Angola, 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
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What you are missing if you don't pick up a copy of the print edition of The Sun.
What you are missing if you don't pick up a copy of the print edition of The Sun .
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Angola votes mainly peacefully in historic election - Summary
Johannesburg/Luanda - Angolans went to the first of two days of polls Friday with little disruption, and to praise from the head of the European Union observer team.
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Former Evans Center fire chief gets news lungs and the gift of life
Dennis Allen has returned to his Angola home, where a banner welcomed him back after he received two new lungs July 2 in the Cleveland Clinic.
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Sun Editorial: Hackathorn's efforts as village trustee in Hamburg should be commended
SUN EDITORIAL: Hackathorn's efforts as village trustee in Hamburg should be commended Work behind-the-scenes by elected official are impressive By DANIEL MEYER SUN EDITOR With all the talk about downsizing ...
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Village memorializes victims of 1867 train disaster known as the Angola Horror
Unveiling the plaque for victims of the Angola Horror are, from left, Karen Erickson, William Houston, Hub Frawley and William Haberer.
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Angola man faces drunken-driving, drug charges
Erie County sheriff's deputies have charged an Angola man with driving while intoxicated, possession of a controlled substance and an outstanding warrant from Lackawanna following his arrest Sunday in Brant.
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Key figure in Capozzi case retires as Evans police chief
Town of Evans Police Chief Samuel V. DeJohn is retiring at the end of this week after a 36-year career.
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75-year-old Angola woman dies following collision
A 75-year-old Angola woman died Wednesday night after suffering injury complications from a two-vehicle accident in the Town of Evans earlier in the day, Evans police said.
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Sun Editorial: Once-in-a-lifetime opportunity awaits village residents
Request for the village officials of Hamburg, Blasdell, Angola and Farnham By DANIEL MEYER SUN EDITOR Give the power to the people.
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Village mayors unite against proposal
Local mayors are firing back at plans to downsize or eliminate village governments in Erie County.
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An artist without hands
Ramon Dennis, 19, who paints and sketches without hands, works his artistry on a column at the Tri-Main Center on Main Street.
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Site acquired for Angola Walgreen's
Plans for the region's newest Walgreen's pharmacy have taken a major step forward.
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Commuting Concerns/ Trouble spots for the upcoming week
There will be lane restrictions westbound at Exit 56 from 9 a. m. to 1:30 p. m. Monday through Friday.
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Downsizing Government by the Numbers
Kevin Gaughan has been making a pitch to every town and village in Erie county to reduce the size of government by two.
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N. Y. banks can expand to states nearby
State-chartered banks in New York can now open new branches in neighboring states without having to first buy an existing bank in that state, under a law enacted this month.
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Adalah-NY continues Leviev protests
August 01, 2008 New York-Adalah-NY, the group responsible for the protests outside Lev Leviev 's store on Madison Avenue, continued their campaign against the billionaire diamantaire at the JA New York Summer ...
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WBEN Buffalo Business Report - Thursday
The Associated Press is reporting that GM plans to trim 51-hundred jobs - or 15% of its salaried workforce in the U.S. and Canada - by November 1st.
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Train noise vexing to one resident
The Angola Village Board heard concerns from a village resident about disruptive train traffic at a board meeting Monday night.
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Hamburg's historic Buxton Inn coming down one brick at a time
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MONDAY: Lockport Post Office earns five star rating
The Lockport Post Office on East Avenue is one of 60 western New York post offices recognized as a "five star" site.
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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