Rio Grande, 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
| Rio Grande, New Jersey News |
Missing Teen Safe, Man Arrested
RIO GRANDE a ' On Thursday, Nov. 27, at 4:53 p.m., the Middle Township Police Department received a report of a missing 15-year-old juvenile in Rio Grande.
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Food Pantries Have Empty Shelves
Local food banks and pantries are finding shelves bare, often emptying out their supply for the needy on a daily basis.
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Charles a., Chabot Sr., 86
Charles A. Chabot Sr., 86, of Rio Grande, passed away Sunday, Nov. 23, 2008, at the New Jersey Veterans Memorial Home at Vineland.
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Afternoon obituary update
Charles A. Chabot Sr. Charles A. Chabot Sr., 86, of Rio Grande passed away on Sunday, Nov.
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Marina Accident Injures Crane Operator
On Thursday, Nov. 20, the Middle Township Police Department responded to Avalon Pointe Marina for a fall victim.
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Seth Cooper Trial Will Begin Dec. 1
COURT HOUSE a ' John Cavicchio III was shot once in the head in a wooded area along Pennsylvania Avenue, in Middle Township on Dec.
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In Your Town for Nov. 17, 2008
In conjunction with the city, the Mid-Atlantic Center for the Arts will host the official Christmas Tree Lighting Ceremony at 7 p.m. Saturday, Nov.
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Three Charged in Armed Robbery at Family Billiards
RIO GRANDE a ' Three Whitesboro men were arrested and charged with robbery and weapons offenses in connection with a Tuesday, Nov.
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Letters / Election 2008
Candidate Barack Obama won my support in 2008 with his powerful forward-looking promise of renewal; in 2012, as an incumbent, Obama will have to earn my vote with the promise fulfilled.
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Courts Name County Citizens To Attorney Ethics Committees
Five Cape May County residents have been named to two volunteer committees associated with the state Office of Attorney Ethics .
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Toppled Tree Damages Parked Vehicle in Rio Grande
Due to high winds, a tree was toppled and damaged a parked vehicle and several residences around 6:30 p.m. on October 28.
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Cape May Point Firefighters 'House' Pumper
Cape May Point Volunteer Fire Co. No. 1 dedicated and housed a new, 2009 KME fire engine Saturday, Oct.
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Chimney Fire at Rio Grande Tackle Shop
Around 7:30 p.m. on October 23, Green Creek Fire Company, Rio Grande Fire Company and Middle Township Police responded to a report of a commercial structure fire at Bob's Bait and Tackle, 1109 Route 47 South.
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5 places to party
Round up your hungriest friends and head to Pistol Pete's Steakhouse and Saloon in Pleasantville for the Live Cooking Showdown with celebrity chef Guy Mitchell .
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Possible Child Abduction
RIO GRANDE a ' Police in the lower Cape May County area were alerted at about 3 p.m. Monday, Oct.
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Middle gearing up for the holidays
Gaily decorated shops and businesses provide hospitality, food, music, and entertainment.
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Christ Child Society to hold Baby Shower
The Cape May County Chapter of the Christ Child Society is celebrating its 25th year of serving the needs of infants and children in the county.
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Sachar Uses Creativity in Real Estate, Independent Films
The walls of Jonathan Sachar's real estate office are adorned with posters from motion pictures he has either produced or appeared in as an actor.
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Failure to help fiancee who died from drug OD gets man 3 years
Thomas Liston received a three-year prison term Friday for failing to seek help for his fiancee, who died from an accidental drug overdose in a Rio Grande motel room in January.
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update: Two arraigned in fatal stabbing of Vineland man
A Superior Court judge on Thursday kept bail at $750,000 for Santos J. Santiago, the Cape May County man charged with stabbing Vineland resident Huseyin Erkmen to death in a botched early morning burglary ...
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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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