Archbald, 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
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CLIPBOARD
Abington Heights School District Homecoming dance: Abington Heights High School homecoming dance will be Saturday, 8 to 11 p.m. Tickets are $15. Dance is open only to Abington Heights High School students, ...
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4 Short films set for 11/1 premiere at EMT
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this Morning
Judge: Pot-growing case can go forward SCRANTON - A Lackawanna County judge has ruled the case against an Archbald man accused of growing marijuana in his home can go forward.
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this Morning
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the trip May be easier now, but Devotion Is the Same
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CLIPBOARD
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Around the towns
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Largest contingent of Pennsylvania National Guard deploying to Afghanistan next year
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City man arrested for prowling
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CLIPBOARD
Abingtons Memorial service: Abington Memorial VFW Post 7069 of Clarks Summit, in conjunction with the Waverly Community House, will conduct a memorial service Sept.
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Around the towns
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Local Films
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Giant yard sale this weekend in Eynon, Sturges
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CLIPBOARD
Archbald Clock ceremony: The Lions Club will formally dedicate a street clock to the borough on Sunday at 1 p.m. at the Wayne Street Bridge.
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Around the towns
Archbald Coal Cracker Cruisers car club members will rev up on the parking lot and dance floor at Tomaino's Lounge later this month.
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Boroughs ponder garbage deal
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Joint services save tax money
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Defendants sentenced in Lackawanna County
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Guardsmen Receive Purple Heart Medals
Three injured National Guardsmen from our area received their Purple Heart medals Thursday in Washington D.C. Staff Sergeant Michael Kacer, left, Staff Sergeant Earl Granville, center, and Master Sergeant ...
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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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