Avenel, 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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| Avenel, New Jersey News |
Guilty plea in sexual assault
A Millville man accused of sexually and physically assaulting a 14-year-old Millville girl in 2006 entered a guilty plea Monday morning.
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Woodbridge police chase van containing 55 stolen cases of energy drink
Two New Jersey men face charges after police say they stole 55 cases of Red Bull from a delivery van and led officers on a chase through two neighboring cities.
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Laptop, Xbox missing after burglary in Woodbridge
WOODBRIDGE Electronics with a total value of about $1,600 were reported missing after a burglary at an Avenel residence on Dec.
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Fireplace flames spread into walls, damage Woodbridge home
An Avenel home was damaged Sunday afternoon when the flames from a fireplace spread into the walls of the structure, fire officials said.
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Man robbed at gunpoint by four men in Woodbridge
An Avenel resident was robbed at gunpoint by four men who confronted him while he was walking home from a bus stop Tuesday night, police said.
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Woodbridge to add more than 1,200 new housing units
WOODBRIDGE - Over the next decade, new housing for artists, senior citizens and low-income families are planned in the township to meet state affordable-housing requirements.
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Holiday crime just doesn't pay
WOODBRIDGE - Even if the holiday shopping season proves to be more quiet than usual, township police are prepared for shoplifters and other mischiefmakers with an increased presence at several key locations.
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Hearing ordered on claim of lying in sex assault case
As a Beachwood man was scheduled to be sentenced Thursday for sexually assaulting two teenage girls, a judge instead ordered a hearing on his claims that he lied when he pleaded guilty and that he didn't ...
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Road racing shouldn't discriminate
With the calendar about to turn over into a new year, many area athletes will be joining the realm of the masters runners age 40 and older.
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Woodbridge bolsters police by adding eight new faces
Eight new police recruits were sworn in at a ceremony in town hall Friday. The new officers, seven men and one woman, are provisional hires that will join the Woodbridge Township Police Department once they ...
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Jury indicts sex offender in attack of child in A.C.
A convicted sex offender living in Atlantic City was indicted Wednesday in an assault on a 6-year-old boy.
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Parole officer from Woodbridge pleads guilty to photographing nude girl
A suspended state parole officer has pleaded guilty to endangering the welfare of a child for taking a nude photograph of a girl.
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Woodbridge police increase presence on Black Friday
As swarms of shoppers flood the mall on Black Friday, township police have ramped up their presence to ensure safety and deter crime.
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Author to sign copies of Melanie McGuire book
In the middle of an account of a gruesome murder, a love story breaks out. Chances are you know about the murder.
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Benefit dinner keeps Woodbridge girl's memory alive
Twelve-year-old Ashlyn Ferriero was swept into the path of an oncoming NJ Transit train at Avenel Station on June 19, 2007.
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Veterans Day Visit
Veterans Day Visit a ' This spring, children at the Woodbridge Child Care Center in Avenel collected school supplies for children in Afghanistan.
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Team Spaghetti to the rescue
It began with the simple understanding there are families in Metuchen in need. One of their neighbors, Lori DeCoite, decided to do something.
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Mom of slain N.J. girl fights to keep killer jailed
Rosemarie D'Alessandro wants the New Jersey Parole Board to know something about her 7-year-old daughter before it decides whether to release the man who raped and killed her little girl.
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Perth Amboy students offer a special 'thanks' to veterans in music, poetry
Usually when he practices a song, Perth Amboy High School senior Kelvin Gomez said he concentrates on the lyrics and music.
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Veterans Day events scheduled
EDISON Services marking Veterans Day have been scheduled at various veterans monuments in Edison on Tuesday, Nov.
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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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