Tuckahoe, 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
| Tuckahoe, New York News |
State: Consolidate small school districts
State school districts with fewer than 1,000 students would be forced to merge under a proposal before Gov.
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Community Fund launches drive
The Community Fund of Bronxville, Eastchester, Tuckahoe Inc. is kicking off its 89th annual campaign.
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Author Farrelly set to speak at library
TUCKAHOE - Gail E. Farrelly, author of 'Mini, Maxi and Medium-Sized Mystery Stories: One Size Doesn't Fit All,' will discuss her craft at 11:30 a.m. Dec.
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Eagle Scout troop holds food drive for holidays
EASTCHESTER - Eagle Scout Troop 353 held its 18th annual Scouting for Food the weekend before Thanksgiving.
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Gertrude Belle Elion
"Gertrude Belle Elion." 15 October 2008. HowStuffWorks.com. 22 November 2008. Elion, Gertrude Belle was an American biochemist who won the Nobel Prize in physiology or medicine in 1988 for the development of ...
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Cops: Bronxville BMW thief eludes chase but is nabbed in Yonkers
BRONXVILLE - A Bronx man stole a 2007 BMW from a Bronxville driveway today, eluded a Tuckahoe police chase but was caught in Yonkers, police said.
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Diwali celebration held for community
The Tuckahoe Community Center recently hosted a Diwali festival, symbolizing victory of light over darkness.
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Support for kids offered at Bereavement Center
The Bereavement Center of Westchester, a nonprofit program based in Tuckahoe, provides grief support to adults, children and teens in group and individual settings.
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Westchester briefing
Daniel Warren Elementary School is going to have a 'Wild Thing' activity night complete with live animals, crafts, movies and a book sale tonight, from 6:30-8:30 p.m. A book sale will be going on separately ...
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Fundraiser for Luisi earns more than $40G
EASTCHESTER - The Paul Luisi Foundation's fundraising gala at Siwanoy Country Club raised more $40,000 to fight pediatric cancer.
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Tangerine Thai in Tuckahoe: Thumbs Up
My wife and I had some excellent Thai food at the new Tangerine Tahi restaurant in Tuckahoe .
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Democratic incumbents sweep state Senate, Assembly races in south and central Westchester
The landslide for Democrats nationwide yesterday also buried Republicans in central and southern Westchester, where voters re-elected all 10 Democrats who represent the region in the state Senate and Assembly.
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Democrat state Sen. Klein turns back Republican Fasolino in 34th District
Incumbent Democratic state Sen. Jeffrey Klein easily defeated Republican Daniel Fasolino, a real estate broker, in the 34th District.
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Back to Wild for Owl Found at N.Y. Animal Hospital
An injured owl found on a Westchester County animal hospital's doorstep has recovered and is apparently making its way in the wild.
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Back to wild for owl found at N.Y. animal hospital
An injured owl found on a Westchester County animal hospital's doorstep has recovered and is apparently making its way in the wild.
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Doody Doherty needed on board
This November the residents of Bronxville, Eastchester and Tuckahoe deserve a fresh new voice on the Town Board.
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Maxwell Institute elects new members
The Advisory Board of the Maxwell Institute of St. Vincent's Hospital Westchester recently elected six new members: Mary Ann Giordano, Marci Tiggs, Kathryn Hicks, Kathy Gray, Michele Bond and Bronxville Chief ...
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3 libraries to feature music, literature events
The Community Fund is presenting the second of four music and literature programs.
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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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