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Ashfield, 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.

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Ashfield, Pennsylvania News
In Your Town Lehighton area

PANTHER VALLEY MIDDLE SCHOOL, Route 209, Lansford, will offer a parents workshop on Internet safety 7-8 p.m. today. via The Morning Call

Carbon County to shift polling places

Voters in four Carbon County townships will cast ballots for a new president in November in new polling places.

The county is restructuring precincts in East Penn, Lower Towamensing and Penn Forest townships and the south side of Towamensing township because the number of voters has grown.

On Thursday, county commissioners accepted the offers of organizations and officials in each municipality to provide polling places.

In East Penn, residents of both proposed precincts, Districts 7 and 8, will vote at the township Social Hall on Blue Mountain Road in Ashfield . Read more

In Your Town Lehighton area

WINTER WALK AT KETTLE CREEK will be held 1-3 p.m. today, Jan. 16 and 24 at Monroe County Environmental Education Center, Running Valley Road, Hamilton Township. via The Morning Call

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