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Aspers, 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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Aspers, Pennsylvania News
A new apple, by accident

Ron Lingenfelter, right, discusses his new apple, hanging on the tree, with Raab Fruit Farm's Jeff Holtzinger.


Police: Adams man kicks pregnant woman in stomach

A 24-year-old Adams County man was charged after he allegedly kicked a pregnant woman in the stomach twice Saturday afternoon.


Aspers man sentenced for prescription fraud

An Aspers man will spend three years under Adams County's supervision for his part in illegally trying to obtain a prescription drug.


Adams County man fixes up old farmhouse

Kenneth Johnson spent about three years renovating his Aspers farmhouse, shown here nearly completed .


Aspers man faces Hodgkins Disease and mounting bills

Hodgkins Disease is a cancer of the lymphatic system that attacks the body's ability to fight infection.


State proposal requires a license to massage

Leta Derasse, a registered nurse from Silver Run, Md., gives a massage to fellow student Terry Starner, a licensed practitioner nurse from Aspers.


Speedweek gets off to halting start

It was a rough night at Lincoln Speedway in more ways than one. Last Saturday's Ninth Annual Kevin Gobrecht Memorial, the opening round of Cindy Rowe Pennsylvania Sprint Speedweek, got the series off to a ...


Public record for Sunday, June 29, 2008

JUNE 24: 8:45 p.m. A male juvenile was charged with unauthorized use of an automobile and driving without a license after he took his parents' vehicle without permission from the 100 block of Cranberry Road, ...


Local Authors: Rocks have stories to tell

Oh, summer. You bring re-enactments and history enthusiasts to the Gettysburg/Hanover area each year.


Sprint racing: Cannon pulls away in 358 event

With his 358 sprint victory on Saturday night at Selinsgrove Speedway, Pat Cannon showed fans in northern Pennsylvania that he is superb on large dirt speedways.


Sisters take in children of York City homicide victim

Twelve-year-old Gladys Mendez burst into tears and buried her face in her hands while recounting the brutal attack that left her mother, Sally Estrada, dead at their York City home Saturday.


Motorycle hits car, injures rider

A Gettysburg man was injured when his motorcycle crashed into the back of a vehicle Saturday afternoon.


Disaster Drill at Sashs

Company 53 participated in a multi-agency, mass casualty disaster drill this morning at Shippensburg Area Senior High School.


Judges orders driver pay more than $100,000 in restitution

"Your actions, quite frankly, have ruined the life of another family"

An Aspers man must pay more than $100,000 in restitution to several people and companies after an Adams County judge sentenced him in multiple cases Tuesday. via Evening Sun


New Oxford woman faces sexual-assault charges

A New Oxford woman charged with having sex with a minor will have her day in court. via Evening Sun


Meet the Breeds: Dog show set in Harrisburg

"It's amazing to see their country of origin"

Suzanne Benchoff, of Arendtsville, is shown with Bob, a national winner of the Collie Club of America Show in North Carolina. via Evening Sun


Public record for Saturday, March 29, 2008

Mr. and Mrs. Donald Johnson , Hanover, a son, March 22, 2008, at Hanover Hospital. via Evening Sun


Adams re-establishes housing committee

Adams County's commissioners appointed eight people - including a former commissioner - to a restarted housing committee Wednesday. via Evening Sun


Public record for Saturday, March 1, 2008

Mr. and Mrs. Joshua Stonesfier , Spring Grove, a son, Feb. 25, 2008. Landon McCleaf and Lindsey Harman, Aspers, a son, Feb. via Evening Sun


Aspers fire company honored for rescue

"It's our way of showing support to our brothers and sisters who died"

Lewis Alexander, president of Aspers Fire/EMS Co., shows a commendation from Gov. via Evening Sun


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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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