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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.

Local divorce buyout directory for NY :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Hadley Harrison Highland Falls Hoosick
Hagaman Harrisville Highland Lake Hoosick Falls
Hague Hartford Highland Mills Hopewell Junction
Hailesboro Hartsdale Highmount Hornell
Haines Falls Hartwick Hillburn Horseheads
Halcottsville Hastings Hillsdale Hortonville
Hall Hastings on Hudson Hilton Houghton
Hamburg Hauppauge Himrod Howard Beach
Hamden Haverstraw Hinckley Howells
Hamilton Hawthorne Hinsdale Howes Cave
Hamlin Hector Hobart Hubbardsville
Hammond Helena Hoffmeister Hudson
Hammondsport Hemlock Hogansburg Hudson Falls
Hampton Hempstead Holbrook Hughsonville
Hampton Bays Henderson Holland Huguenot
Hancock Henderson Harbor Holland Patent Huletts Landing
Hankins Henrietta Holley Hume
Hannacroix Hensonville Hollis Hunt
Hannawa Falls Herkimer Hollowville Hunter
Hannibal Hermon Holmes Huntington
Harford Heuvelton Holtsville Huntington Station
Harpersfield Hewlett Homer Hurley
Harpursville Hicksville Honeoye Hurleyville
Harriman High Falls Honeoye Falls Hyde Park
Harris Highland

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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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