Alplaus, 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
| Alplaus, New York News |
Alplaus Fourth of July parade has old-fashioned, hometown feel
I'm not sure when the Alplaus Fourth of July parade first began. It didn't exist when we moved there in 1966.
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Downed wires to balem for traffic jam
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Local bridges to be replaced
"It's a tough situation either way you look at it" With summer coming up fast, the Mohawk Valley is preparing for construction season. via Gloversville Leader-Herald
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Dunkin' Donuts plans Tax Day donut giveaway
"We know Americans work hard for their money and this is our small way of showing our appreciation" Dunkin' Donuts is offering customers a free donut on Tax Day, April 15. The Canton, Mass.-based food chain said the donut is free with the purchase of a cup of hot coffee. via The Business Review
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Park Plans Remain in Limbo Thanks to City Agencies
Where there's a will ... there's a way. Except when you're dealing with the city of New York. via Staten Island Advance
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2 businesses could lose Empire Zone benefits
Two businesses in the Albany, N.Y., area are in jeopardy of losing state tax credits and being booted out of the state's Empire Zone program, state officials said. via Business Review
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NY Legislature Passes Budget
It was the most rocky of starts for a state fiscal year: A new governor installed after a scandal, a budget deadline missed by nine days, and a secretive budget negotiation process that even had legislators ... via WCBS Newsradio 880
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Demolition on 4 Sch'dy buildings set for April 12
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Schools to teach Arabic
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Local artist Fledman to speak to Webster Art Club
The Webster Art Club will meet from 7 to 9 p.m. April 9 at the Webster Fire Hall, 29 South Ave. via Democrat & Chronicle
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Mike in Overdrive
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Schenectady Residents Urged to Report Broken Street Lights :
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Population loss in Central New York
Cities in western New York continued to show population losses over the past year. via WSTM-TV Syracuse
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Paterson's Patience On Personal Questions Wearing Thin
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Pro-Pricing PAC Puts Pols on Notice
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Millionaires tax out in new N.Y. budget deal
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MADD prepares to honor DWI victims
"If someone drives by on their way to a bar and sees (the display), they might think twice about drinking and driving." Mothers Against Drunk Driving of Western New York is gearing up for the annual DWI victim memorial garden that serves as a remembrance and creates awareness for community members. via Democrat & Chronicle
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Acting NY State Police Superintendent Retiring
SENTENCE STATEMENT, FELTON SAYS HE'S RETIRING EFFECTIVE APRIL 4th. HE HAD HELD THE POST SINCE FEBRUARY OF LAST YEAR. via WGY-AM Albany
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Lawmakers, officials react to Paterson's first speech as governor
"Whenever New York has faced a challenge or a difficult time we come together. And David Paterson is the type of person who will work well to bring people together. We have to put aside politics and partisanship and work in the public's interest." George Pataki: 'Whenever New York has faced a challenge or a difficult time we come together. via Journal News
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Paterson: Cut budget by $800 million
"New York is facing a fiscal challenge that we have not seen since the dark days following Sept. 11" Gov. David Paterson Tuesday proposed cutting state spending by $800 million - an across-the-board cut of 2 percent. via Press & Sun-Bulletin
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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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