Gardiner, 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
| Gardiner, New York News |
Gardiner 'Trees of Giving' to encourage food donations
The Gardiner Association of Businesses will literally "Deck the Hall" next month, the Gardiner Town Hall, that is, with nearly 20 Christmas trees for a "Trees of Giving" event that will spread holiday cheer and ...
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New Paltz Turkey Trot participants earn their extra helpings
They came, a goose-fleshed throng, sporting funny hats and pushing three-wheeled baby strollers, bouncing on their heels, warming up, chilling out, chatting with their friends, treating their coffee cups like ...
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Farmers market promotes local food
An Ulster County-based community group called Eat Local Food is organizing and supporting a winter farmers market at Robin's Warehouse Outlet, 249 Route 32, New Paltz.
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Presents for the Palate
Here are some really special food gifts. Mrs. Larkin's buttery, chunky scones, made with pure butter and fresh cream, make any breakfast a celebration.
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Seven busted in burglary ring
A rash of 20 recent forcible-entry burglaries in unoccupied homes in Rochester, Wawarsing, Marbletown, Rosendale and Gardiner has led to the arrest of seven suspects.
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Kucera House: Zero-Net Energy in Gardiner, New York
Designed by architet David Kucera for himself and his wife, the 2700-square-foot Kucera House in Gardiner, New York took honorable mention in New York House magazine's Best in Green Building Competition .
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Ulster County lawmakers start to deal with funding request
Two appeals for funding from representatives of the Ulster County Library Association were the only comments made during a public hearing Wednesday on a proposed budget for Ulster County that would raise the ...
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Nature at Work
As we dash about at our jobs, running errands and pursuing other activities, it's always worth stopping a moment to take a look around.
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Catholics in Construction breakfast Nov. 14
James Gardiner, director of the Graymoor Spiritual Center in Garrison, N.Y., will be the mass celebrant and breakfast speaker at the 118th semi-annual Catholics in Construction Communion Breakfast Nov.
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Weather is a messy mixed bag
Wet weather and strong winds pummeled the Hudson Valley Tuesday, causing a string of minor accidents, travel delays and power outages; and forecasters are predicting more hazardous weather today.
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Coming Sunday
Here are some of the stories we're working on for the print editions of the Sunday Freeman: The Kingston Common Council is considering tapping the city's fund balance to lower the tax increase proposed by Mayor ...
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New Gardiner Library opens today
Library staffers and Gardiner citizens move books in preparation for the grand opening of the new Gardiner Library at 133 Farmer's Turnpike.
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Mohonk Preserve honors Gunks Climbers' Coalition
Mohonk Preserve presented the annual Thom Scheuer Land Stewardship Award on Oct.
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Oil-dependent Mideast nations face squeeze amid slumping oil prices, global financial crunch
But Iran, Iraq and a handful of other nations face daunting challenges to make up the money in coming months because of the price drop and global financial crisis.
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Outdoor Notes: Oct 12-19
Hudson Highlands Nature Museum, Wildlife Education Center, 25 Boulevard, Cornwall.
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Staten Island rock climber reportedly dies in fall
A rock climber from Staten Island died after plunging 40 feet in a preserve in Gardiner, N.Y., according to a published report .
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Climber killed in fall at Mohonk Preserve
A man fell to his death while climbing at the Mohonk Preserve Wednesday morning.
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Mohonk rock climber falls to death
MINNEWASKA - A man fell to his death while rock-climbing at Mohonk Preserve in Ulster County this morning.
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Minnewaska Lodge bought by investment company
Minnewaska Lodge, the 26-room hotel at the base of the Shawangunks in Gardiner, is being sold to Starwood Capital Group Global, LLC.
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Apple Picking in the Hudson Valley
Autumn is beautiful in the Hudson River Valley! If you have a chance to get out and about to check out the foliage, one of the best locations is the Mohonk Preserve.
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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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