Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

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.

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
Sabael Scottsville Smithville Flats Springfield Gardens
Sackets Harbor Sea Cliff Smyrna Springville
Sag Harbor Seaford Sodus Springwater
Sagaponack Selden Sodus Point Staatsburg
Saint Albans Selkirk Solsville Stafford
Saint Bonaventure Seneca Castle Somers Stamford
Saint James Seneca Falls Sonyea Stanfordville
Saint Johnsville Severance Sound Beach Stanley
Saint Regis Falls Shandaken South Bethlehem Star Lake
Salamanca Sharon Springs South Butler Staten Island
Salem Shelter Island South Byron Steamburg
Salisbury Center Shelter Island Heights South Cairo Stella Niagara
Salisbury Mills Shenorock South Colton Stephentown
Salt Point Sherburne South Dayton Sterling
Sanborn Sheridan South Fallsburg Sterling Forest
Sand Lake Sherman South Glens Falls Stillwater
Sandusky Sherrill South Jamesport Stittville
Sandy Creek Shinhopple South Kortright Stockton
Sangerfield Shirley South Lima Stone Ridge
Saranac Shokan South New Berlin Stony Brook
Saranac Lake Shoreham South Otselic Stony Creek
Saratoga Springs Shortsville South Ozone Park Stony Point
Sardinia Shrub Oak South Plymouth Stormville
Saugerties Shushan South Richmond Hill Stottville
Sauquoit Sidney South Salem Stow
Savannah Sidney Center South Wales Stratford
Savona Silver Bay Southampton Strykersville
Sayville Silver Creek Southfields Stuyvesant
Scarsdale Silver Lake Southold Stuyvesant Falls
Schaghticoke Silver Springs Sparkill Suffern
Schenectady Sinclairville Sparrow Bush Sugar Loaf
Schenevus Skaneateles Speculator Summit
Schodack Landing Skaneateles Falls Spencer Summitville
Schoharie Slate Hill Spencerport Sunnyside
Schroon Lake Slaterville Springs Spencertown Surprise
Schuyler Falls Slingerlands Speonk Swain
Schuyler Lake Sloansville Sprakers Swan Lake
Schuylerville Sloatsburg Spring Brook Sylvan Beach
Scio Smallwood Spring Glen Syosset
Scipio Center Smithboro Spring Valley Syracuse
Scottsburg Smithtown Springfield Center

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

New York News
'Bloomberg's the mayor of New York, not the king'

Pushy, ambitious, bold, Michael Bloomberg's bid to remain mayor for another four years marks him out as the archetypal New Yorker.


Chicago runners hope for cooler marathon

Joan Marie Kaye and 45,000 runners gearing up for the Chicago Marathon know that muscle-aching, mind-numbing, hurts-so-bad-you-want-to-die kind of pain almost surely awaits them.


5 killed in Manhattan blaze, including 3 children

A family of five, including three children as young as 15 months, died in a blaze Saturday that filled an apartment with thick black smoke and kept the victims from escaping through the front door, fire officials said.

A 10-year-old boy who survived was in critical condition after the fire in a public housing complex in Manhattan's Chelsea neighborhood. The boy was found with two other family members in a back bedroom, while the rest of the family sought refuge in a full bathtub and underneath a bathroom sink, officials said.


CNN to give $100,000 to `hero' on holiday special

NEW YORK A woman who moved to Louisiana to help Hurricane Katrina survivors, a marathon runner who gets homeless people on their feet and several community organizers will be honored by CNN in its second ...


Rival Cypriot leaders hold private talks on reunification

NICOSIA: Rival Greek- and Turkish-Cypriot leaders held private talks on Friday in a bid to speed up slow-moving negotiations on reunifying the divided Mediterranean island.


Economic woes cause travelers to postpone, cancel trips

The plunging stock market, big bank failures, falling home values and other scary economic news could signal trouble for travel.


Latin America stocks seesaw lower on US frenzy, contagion fears

Latin American markets seesawed lower in volatile trading Friday as skittish investors pulled cash from the region on fears that fallout from the global financial crisis could not be contained.


NY priest charged with e-mailing porn to teenager

Police say a priest who serves as a youth minister at a Roman Catholic university e-mailed pornographic videos to a Colorado detective posing as a 14-year-old.

Authorities say the Rev. Charles Plock, a chaplain at St. John's University in Queens, shot the masturbation movies in the bathroom of his on-campus apartment. The priest's face is clearly visible, according to investigators.

As part of an online sting operation, police in Colorado's Adams County traced the e-mail to St. John's. In New York, the NYPD investigators armed with a search warrant seized Plock's computers along with the homemade footage.


Wyo. town reflects 10 years after Shepard's murder

A decade after a gay college student was beaten, tied to a fence and left for dead, many in this small college town are still struggling with the aftermath of a crime that triggered nationwide sympathy and brought a re-examination of attitudes toward gays.

Ten years ago, 21-year-old Matthew Shepard died after being beaten and left in the cold by two men he met in a bar. Residents were shaken by the brutality of the crime, and the media descended on the town trying to explain why it happened.


Met's "Salome" At A Theater Near You

Karita Mattila as Salome in the Metropolitan Opera's production of "Salome." The Metropolitan Opera's third season of The Met: Live in HD continues with a special afternoon transmission of Richard Strauss's ...


Paterson Says Home Heating Fears Should Ease

Gov. David Paterson says the winter heating season may be easier than expected for low- and moderate-income New Yorkers.


New Yorker consumers glum

New Yorkers weren't showing the same optimism about their economic condition as the nation as a whole in September, according to the consumer confidence survey out todayA from the Siena Research Institute.


World Food Day to stress on climate change, bio-energy

Climate change and bio-energy are the focus of this year's World Food Day activities, expected to involve over 150 countries, the UN Food and Agriculture Organisation said Friday.


Dutch prince to visit valley

ALBANY - A member of the Dutch royal family will help New York state mark next year's 400th anniversary of Henry Hudson's voyage on the river that would bear his name.


'Fame' remake lines up cast

Nine Hollywood hopefuls want you to remember their names. MGM has compiled most of the lead cast for its accelerating remake of the 1980 musical "Fame." Kristy Flores, Paul Iacono, Paul McGill, Naturi Naughton, ...


News Roundup: Gas-drilling hearings set

The state Department of Environmental Conservation has issued a draft scoping document outlining the issues to be covered in its analysis of the environmental impacts of national gas drilling in the region's ...


NYC park to light up by taking visitors' pulses

NEW YORK - Here's an art exhibit that could really get your pulse racing. Madison Square Park, located near the famous Flatiron building in Manhattan, is installing an interactive light installation by Mexican ...


Original Tin Pan Alley Put Up For Sale In NYC

Oct 9, 2008 12:12 pm US/Central NEW YORK Tin Pan Alley, once the home of Irving Berlin, George and Ira Gershwin and dozens of other great American songwriters, is up for sale.


Feds go forward with NYC airport experiment

Federal officials are pushing ahead with an experiment to reduce rampant flight delays around the nation by auctioning off takeoff and landing times at New York City-area airports, where most delays begin.


Movie Review - 'Nick and Norah': Cotton candy in a good way

REVIEWED BY M. SCOTT MORRIS Daily Journal "Nick and Norah's Infinite Playlist" is a celebration of young love, music and New York.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha |