|
|
Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
|
|
|
Andover, NY Divorce Buyout in New York
Since 1979 Somerset Mortgage Lenders 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
| Andover, New York News |
Hammering home help
STEPHEN BRUN The Journal Pioneer SUMMERSIDE - A city couple is getting by with a little help from some new friends.
|
This Friday's paper will come in morning and will help area United Ways
Allegany and Cattaraugus county residents can be charitable just by buying a newspaper Friday.
|
BUSINESS: Newfane may lure second bidder for grocery store
"We know Newfane wants a grocery store. We have contacts with grocers. We do have someone else looking, but don't want to say who it is." The owners of the building that housed Shurfine Market are looking for a new client to fill the vacant supermarket at 2555 Main St. via Union-Sun & Journal
|
Budwey won't open grocery
"I feel so bad, but we were limited in what we could do there" Frank Budwey has decided that he will not bring his popular independent grocery store to town. via Buffalo News
|
State budget includes funds for four local libraries
Assemblyman Joe Giglio, R-Gowanda, recently announced the 2007-08 state budget contains funding for four local libraries in Cattaraugus and Allegany counties. via Buffalo News
|
Chili Service Notes
Chili Air Force Airman 1st Class Ryan Englert, son and stepson of Douglas and Paulette Englert of Chili, and a graduate of Churchville Chili High School and Monroe Community College, graduated from basic ... via Democrat & Chronicle
|
Welcome to February
"The rain was freezing as fast as it came down." By JOHN T. EBERTH and KATE DAY SAGER Olean Times Herald Dorotha Castellano of the U.S. Postal Service scrapes ice off the sidewalk outside the Olean Post Office this morning. via Http
|
Schools Call on Alumni Networks to Help Fill Coffers
"For instance, if a school's operations are in the red, its draw on its endowment may lift it above the line, obscuring the reality that the school is not running optimally." Rich prep schools, with wealthy and talented alumni to draw on, are becoming a lot richer. via New York Times
|
YMCA finishes purchase of former Belmont school
"This is the building we have earmarked for the Y" With the purchase of the old Belmont School Building now complete, the YMCA is inching closer to finding a future home in Allegany County. via Http
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
|
|
|
|
|
|
© 2006 Somerset Investors Corp. All rights reserved. |