Atlantic Beach, 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
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| Atlantic Beach, New York News |
US rabbi spearheads care package campaign
Troops won't have to dry their underwear on tank carriers thanks to a New York rabbi who raised more than $100,000 in two days to buy care packages for soldiers involved in Israel's offensive against Gaza militants. Samuel Klibanoff, the rabbi of Long Island's Jewish Center of Atlantic Beach, collected the money from congregants and Jews in other communities in New York and New Jersey. He donated the cash to the Israel-based Yad Eliezer food relief organization, which organized 5,000 packages for the troops.
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Times Square's year-end ball ready
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Fest aims to take sting out of Hanukkah party crash
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Floor mats have been cited in other car accidents
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N.Y. driver won't face charges for crashing car into Hanukkah party
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SUV crashes into building holding Hanukkah party on Long Island; 14 people hurt
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Whitney Thompson now called 'influential'
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Here comes 'Santa Duck' . . .
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Hempstead Town to improve tide gauge system
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Has Atlantic Beach reached the bottom yet?
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Kirk Reber had a lot of artistic training for his work in designing and restoring stained-glass windows.
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Outside aid exits Atlantic Beach
Uncertainty reigned Wednesday in the narrow halls of the Atlantic Beach governmental offices, as the cash-strapped town began its second major leadership change in six months.
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Atlantic Beach
The Atlantic Beach Town Council will meet at 6 p.m. Tuesday in the Atlantic Beach Community Center, 1010 32nd Ave.
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Atlantic Beach officials say town continues to operate
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Man who posed as hoops player charged in scheme
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AB steps forward on loan, land sale
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Culhane's offers authentic Irish music
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Allen's Acres developer makes another pitch
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D'Amato pulls plan to build condos in Atlantic Beach
Former U.S. Sen. Alfonse D'Amato, faced with community opposition and the probability of having to drastically alter development plans, has withdrawn his application to build 100 luxury condos on the site of ...
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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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