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Baldwin Place, 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.

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Baldwin Place, New York News
Vandals wreck Baldwin Place yard display BALDWIN PLACE - Maria and Christopher Corcione have been setting up an impressive Christmas display in their yard on Loomis Drive for the past seven years.
'Tis the season for vandalism Christine Pizzuti The Journal News BALDWIN PLACE - Maria Corcione has been setting up an impressive Christmas display in her yard on Loomis Drive for the past seven years.
New York man snared in Galante Probe to be sentenced today The second defendant to plead guilty in the federal probe that targeted trash hauling in the region is due to be sentenced this morning in New Haven's U.S. District Court.
Carmel halts work on Mahopac barn MAHOPAC - Carmel town officials have told the owner of a Mahopac-based tree-pruning business to stop building a barn-like structure on his nearly 2.5-acre property without a permit.
Putnam to begin new phase of bike trailway The county will soon start construction of a nearly 4-mile stretch of the Putnam Trailway system.
Is Union Place worth traffic hassle? Of the roads surrounding the Union Place project , there's Route 6, Baldwin Place and Stillwater Road if approaching from the Taconic State Parkway.
Trumbull Times Rail trails - linear parks for bicyclists, inline skaters, runners and walkers - are popular concepts in many parts of the country and offer a safe place for family bicycle outings.
Yonkers police make drug arrest A 28-year-old Yonkers man was arrested by two plainclothes police officers who spotted him with drugs, authorities said this morning. via The Patent Trader

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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.