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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
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Hopewell Junction, 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
| Hopewell Junction, New York News |
Man faces charges following chase
HOPEWELL JUNCTION - A Wappingers Falls man is due in court Monday on charges following a pursuit on I-84 that started in Newburgh.
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Bookstores to contribute to local PTA
On Nov. 28, Barnes & Noble stores in Poughkeepsie and Kingston will contribute a percentage of every sale made with a special book fair voucher to the Parent Teacher Association of Gayhead Elementary School in ...
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Trauma staff inspired by a little survivor
Zachery Avis is doing just fine. Not bad for a kid who spent a month in critical condition and still undergoes five-day-a-week rehabilitation for injuries sustained in a horrific accident.
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Holiday windows challenge
C reate a theme. Stick to the basics. Don't forget to promote your business. These are holiday window decorating tips from Hopewell Junction interior designer Shannon Leddy.
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Free rabies clinic Sunday in East Fishkill
HOPEWELL JUNCTION - A free rabies clinic will be held from 11 a.m. to 3 p.m. Sunday, hosted by the Dutchess County Department of Health in cooperation with the Dutchess County Society for the Prevention of ...
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Flags to remember lost 9/11 firefighters
HOPEWELL JUNCTION - Students at John Jay High School invite members of the community to sponsor flags that represent the lives of the 343 firefighters who were killed Sept.
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Chiropractor celebrates grand opening in Poughkeepsie
Dutchess-area residents have a new place to take their aching necks and backs. Dr. Andrea Paporto, of Hopewell Junction, opened a chiropractic office in the Town of Poughkeepsie in April.
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Paramedic who saved child honored by the toddler
Mobile Life Paramedic Mike Lanspery of Newburgh on Saturday received Saint Francis Hospital's EMS Provider of the Quarter Award from 2 ½-year-old Zachary Avis, whose life he helped save earlier this ...
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Book club to discuss 'The Zookeeper's Wife'
HOPEWELL JUNCTION - The East Fishkill Community Library Afternoon Book Club will meet at 1 p.m. Nov.
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2 congregations called church home
The River Church had operated in quite a few locations before it moved into the 117-year-old building on South Hamilton Street.
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New York Guard chief begins duties
A Hopewell Junction resident has been appointed to the top position of the New York Guard.
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Camp helps girl improve eating and exercise habits
When seventh-grader Marina Colicci of LaGrangeville was in second grade, her pediatrician noticed she was putting on extra weight.
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Gusty winds lead to power outages in region
Rain and gusty winds are causing some problems in the Lower Hudson Valley. Numerous trees are reported down in Putnam County.
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Amateur radio club will meet Nov. 6
HOPEWELL JUNCTION - The QSY Society Amateur Radio Club's will meet on Nov. 6 at the East Fishkill Community Library.
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Good Life: Your positive achievements
This photograph from our region's past was sent in by Vincent Commisso of Hopewell Junction.
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More election letters - 10/24
I am writing in response to the letter from Dorothy Mekeel in support of the interim judge of East Fishkill.
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Web site no bargain for runners
The following topic has been on my 'to-do' list for this column for quite a while now - ever since Mid-Hudson Road Runners Club 50-plus stalwart Ken DeVries of Hopewell Junction pointed it out to me last year.
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Historical Society hosts walk and talk along former railway
It was a warm, bright, beautiful fall afternoon on Saturday, Oct. 11, as Millbrook residents gathered on the village green for the Historical Society's third annual Rail Trail Walk.
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Financial seminar set at East Fishkill library
HOPEWELL JUNCTION - The East Fishkill Community Library will host a free, educational program by Jim Santangelo of Royal Alliance Associates at 1 p.m. on Saturday.
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Mall appoints director of operations
John Urbanak, of Hopewell Junction, is the new director of operations at the Poughkeepsie Galleria, the Town of Poughkeepsie mall.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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