Montrose, 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
| Montrose, New York News |
Apartment fire rousts Peekskill family of 3
PEEKSKILL - A family of three adults was displaced from a fourth-floor Brown Street apartment yesterday after a faulty refrigerator caused a fire.
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3 store clerks charged in underage-alcohol sting in Cortlandt
CORTLANDT - Clerks at stores in Cortlandt and Montrose were arrested during an underage-drinking initiative conducted by state and Westchester County police, state police Investigator Sean Morgan said today.
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Local briefing
A deputy from the Putnam County Sheriff's Office was assaulted Sunday after he tried to break up a fight between two men at 335 Route 312, police said.
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Public invited to meeting on Indian Point safety
Entergy Nuclear, which owns and operates Indian Point nuclear power plant, will host meetings to respond to a safety evaluation report.
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Fire wrecks dining room and kitchen of Montrose restaurant
An early morning fire wrecked part of the dining room and kitchen area of Portofino restaurant on Route 9A today.
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Cops: Montrose man hid on roof in bid to avoid arrest
Putnam County Sheriff's Office deputies went to the home of Glenn M. Tegeler, 41, of 24 Lent Ave.
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Rockland deserves own IP meeting
So let me see if I understand this: Entergy is holding meetings in Montrose and Tarrytown, Nov.
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10 Hen Hud students bring help to Guatemala
MONTROSE - Ten Hendrick Hudson High School students traveled to Guatemala in August to help out children as part of the Safe Passage program.
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Lots of room for all
Just this week, Adm. Michael Mullen, chairman of the Joint Chiefs of Staff, called for all returning combat troops to undergo mental-health screening for post-traumatic stress.
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Blythedale Comedy Night Benefit
Blythedale Children's Hospital will be the sole beneficiary of a special "Journey of Hope" Comedy Night at the Hendrick Hudson High School on Saturday, October 11 at 7:00 p.m. Presented by Cortlandt Engine Co.
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Hen Hud club founder named Leo of the Year
MONTROSE - Rachael Costello of the Hendrick Hudson Leo Club was named Leo of the Year at the Lions Clubs International Convention in Bangkok, Thailand.
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Entergy's gift to support math, literacy programs
MONTROSE - The Entergy Corp. has presented a $152,000 check to the Hendrick Hudson Board of Education for the support of math and literacy programs.
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Hendrick Hudson stabbing victim arrested
State police said Perry Knowlton of Montrose, whose age was not released, is accused of robbing a local man after setting up a deal to buy marijuana.
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2 Hen Hud schools in 'lockout' mode after off-campus stabbing
MONTROSE - Hendrick Hudson High School is in a lockout mode today as state police investigate the stabbing last night of a high school student.
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Police blotter: Westchester-Putnam
Route 6: Ryan Ennis, 19, of Ossining, was charged around 1:20 a.m. Aug. 28 with unlawful possession of marijuana, failure to use a designated lane and driving left of pavement markings, violations, police said.
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Spotlight finds Montrose man in DNC security detail
A Montrose man became an overnight celebrity among his friends and family after being seen on TV and in newspapers standing alongside Sen.
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Music adds spice to Salt Springs Celebration
No celebration is complete without music, and the 6th Annual Salt Springs Celebration will have a full day of regional musicians performing in a variety of genres.
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Montrose veterans nursing home fined for poor care
A state-owned nursing home for veterans paid $36,000 in fines this year for faults in patient care.
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Database: Search NY federal employee salaries
This database contains the salaries of federal employees in New York, including those who work at the Veterans Affairs Hospital in Montrose.
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Doctor, veteran is VA champion
Dr. Wavell Hodge is an enthusiastic booster for VA health care, touting its merits to anyone who will listen, including classmates.
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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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