Abington, 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
| Abington, Pennsylvania News |
Township transfers funds for fuel costs
A roughly 40 percent spike in fuel costs since last year's budget lead the Abington Public Works Committee to approve the transfer of some funds Tuesday.
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Former vending machine worker admits to break-in
A former vending machine company worker has admitted to taking part in the break-in of a vending machine at Holy Redeemer Hospital in Abington to obtain cash.
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this Morning
School board sets price for Whittier SCRANTON - The most the Scranton School District will pay for its rebuilding of Whittier Elementary School is $14.5 million, a price the board authorized at a special ...
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Judge urges bank robbers' term be upheld
A judge has urged a state court to uphold the lengthy state prison sentence imposed against a Pottstown man who admitted to a bank robbery spree in the Pottstown and Norristown areas.
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Penn State: Nittany Lion Lacrosse Recruiting Class Ranked Among Nation's Top Five
STATE COLLEGE, Pa.; August 28, 2008 - The Penn State Nittany Lion lacrosse team has received lofty national recognition for what is considered one of the nation's top recruiting classes.
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Abington board approves overlay district
Continuing a July 16 public hearing, the Abington Board of Commissioners unanimously approved an ordinance Aug.
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CLIPBOARD
Abingtons Picnic postponed: The Picnic in the Park scheduled for Saturday at Abington Area Community Park has been postponed.
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Groundbreaking medicine
SCRANTON Members of the community gathered at Pine Street Tuesday, August 19, for a presentation and groundbreaking at the future site of The Commonwealth Medical College , the new medical school in Scranton.
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Message on sign prompts protest
Abington residents protested a vague message on an electronic sign in the 800 block of Old York Road Aug.
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Tara L. Riedley
Tara L. Riedley, age 30, of Solebury, passed away unexpectedly Aug. 13, 2008, while vacationing with her family in Cancun, Mexico.
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Coming up: McCain surrogate to speak in South Abington
A surrogate of the presumptive Republican presidential nominee will visit Northeast Pennsylvania tonight to stump for Arizona Sen.
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Does DeWeese matter here? How?
There's a part of the story that is not taken up in the piece on Guy Ciarrocchi's and Paul Drucker's campaigns that appears elsewhere in this paper today.
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Drive-thru flu clinics increase
The county this year has boosted the number of drive-through sites from the four held last year to the six that are scheduled this year, all in October.
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2008 election ramps up
Those looking to support the presumptive Democratic candidate for president now have headquarters in Abington.
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Schwartz holds huge fundraising lead in 13th
Incumbent Democrat Allyson Schwartz has raised $2.4 million. Her opponent has raised less than $100,000 and has loaned her campaign $300,000. Faced with a seemingly insurmountable fundraising disadvantage, ...
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5 indicted for ID thefts at Valley Forge park
The U.S. Attorney's Office announced the indictment of five alleged identity thieves targeting visitors to Valley Forge Historical National Park.
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"Save A Life" success story
The annual program to distribute smoke detectors kicked off today. ABINGTON, PA.
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Pool closed as precautionary measure, reopened after chlorination, testing
Abington Township's Penbryn Park swimming pool in Glenside was closed as a precautionary measure July 25 through 28, director of parks and recreation Douglas Wendell said Tuesday.
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Shapiro calls for DeWeese to quit in bonus scandal
Rep. Josh Shapiro, a rising figure in the state Capitol, yesterday called on Majority Leader Bill DeWeese to resign his leadership post, insisting that the top House Democrat "will always be a symbol of a ...
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Police report for August 1
Man charged after attempting to flee police: Correy L. Llewellyn, 19, of the 7400 block of Andrews Avenue, has been charged with fleeing and eluding police, resisting arrest, possession of marijuana, recklessly ...
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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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