Allensville, 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.
Return to divorce buyout in the state of PA
| Allensville, Pennsylvania News |
Responding to destruction
The swath of destruction stretched for almost 300 yards along the banks of the Juniata River at Lewistown.
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Barbara K. Yoder
Barbara K. Yoder, 93, of 61 Mill Road, Allensville, died at 8 a.m. on Monday, Sept.
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Academic accolades
Students at Mifflin-Juniata Career and Technology Center are well prepared for the work force, according to results from the National Occupational Competency Testing Institute.
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Eichelberger speaks at town hall me.....
Local residents gathered to voice concerns to state Sen. John Eichelberger, R-Duncansville, Monday evening at Mifflin County's town hall meeting at Allensville Community Hall in Allensville.
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Ready, aim, fire
Tyler Skipper, 11, of Belleville, shoots a crossbow Friday at the crossbow hunt at the Allensville Fireman's Festival.
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Bridge over Kishacoquillas Creek to.....
' Derry Township received plans Monday for the replacement of the Kishacoquillas Creek bridge along Kish Pike near the Allensville Planing Mill.
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Lomie A. Peachey
Lomie A. Peachey, 82, of 2438 state Route 655, Belleville, died at 11:15 a.m. Monday, April 21, 2008, at her residence. via The Sentinel
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911 outages reported
"At this time, we believe that the problem is limited to Embarq landline customers" The Mifflin County Office of Public Safety said Monday residents in Allensville, Big Valley, Milroy and Reedsville are under a 911 service outage. via Lewistown Sentinel
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Neighbor With Fire Extinguisher Helps Save Amish School
Quick action by a neighbor kept a fire from destroying an Amish school house in Mifflin County. via WGAL
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School catches fire: Belleville man comes to rescue after seeing the flames from his farm home
"It looks like it was contained to the wall beside the chimney" Thanks to Sam Swarey, a fire that broke out late Monday morning in the White Hall Amish School was contained until emergency personnel arrived. via The Sentinel
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Union may be tapped for closure: Declining Brown enrollment may force ...
"I didn't think the issue was dead, but I was surprised it was brought up that soon" It is deja vu for parents of Union Elementary pupils, as a suggestion to close the school has come up as a result of district budget talks, members of an advocacy group said Sunday. via Lewistown Sentinel
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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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