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Andreas, 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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Andreas, Pennsylvania News
Students salute classmate's sacrifice Pen Argyl High School Honors Alumnus Killed in Afghanistan

Sometimes the shy kids who like computers and know how to crack good jokes are the ones who become heroes.


Free Clothing Bank Offers Help for Families

It's no secret many people around here are having a tough time making ends meet these days.


West Penn sewer plan: To each their own

Faced with the exorbitant cost of building a sewage treatment plant and the infrastructure to connect to its far-flung areas, geographically large West Penn Township may instead build on-lot community systems ...


Golden Gloves: Rebuilt club is full of talent

"It was despicable what those punks did"

The South Park Boxing Club got knocked down with the heaviest of blows, but resiliently gathered itself, got to one knee, took a deep breath and then rose to both feet. via Pittsburgh Post-Gazette


Andreas Fire Company, West Penn settle

Andreas Fire Company, two of its officers and its relief association will get $150,000 to settle a federal lawsuit they filed against West Penn Township in a dispute over accounting, funding and the company's ... via The Morning Call


Woman accused of stealing debit card

A 22-year-old woman was arrested Tuesday on charges she stole another woman's debit card and swiped it to buy a 30-cent pack of gum. via Express-Times


Find Your Family Heritage

"Elli Armbrust and her son, Andreas, spoke England-accented English. We corresponded for several years before I met them and more Armbrust cousins in an area north of Hamburg in 1994"

Sandy Brummund, of Omaha, started doing research on her family in 1983. Soon, she had added dozens of names to her Christmas card list. via WGAL-TV Lancaster


German settlers' chant welcomes new year

"Ich winsche dir un deinie Hausfraa. Sohnie un Techder, Gnecht un Mechder. Un alle die in diesem haus, ein Glickseeliches Neies Yaahr"

Reading Eagle: Richard J. Patrick Peter V. Fritsch, left, plays dulcimer during the "Nei Yaahr Winsching" ceremony with Luke Hertzog on guitar and Mike Hertzog on banjo in St. via Reading Eagle/Reading Times


Swiss chocolate maker opens factory in China

"Only with this Chinese production we are a truly global company"

In a cavernous white building filled with huge bubbling vats, clattering conveyor belts and the luscious aroma of melted chocolate, a Swiss tradition is being transplanted, cocoa butter block by cocoa butter ... via York Dispatch


Man arrested for city's first homicide in '08

An adult male has been arrested in connection with yesterday's murder of a man in Southwest Philadelphia. via The Philadelphia Inquirer


Wine Trail Nouveau Weekend previews best-ever vintage

Although wine enthusiasts around the world are focused on celebrating Beaujolais Nouveau 2007 Thursday, Lehigh Valley Wine Trail fans will have something more to celebrate this Saturday and Sunday.

It's Nouveau Weekend at the trail's nine wineries -- and also when wine lovers will get their first tastes of what could be the Valley's best ever vintage.

Those first sips of the first wines made from 2007 grapes are like ''a movie trailer. They're a preview or snapshot of what's to come,'' says Sarah Troxell of Galen Glen Winery, Andreas. Read more


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