Rocky Hill, 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
| Rocky Hill, New Jersey News |
Local filmmaker's Vietnam documentary makes U.S. premiere
A Rocky Hill filmmaker's documentary about victims of Agent Orange will air tonight on PBS.
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Somerset County works to verify provisional ballots
Thousands more provisional ballots were cast in Somerset County than initially thought, and Board of Elections workers will spend the rest of the week working to verify them, the board's administrator said this ...
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When George Washington lit it up: Re-enacting a scientific test
Re-enactors dressed as Gen. George Washington and Thomas Paine paddled a boat onto the Millstone River Wednesday afternoon to honor a landmark scientific experiment held by the men over two centuries ago.
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Nellie Chini, 97
Nellie Chini, 97, of Rocky Hill and formerly of Brooklyn, N.Y., passed away Monday, Oct.
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D&R Canal Watch slates 15-mile bike ride
The Delaware & Rartian Canal Watch will lead a 15-mile towpath bicycle ride from Griggstown to the Millstone River aqueduct on Saturday, Nov.
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N.J. council blocks Corzine plan to charge small towns for State Police
The ruling by the Council on Local Mandates spares the towns -- including three dozen in Hunterdon, Sussex, and Warren counties -- from paying $12.6 million, and ends a contentious battle between the state and ...
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Towns won't have to pay for State Police
The 89 towns that depend on the New Jersey State Police for all or part of their police service will not have to pay the state to continue getting those patrols, a state council ruled Wednesday.
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Council blocks NJ from charging rural towns for troopers
The 89 towns that depend on the New Jersey State Police for all or part of their police service will not have to pay the state to continue getting those patrols, a state council ruled today.
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ACLU disputes Packet headline
ACLU disputes Packet headline Thursday, September 25, 2008 8:02 PM EDT Deborah Jacobs of ACLU-NJ The headline "ACLU off target on Rocky Hill regarding immigration tactic," in your Sept.
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ACLU disputes Packet headline
Deborah Jacobs of ACLU-NJ The headline "ACLU off target on Rocky Hill regarding immigration tactic," in your Sept.
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End free police ride for the small towns
The recent introduction of a bill to add a $40 surcharge to drivers' tickets is just another stab at the motoring public that should not be allowed or tolerated.
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Special postmarks to commemorate George Washington at Rockingham
Four pictorial postmarks will be available in upcoming months to commemorate George Washington's residence at Rockingham 225 years ago, while the successor to the Continental Congress was meeting in Princeton.
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Bad drivers may pay for state patrols
Small towns that will soon have to pay for their State Police patrols hope that drivers who break the law, and not local taxpayers, foot the bill.
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Seventh town fights bill for State Police
The number of towns challeng ing a provision in the new state budget that bills them for previ ously free State Police patrols has grown to seven, including tiny Rocky Hill.
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Recycling center closed July 4
The Somerset County Recycling Center, 40 Polhemus Lane in Bridgewater, will be closed July 4 in observance of the national holiday.
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Montgomery police blotter
MAIL BOX HIT, 7 p.m. June 9: A resident on Boulder Brook Court told police a car drove off the road sometime between 4 and 7 p.m. and struck her mailbox, shearing it from its post.
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A little on the warm side
Now that the TV coverage of the Philly race is over and it's the absolute hottest part of the day -- it's 95.1 degrees on Main Street in Rocky Hill -- I think I'll head out for a bike ride.
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3 Lawrence teens charged with robbery
Investigators are probing the cause of a two-alarm fire that badly damaged an apartment unit on Redding Circle, off Mount Lucas Road, yesterday morning.
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Toasting nation's ex-capital
For one brief, heady period 225 years ago, Princeton was the capital of the fledgling United States of America.
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Rocky Hill's mayor lobbies for restoring aid
With his constituents facing a potential double-dose of large-scale municipal- and school-tax hikes, Mayor Ed Zimmerman joined more than 100 other mayors in Trenton on May 20 to push for the restoration of ...
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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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