Jamaica, 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
| Jamaica, New York News |
Guards face assault rap
Four guards at a jail in Queens for federal prisoners were indicted Thursday for beating and humiliating an inmate after he complimented a woman guard about her appearance, authorities said.
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Make-over coming to Jamaica strip
The long-awaited plan for an "airport village" in downtown Jamaica is ready for takeoff.
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2 Hurt as Trains Bump in Queens LIRR Station
Long Island Rail Road says two westbound trains "bumped" as they were entering a Queens station.
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Two LIRR trains bumped outside a station in Jamaica.
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'Grid & Bear it' Girl Sues
A Queens girl who was forced to play football in gym class last year was hurt after another student tackled her to the concrete, according to a lawsuit her family has filed against the city.
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Queens Girl Sues School After Being 'Forced' To Play Football
A Queens girl who was forced to play football in gym class last year was hurt after another student tackled her to the concrete, according to a lawsuit her family has filed against the city.
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Library's 'election' lets kids participate in process
AT THE tender age of 10 years old, Douglaston's Scott Ma has already taken the responsibility of voting very seriously.
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Queens may add convention centers
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No place for racism
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Nypd Daily Blotter
Stray gunfire blew out the windshield of an empty school bus during a brawl in front of a South Jamaica middle school yesterday, police sources said.
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Queens NY News Paper- The Queens Courier News Top Stories Tears and fireworks for Obama
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50 Cent & Bette Midler launch community garden
While under Sam's watch, Mel's niece swallows a prized wedding ring that Mel's grandmother gave to him for the big day.
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Bangladeshi Voting Fever in the Boroughs
An election was about to be committed on American soil - no, not the one happening next week, the one that should result in a huge turnout by American standards, but will, inevitably, only rouse a minority of ...
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NYPD Daily Blotter
Kevin Byrd, 18, and accomplice Anthony Wallace attacked the 28-year-old man walking along Beach 56th Street near Larkin Avenue shortly after 12:30 a.m. on Sept.
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Rare October Storm Leaves Thousands In The Dark
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Marriage is on Angelina Jolie's Mind
If Angelina Jolie finally marries Brad Pitt, he can thank that smelly green ogre Shrek.
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Plant like a Hindu god is stalk of da town
Sam Lal, in his Jamaica, Queens yard with unusual amaranth plant that resembles Hindu god Ganesh.
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Money-transfer outfit finds kindred spirits in Queens
Laurelton's large Jamaican population seen as key attraction. Adrianne Pasquarelli Proving that some financial institutions are still alive and kicking, Jamaica National Overseas Inc.
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Woman found suffocated in her apartment
A 21-year-old woman was found dead in her apartment the evening of Oct. 17 and her estranged boyfriend has been arrested in connection with her death.
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One in Four Homes in Foreclosure in East Queens
South Jamaica is right near JFK Airport, and it's a neighborhood that tourists don't notice unless they're looking out the window of the LIRR on the way into Manhattan.
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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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