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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Accord, NY Divorce Buyout in New York
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 York, 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 NY
| Accord, New York News |
Sheriff's K-9 unit dog retires
ULSTER PARK - After spending nine years with the Ulster County Sheriff's Office, Regan the police dog has retired.
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Actor Willem Dafoe *still* has his two-bedroom vacation house on 6.8...
Actor Willem Dafoe's two-bedroom vacation house on 6.8 acres in Accord, N.Y. has been on the market for the last few months for $850,000. Somewhat uncharacteristically, the Wall Street Journal's 'Private ...
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Job-creation controversy growing in Ulster County
Politicians lined up along party lines Wednesday to swap charges about county executive candidate Len Bernardo's job- creation numbers.
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County exec candidate's integrity under fire
County executive candidate Len Bernardo has campaigned on taking personal responsibility for county job growth.
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PM, Ban discuss Nepal peace process
NEW YORK: Prime Minister Pushpa Kamal Dahal - Prachanda' held a meeting with UN Secretary-General Ban Ki-moon at the UN headquarters in New York yesterday morning.
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October 4: Angels and Accordians: Meditation on New York's Past & Present
It only happens once a year so this year I am going to try NOT to miss this event which is part of openhousenewyork.
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Michelle Williams Grates in Kelly Reichardt's Wendy and Lucy
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Your positive achievement
Despite breaking her ankle only days before the Ulster County Fair this summer, 15-year-old Erica Bell of Accord was determined to bring home some awards.
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BLOTTER: Police reports published Sept. 24
BUFFALO Falls mail clerk accused of theft A mail clerk from Niagara Falls is accused of stealing gift cards and cash from greeting cards mailed from the post office where she was assigned.
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Couple charged after teen struck
ACCORD Ulster County Sheriff's deputies Sunday evening charged an Accord couple with third-degree assault, endangering the welfare of a child and obstructing governmental administration in the second degree ...
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NY to Participate in Global Warming Coalition
A coalition of 10 northeastern states this week will take steps to check global warming when it conducts the nation's first carbon auction, taking the same approach that curbed lake-killing acid rain.
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Zimbabwe Cabinet Dispute Handed Back To Accord Negotiators
Discussions on the composition of a Zimbabwean power-sharing government were to be pursued this weekend by the ZANU-PF and Movement for Democratic Change negotiators who hammered out the accord signed early ...
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Deadly shooting in broad daylight
A deadly, drive-by shooting in broad daylight leaves a family grieving and police searching for a killer.
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Ulster County slow to make changes
Ulster County has implemented about half of the recommendations two panels have made to prevent another runaway building project like the county jail.
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Real estate briefs of the rich and famous
Willem Dafoe lists rubber-clad house Actor Willem Dafoe is seeking $850,000 for his rubber-clad Modernist house in the Hudson Valley of upstate New York.
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2010 Suzuki Kizashi Official Sketches Leak Online - " Who Killed the Concept?
We knew that the last of the Kizashi concept studies that made its debut at this year's New York Auto Show was too good to be true and that Suzuki would definitely tone down the mid-size sedan's appearance when ...
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What's new in the business scene
Nature preserve names business leaders to board of directors - The Mohonk Preserve has appointed two new members to its board of directors.
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Women and Four Year Old Boy involved in Car Crash
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Assurant Signs Warranty Accord With GE Unit
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.NET Rocks! - Dan Simmons and Stephen Forte on the EF Advisory Council
He has been at Microsoft for 10 years working on a variety of products. Before coming to Microsoft he worked as a consultant, founded an ISP and engaged in various other software pursuits.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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