Annville, 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
| Annville, Pennsylvania News |
Police: Woman Tied Up By Burglar
A Lebanon County woman told state police a burglar tied her up in her home. State police at Jonestown said the woman told police the man was in her home in North Annville when she arrived there just after ...
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Valley harbors healthier thoughts
Linda Williams-Baird has a simple food philosophy: "If we eat healthy, we start eliminating problems." And apparently, Williams-Baird, co-owner of Annville Natural Market, is not the only one harboring these ...
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DA miffed as judge lets Diamond walk
A Lebanon County judge yesterday resentenced a man to the same state-prison sentence he received two years ago after the man fired a shotgun toward two troopers during a police standoff in 2005.
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N.C. firm selected for Annville redevelopment
A North Carolina-based developer has been chosen to carry out Annville Township's downtown redevelopment plan.
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High school bands take center stage
It isn't rock 'n' roll, but family and fans still follow the tour buses wherever they go.
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Local sawmill on cutting edge
Raising his voice to be heard above the din of machinery, Matt Weaber describes to a Lebanon Valley Chamber of Commerce tour group yesterday how Weaber Inc.
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Flour mill to open for tours
This aerial view shows the Annville Flouring Mill, also known as Brandt Mill, 545 W. Queen St.
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Families, lucky charms mark sendoff for Carlisle armory
Sgt. Marc Scott is about to turn a new page in his lucky book. " - Starship Troopers' has been with me since I started in the military," the New Oxford man said Friday.
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GSB card could pay off for A-C
Annville-Cleona High School students might soon be able to use their student-identification cards to buy things like pizza and gas, and a percentage of their purchase would be donated back to the school.
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Police blotter
ACCIDENT: Vehicles driven by Thomas Sherwood, 92, of 979 Lilac Lane and Crissy Matlick, 36, of 12 Clark Road, Annville, collided at Lincoln Avenue and Chestnut Street at 4:03 p.m. Sept.
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a Grateful Community
"One is too much," Patriot Guard Rider Mike "Stump" Geib said at the funeral Monday for Pvt.
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Price tag to fix North Annville school's water problem: $20,950
It will cost about $21,000 to solve the water problem at North Annville Elementary School, district Superintendent Marsha Zehner announced at last week's school-board work session.
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Lebanon Valley: Learn about Coptic Christians
Annville's Coptic Orthodox Christian congregation will celebrate the Feast of the Cross 5:30 p.m. Sept.
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Pines soldier killed in Afghanistan
SALISBURY -- While on foot patrol in the Kunar Province of Afghanistan, Pvt. Michael R. Dinterman, 18, was killed by enemy fire Sept.
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Money's tight, but price is right at area free libraries
Lawton Crentsil of Lebanon uses a computer at the Lebanon Community Library to check the online catalog for the availability of an item he d like to borrow.
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Annville Township to buy former pizzeria
The Annville Township commissioners recently approved the purchase of the former Salvatore Pizza shop on the northeast corner of routes 422 and 934.
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Hanna douses Valley; damage, flooding limited
With the exception of a few downed trees and some minor flooding, Tropical Storm Hanna left the Lebanon Valley relatively unscathed as she passed through yesterday.
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Concert to help victims who lost home to fire
Friends of a family that lost its home and nearly all of its possessions in a deadly fire in Lebanon this week have organized a concert to benefit the family.
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Local Guards Help Gustav Victims
Members of the Pennsylvania National Guard's 28th Combat Aviation Brigade - deployed to Louisiana in the wake of Hurricane Gustav - has begun to evacuate flood victims in need of medical attention.
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Annville adds former pizza plot to economic zone
A prime corner property is being added to the downtown economic development area that Annville Twp.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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