Tarrytown, 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
| Tarrytown, New York News |
Lower Hudson Valley prepares for quadricentennial kick off
A highlight of the festival, which will take place Jan. 24 and 25 at Rockland Lake State Park, will be large and intricate sculptures by expert ice-carving artists.
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Wintry weather, crashes snarl holiday traffic
While snow and rain dashed many hopes of a quick and easy drive home from Thanksgiving weekend yesterday, temperatures will be much warmer today, though there could still be wet weather.
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TZ Bridge project to bring in planners to work with localities
Could an underground train station be built in Nyack as part of the project to replace the Tappan Zee Bridge and add mass transit? Maybe.
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Election generates jokes
The brutally honest comedy of Nick DiPaol reminds us of what great stand up should be: funny, socially relevant and a little bit reckless.
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Troopers: Yonkers man stole Maserati from Spring Valley dealership; nabbed on TZ Bridge
TARRYTOWN - A 23-year-old Yonkers man faces a felony charge after he stole a $50,000 Maserati from a Spring Valley dealership and was caught driving it across the Tappan Zee Bridge, state police said today.
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Bayer to pay $97.5M to settle kickback probe
Published: Tuesday, November 25, 2008 at 3:07 p.m. Last Modified: Tuesday, November 25, 2008 at 3:07 p.m. German medical conglomerate Bayer will pay $97.5 million to settle U.S. government allegations that it ...
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Five charged in Greenburgh booze sting
GREENBURGH - Workers at four convenience stores and a wine shop were arrested after selling alcohol to a 19-year-old woman during an undercover sting, police said.
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Winter Solstice Concert At Tarrytown Music Hall
An interfaith holiday celebration in song will be presented by Tribes Hill, a lower Hudson Valley collective of singer-songwriters and their patrons, at the Tarrytown Music Hall in Tarrytown, New York, on ...
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County exec gets taxpayers' advice on cuts
Got an idea on how to lower Westchester County's taxes? County Executive Andrew Spano wants to know.
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Still no money
In subtle but distinct ways, the tide of public support and political will seems to be turning on the Tappan Zee Bridge/Interstate-287 Project.
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Business in the Burbs: Medical offices open in White Plains
North Street Community LLC has opened the Westchester Medical Pavilion, a 72,000-square-foot medical office complex at 311 North St.
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NY troops home from tour of duty
TARRYTOWN - About 70 New York National Guard members assembled in Tarrytown Saturday, and their mission is to deploy themselves safely back to civilian life.
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State fiscal watchdog says NY will have to get creative to pay for TZ Bridge replacement
New York state Comptroller Thomas DiNapoli today said the state would find a way to raise billions for a replacement for the Tappan Zee Bridge - it just doesn't know exactly how yet.
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Doubletree Tarrytown Appoints Judie Galvin as Restaurant Sales & Marketing Manager for Bistro Z
The new Doubletree Hotel in Tarrytown has recently appointed Judie Galvin of White Plains as the Restaurant Sales & Marketing Manager of Bistro Z, the hotela s upscale modern American bistro serving fresh and ...
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Barge at TZ Bridge breaks loose, drifts
PIERMONT - A 100-foot-long barge that has been used for a road project on the Tappan Zee Bridge broke loose yesterday and drifted into shallow water near the village pier.
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An artist of many endeavors
The exhibit "Rockwell Kent: This is My Own" will debut Saturday at the New York State Museum, Madison Avenue.
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Noxious acid vapors in Tarrytown YMCA sicken up to 18 people
TARRYTOWN - As many as 18 people had to seek medical treatment yesterday after noxious fumes of acid were sent wafting through the air of the Main Street YMCA building, fire officials said.
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Two charged with drug possession on Thruway
Two upstate residents are facing heroin possession charges after being stopped by state troopers assigned to the Tarrytown barracks.
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Rockland seeks increase in bus fares
The cost of riding the bus in Rockland could soon go up. The county's Department of Transportation is proposing to raise fares on five bus services: Transport of Rockland, which travels within the county; the ...
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Tappan Zee Bridge: Backups remain on S/B commute though thick plates are gone
SOUTH NYACK - Those thick, raised construction plates that caused morning-long backups over the Tappan Zee Bridge are gone today for Westchester- and New York City-bound commuters but heavy backups continue.
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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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