Aaronsburg, PA Divorce Buyout in Pennsylvania
Since 1979 Somerset Mortgage Lenders 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.
Return to divorce buyout in the state of PA
| Aaronsburg, Pennsylvania News |
Steady hooves win showings
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Amish raising barn at museum
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Penns Valley names nine valedictorians
Penns Valley senior Nathan Brown, one of nine valedictorians, addresses the crowd while the others look on Friday during commencement.
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A.M.BRIEFING
Police are investigating a burglary Friday that resulted in a loss of an estimated $5,115 worth of money and musical equipment.
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More letters from students
Dear Soldier, I am a 8 year old boy who goes to Penns Valley Elementary School. I am very grateful that you and many other soldiers are risking your lives to serve our country. via Centre Daily Times
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Bonded by brotherhood
"Nothing they do surprises me anymore" Since Karl Leitzel's brothers joined him in pursuing art on a more serious level, the tone of their Friday family dinners changed. There's a lot less criticism these days, he said. The three brothers recently decided to have a joint art show, a first for the trio. They hung their pieces in Millheim's Elk Creek CafA© and Aleworks, where they will be displayed until May 4. A 'Meet the Artists' event will take place Sunday. None of the brothers received formal art training, but artistic expression was part of life growing up in Aaronsburg. Both of the boys' parents were talented at drawing and painting, and Tina, the wife of middle brother, Warren, remembers him as 'the artistic one' in high school. Read more
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Storm cuts power, causes crashes
A storm that brought up to 3 inches of snow and sleet to the county also resulted in some slick roads, leading to a crash that knocked out power Friday evening to 150 residences of western Ferguson Township. No one was injured when a driver lost control of a vehicle on an icy state Route 45, between Tadpole Road and Deibler Road, west of Pine Grove Mills. The vehicle struck a utility pole, bringing the pole and wires down across the roadway and knocking out power to about 150 households. Read more
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Centre Roundup: Monday
First-through sixth-graders living or attending school in Centre County can enter a book of their own creation in the Centre County Library system's 23rd annual Write and Illustrate Your Own Book Contest at any ... via Centre Daily Times
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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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