Calverton, 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
| Calverton, New York News |
Sat. 11/29 Death Notices
Patricia A. On 11/28/2008. Beloved wife of the late John J. Loving mother of John and his wife Lisa.
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Riverhead Resorts proposal is focus of forum
Riverhead Town Superviosr, Phil Cardinale, said that Riverhead Resorts has already made a $2 million payment to the town.
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East Enders Pipe Up About Riverhead Resorts
A meeting hosted by the League of Women Voters in Hampton Bays on Monday provided a platform for concerned East End residents to bring their questions to the table regarding Riverhead Resorts, a proposed $2.1 ...
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Amid optimism, questions about Riverhead Resorts
Environmental concerns and questions about Riverhead Resorts' financial viability dominated a Monday night forum on the proposed eight-resort complex in Calverton .
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What will be the next White House dog?
Unlike previous White House dogs, America's next "first pooch" may come from more humble beginnings.
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Eastport community notes
The week before Election Day I got together with some people to make phone calls, asking for volunteers to help out at local campaign centers.
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Calverton cemetery expansion planned
One of the biggest national cemeteries for veterans, the Calverton National Cemetary in Suffolk County, is going to get larger.
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Wed. 11/5 Death Notices
James, on Nov. 3, 2008 at age 93 years. native of Kilcar, County Donegal , Ireland .
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Tues. 11/4 Death Notices
Gerald D. On 10/31/2008. Lifelong resident of the Bronx . Dear brother of Tom, Robert, AnnaMarie Clark and the late Richard and Frank.
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Feds bury cemetery worker in fraud charges
A Long Island cemetery worker was charged with doing unauthorized body work on the side, federal authorities said Monday.
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Hampton Bays community notes
I recently visited my friendly purveyor of dog food, Bill Deinzer, at Hampton Bays Pet Supply.
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Pay 'No Mind'
A Long Island woman says her husband's brain is missing. Mozelle Purifoy says she wasn't told until days after her husband's funeral in 2006 that his brain had been removed - and she's still not sure where it ...
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Fund-raiser being held for twins whose parents died in plane crash
Donna and Robert Gregory, who died in a plane crash in August, with their twins Amanda and Bobby.
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Sun. 10/19 Death Notices
Alfred T. of Long Beach , NY on October 18, 2008 in his 84th year. Beloved husband of Mary .
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Schock for obese man's rescuers
Calverton, New York - A man who weighs about 270kg has been rescued from his home after falling and struggling for two days to call for help.
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Firemen Cut New Entry To Rescue Obsese Man
Long Island, N.Y., firefighters say they did their best not to do too much damage to the home of a 600-pound man while transporting him to a hospital.
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600-pound man rescued from home
A 600-pound man who had fallen and lay stricken on the floor of his Calverton mobile home for several days was rescued Sunday night by firefighters who cut a large hole in the side of the trailer to carry him ...
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Firefighters hoist 600-pound man from his NY home
A man who weighs an estimated 600 pounds has been rescued from his Long Island home after falling and struggling alone for two days to telephone for help.
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Community coming together to support family of Andrew Reister
Andrew Reister's brother, James Reister. Those who knew him remember the late Andrew Reister for two things: his emphasis on the importance of family, and his love of golf.
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Rechler Tapped to Build, Manage 485,000SF Long Island Biz Park
Officials of Long Island's Suffolk County have selected Rechler Equity Partners to build and manage the Hampton Business and Technology Park, which will occupy 58 acres at the Francis G. Gabreski Airport.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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