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Analomink, 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.

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Analomink, Pennsylvania News
Commuter rail plans presented in Stroudsburg

Stroudsburg will host one of two public hearings this month on an environmental review for a proposed $551 million passenger rail restoration project between Pennsylvania and New Jersey.


Trash hauler will be fined by authority

Tuesday's videotape of waste hauler RHS illegally contaminating recyclables wasn't the first time the hauler has been caught illegally disposing the materials.


Graffiti vandals cross the line

EAST STROUDSBURG &#8212 It looks as if Pocono graffiti vandals don't follow the etiquette of their urban counterparts.


Police Bust Graffiti Vandals

Police in the Poconos say they've busted the people responsible for a graffiti spree.


Man with suspended license leads cops on high-speed chase

A 42-year-old man whose license is already suspended for drunken driving was arrested on the same charge Wednesday night in Plainfield Township after he led officers on a high-speed chase and tried to hide to ... via Pennlive.com


Plainfield Township Man Accused Of Driving Drunk In Chase, Police Say

A Monroe County man was charged with drunken driving and related offenses after allegedly pulling in front of a police cruiser and leading police on a high-speed chase. via The Morning Call


Write to Know: Brush teeth with 'excellent' stain remover

Q: With all the different kinds of whitening toothpastes on the market, which one is the best? D.D. Effort A: According to Consumer Reports magazine, Ultrabrite All In One Advanced Whitening is the only ... via Pocono Record


1904: Monroe native stationed in Fort Wingate

"Excitement was high for a time"

According to the Stroudsburg Times, Mrs. C.W. Detrick of Analomink was ill. Although the newspaper did not report what was ailing Mrs. via Pocono Record


Alleged domestic violence in S-burg leads to high-speed chase, crash, host of charges

"This could have been a lot worse"

First he tangled with his ex-girlfriend and her father, then managed to avoid being shot by her mother, and then managed to avoid seriously injuring himself or anyone else while being chased by police along ... via Pocono Record


Suspect arrested after high-speed police chase -

A man violated a protection-from-abuse order by entering a Stroudsburg home where a gun was fired, fled and then led police on a high-speed car chase through four municipalities before crashing his vehicle, ... via Pocono Record


New Year's bash of a decade ... or 4

"It's the wow factor when they walk in"

Ernie Camlet has his New Year's Eve planned to the minute. As the entertainment director for Penn Hills Resort, he needs to have everything timed, with no deviations from the schedule. via Pocono Record


Where Every Day Is New Year's Eve

"It's like Disneyland for the adults"

NEW Year's Eve is a big night at Caesars Pocono Palace in Marshalls Creek, Pa. Women in gowns and cocktail dresses and men in jackets and ties glide through the lobby, which is made up like a winter wonderland ... via The New York Times


Armed robber gets $700 from victims in East Stroudsburg on Saturday -

The Stroud Area Regional Police Department is investigating an armed robbery that occurred at approximately 12:45 a.m. on Saturday in the area of Hallet Street, East Stroudsburg. via Pocono Record


Cake shop owner says serendipity led to frosting-topped fulfillment

"I hope we don't hit a bump in the road"

When it comes to specialty cakes made to order, Dawn Cook delivers. Literally speaking. via Pocono Record


Artist Robert Cooke transforms old schoolhouse into a residence, art studio and gallery

"An art practice is a spiritual practice"

Robert Cooke has turned a piece of Pocono history into a work of art. Cooke is a retired professor emeritus from Rutgers University who moved to the Poconos four years ago to convert an old school into a ... via Pocono Record


Fire House Tagged by Vandals

The Stroud Township Fire house in Analomink was one of the targets. This is the second time in three months someone tagged their building. via PAHomepage.com


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