Allenport, PA Divorce Buyout in Pennsylvania
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 Pennsylvania, 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.
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| Allenport, Pennsylvania News |
Two facing charges after traffic stop in North Strabane Township
After running from police during a traffic stop, a West Brownsville man reportedly thanked the officer for arresting him because he needed help defeating his heroin addiction.
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Fisher's memories spark many more
Raymond S. "Ray" Fisher lives in Charleroi, but he has many fond memories of growing up in Lock Four.
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Finding work tough assignment in bleak climate
Kelly Hall has been through this before. In 2005, she lost her job as a baggage call center representative at Pittsburgh International Airport when US Airways outsourced her job.
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Allenport man facing charges
An Allenport man has been charged with unlawful restraint, recklessly endangering another person, disorderly conduct, harassment and public drunkenness as a result of a series of incidents Sept.
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Neighborhood watch being planned
The concept is a noble idea that appears to make sense for small, close-knit communities - neighbors looking out for each other.
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The Russians are coming
Mum's the word Russia's TMK has been mum about its plans for the former IPSCO mills in Ambridge and Koppel.
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Former authority manager ordered to repay
The former office manager of the Washington Township Municipal Authority in Fayette County has been ordered by the State Ethics Commission to repay nearly $6,000 to the authority for receiving unauthorized ...
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Burglary suspect arrested
A Donora man is in jail for allegedly breaking into two homes in Stockdale and Allenport early Tuesday.
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Fallowfield should opt for regional force
Fallowfield Township is at a crossroads with its police department, and hopefully, it will follow a path to regional coverage.
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Fallowfield should opt for regional force
Fallowfield Township is at a crossroads with its police department, and hopefully, it will follow a path to regional coverage.
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Five-Town sets crime watch
The people of the Five-Town area have a message for anyone considering breaking the law in the communities of Roscoe, Elco, Stockdale, Allenport and Dunlevy.
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Tap-in fee assistance available
The township municipal authority board Tuesday authorized borrowing up to $4 million to help customers reduce tap-in fees linked to the construction of a storm water and waste water system.
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Esmark to decide stance on Severstal
Esmark Inc.'s top executive said the parent firm of Wheeling-Pittsburgh Corp. promised to decide by Friday whether to accept a Russian company's unsolicited bid to buy the domestic steelmaker.
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Roscoe considers crime watch
Criminals beware: Residents of this quiet, little town are watching. About 40 Roscoe residents attended a town meeting Tuesday at the borough building, where they all signed petitions to establish community ...
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Fraud investigator says $100,000 in overtime improper
A highly critical audit alleges the Washington Township Municipal Authority's haphazard oversight opened the way for two employees to misappropriate thousands of dollars in cash paid by customers and to pay ...
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Severstal bids $688 million for parent of Wheeling-Pitt
Russia's largest steelmaker today entered the battle to acquire Esmark Inc., the parent firm of Wheeling-Pittsburgh Steel, with a $688 million bid that essentially matches an earlier offer from Essar Steel ...
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Valley's economy bouncing back
The Mid-Mon Valley, as everyone knows, was left reeling by the demise of the domestic steel industry. via Http
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Daley posts big win
"I believe every election in which you have an opponent, you take seriously." After 26 years in the state House, Pete Daley takes nothing for granted, especially elections. via Http
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Don't waste time in filling Allenport plant
With the Cold War relegated to history -...at least we hope; with Vladimir Putin, who knows? - Valley residents should rally around a once-terrible cry: The Russians are coming. via Http
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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