday afternoon at Brookdale Community College's Center for World War II Studies and Conflict Resolution ...
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Woman killed while crossing Route 22 in ...
A pedestrian died Thursday night after being struck by a car while trying to cross Route 22 in Readington, police said.
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Bedminster police blotter
BEDMINSTER: ELUDING POLICE, Sept. 18: Christian Martinez, 24, of Allentowm, Pa., has been charged with eluding and obstructing justice in connection with a police chase after an accident at the Interstate 287 ...
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Hayrides and harvest for buffalo farm visitors
READINGTON: View up to 140 buffaloes while taking a free hayride on the way to a huge pumpkin patch.
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5 Hunterdon residents indicted in burglaries
Five Hunterdon County residents have been indicted in a string of burglaries at businesses in the county.
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Readington school uses anonymous donation to buy backpacks, school supplies fOR Perth Amboy school
A local principal paid it forward by using an anonymous gift to his current school to remember his former school.
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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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