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Alpine, NJ Divorce Buyout in New Jersey
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 Jersey, 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 NJ
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(800) 675-9783
| Alpine, New Jersey News |
History comes alive at old tavern
ALPINE a ' The taverna TMs visitors nodded in rhythm as a musician sang 19th-century songs, drinking hot cider and savoring bread and cheese.
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Blaze Destroys Boy Scout Cabin
A wood cabin burned to the ground Sunday morning at Camp Alpine, hours after a Boy Scout troop vacated the building.
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Local Landscape Artist Wins Four NESPA Awards
Having met the new Assistant General Manager at a Courtyard by Marriott function in Paramus, I was prepared for his quick humor, pleasant smile and affability.
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N.J. grocery exec sentenced for tax evasion
A wholesale food distributor from Alpine has been sentenced to six months in prison for tax evasion.
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Charles Donald Platner
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Blind rabbi challenges pro-Israel incumbent for Congress
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The New York Post reports Brookland Media filed a $2.5 lawsuit against Lil Kim on Tuesday .
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Lil' Kim Sued and Silenced
Lil' Kim has a big problem on her hands. A New York judge has temporarily barred the Hardcore rapper from recording any new material in light of a breach-of-contract lawsuit filed by her latest label, Brookland ...
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Every suburb within short range of the 15 largest metros was evaluated based on factors ranging from the quality of schools and the size and price of houses to the safety of the neighborhood and the education ...
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New Jersey State Golf Association Ready For Busy Week
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The Climb: Tourmalet, the Unavoidable
Rode alone on Saturday, across the George Washington Bridge and up, in pouring rain, what local cyclists call River Road, which includes a 1.5 mile climb up a 7% grade hill near Alpine, N.J. Rode with a former ...
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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