Thornwood, 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
| Thornwood, New York News |
Bank robbery suspect may have hit another bank last week
THORNWOOD Mount Pleasant Police Tuesday evening said the man who robbed the TD Bank branch on Marble Avenue in Thornwood at 4 p.m. on Tuesday appears to be the same person who held up a TD Bank branch in ...
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Police eye link between recent bank robberies
Police may look into a possible link between recent bank robberies in Westchester County, N.Y., and a robbery Saturday at the TD Banknorth branch in Klarides Village Shopping Plaza.
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TD Bank robbed in Thornwood, four days after Mamaroneck branch hit
A TD Bank was robbed yesterday afternoon - the third in four days - apparently by the man who held up a branch in Mamaroneck last week, police said.
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Thornwood bank robbed
The TD Bank on Marble Avenue was robbed of $3,300 this afternoon, police said. The robber is believed to be the same person who robbed a TD branch in Mamaroneck on Thursday, police said.
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Mount Pleasant Today seeking community input on committees
The grassroots organization Mount Pleasant Today had its first public meeting Oct.
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New group to discuss issues in Mt. Pleasant
MOUNT PLEASANT - A grassroots community group known as Mount Pleasant Today will hold its first meeting at Town Hall tomorrow.
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A totally teen debut
When 30 kids take to the stage at The Tarrytown Music Hall this weekend to present Stephen Schwartz's "Children of Eden," they'll be telling the biblical story of creation.
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Spano lauds new plastic bag recycling program
Starting Monday, large retailers across Westchester face fines if they do not maintain a recycling program that accepts customers' plastic bags - including those from competing stores.
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Mount Pleasant: Parks, open space contribute to rural charm
Swapna Venugopal Ramaswamy The Journal News While the earliest known residents of Mount Pleasant were the Weckquaesgeek tribe of Indians, the more recent settlers, the Dutch, arrived here courtesy of a ...
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Marron propels Westlake to 2-1 win
THORNWOOD - It's pretty much a given that Amy Marron is going to score. The question is how many goals, at what juncture, and what style the Westlake junior star is going to come through.
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DiBiase's four TDs spur Westlake
THORNWOOD - While lying flat on his back on the home sideline, Jesse DiBiase craned his neck to the left and cringed.
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Westchester briefing
In a two-minute court appearance yesterday morning, the continuing case of rape against New Rochelle police Sgt.
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Volleyball: Westlake defeats Pearl River
THORNWOOD - Behind 11 kills and seven assists from Nicole Petrillo, Westlake rolled to a 3-0 win over Pearl River today.
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Cops don't expect to charge 3rd man in alleged sex romp
GREENBURGH - Town police said they don't expect to file any charges against 'Jim,' the man they believe arranged a backyard summer sex romp that led to charges against a former Catholic school's principal from ...
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Rollover kills driver near Liberty
One man died and another suffered life-threatening injuries Monday in a single-car crash on Route 17 eastbound.
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Muslims prepare for Ramadan's start
For most Muslims, the month of daily sunrise-to-sunset fasts known as Ramadan is an eagerly anticipated time of the year because it is marked by introspection, sacrifice and community ties.
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Mt. Pleasant woman convicted of 2 of 3 charges in helping friend kill mother in Ossining
WHITE PLAINS - A jury this evening acquitted Carmela Magnetti of the top charge, but convicted her of two other felonies for her involvement when her best friend killed her own mother in Ossining in 2006.
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Standing Ovation
But I did do my share of vetting local acting programs while raising my today 20-something musical theater actress who - can we kvell? - recently made her Off-Broadway debut.
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Cops: Teen drunken driver smashed into Thornwood house
A teenage drunken driver crashed into an occupied house last night, police said.
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2 arrested behind Thornwood shopping center with handgun, stun gun, handcuffs
Two Westchester County men had a loaded handgun, a stun gun and handcuffs in a parked car behind the Rose Hill Shopping Center.
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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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