Atglen, 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.
Return to divorce buyout in the state of PA
| Atglen, Pennsylvania News |
Thorns to arson
Robert Bruce Tribbett Jr., 24, of Sadsburyville, was arrested last Friday for his alleged connection to several of 11 arsons under investigation by state police.
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Teens sentenced for car thefts
Two 19-year-old men have been sentenced to prison for a series of car thefts in February.
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Work on $4.4M Pequea bridge to begin Sept. 2
After carrying boaters, fishermen, hikers and residents for 96 years, Pequea's landmark steel bridge soon will be removed and replaced.
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60 is a charm for Gap Relief Auction
Leon Summers remembers the summer of 1948 well. It was the first year the Gap Relief Auction was held.
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Enola line: Now what?
Now that six Lancaster County townships own the sections of the Enola Low-Grade Line within their borders, officials hope to work together as they plan the property's future.
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Fires hit in Christiana, East Hempfield
Fire swept through a two-story rented house in Christiana Borough on Monday afternoon, officials said.
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Marking History
Many of these stories have been preserved on more than 60 historical markers dotting the county landscape.
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Marking History
Many of these stories have been preserved on more than 60 historical markers dotting the county landscape.
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Night work restricts I-81 traffic
Motorists can expect traffic restrictions at night this week on Interstate 81 at the northern and southern ends of Franklin County.
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Earning their stripes
Joan Marczesky salutes the crowd during the street rod parade Friday on Carlisle Avenue in York.
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Local Marine Killed In Iraq Honored
A U.S. Marine from the Susquehanna Valley who was killed in Iraq was remembered today as part of a Memorial Day program at his alma mater.
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Enola line sale nears
"After everything we've been through, it would seem odd to just let it pass without any acknowledgment." LANCASTER, Pa. - It's been 19 years since Conrail first moved to abandon the train tracks that stretch across southern Lancaster County. via Brotherhood of Locomotive Engineers a...
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Mason Dixon Road bridge closed for summer
The bridge that carries the Mason Dixon Road over Interstate 81 at State Line was closed today for repairs. via Chambersburg Public Opinion
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Man dies cutting RR wire
"It appears likely the cause of death will be electrocution and the manner of death will be accidental" A man apparently was electrocuted in Eden Township Monday afternoon while trying to cut copper wires from an active high-voltage line. via LancasterOnline
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Plea deal made in fatal stabbing
"Given the history of the case, it's also good for the family to have closure." The fourth murder trial of a Chester County man accused of fatally stabbing a rival gang member was preempted yesterday by a plea deal, ending a four-year prosecution. via Philly.com
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Marshalls Creek bypass: 'Now they're screwed'
"The damage is done, you've committed to the damage, now finish the job" MARSHALLS CREEK — You can't stop progress. That is, unless you're PennDOT. Rising construction costs, lack of money, and a state full of rickety bridges were reasons given this week for putting the ... via Pocono Record
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Ongoing roadwork in Stroudsburg
PennDOT has announced work to upgrade traffic signals and improve the streetscape on PA 611 in the Borough of Stroudsburg, Monroe County . via The Morning Call
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Philly's I-95 Crisis Underlines Infrastructure Funding Need
"This incident clearly demonstrates that we need a greater investment in our infrastructure - here in Pennsylvania and across the nation." A length of major northeastern artery Interstate 95 was shut down on March 17 after a crack some 6 ft. via Construction Equipment Guide
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Column that crippled I-95 will be replaced
The Pennsylvania Department of Transportation yesterday announced that it would replace the damaged steel-reinforced-concrete column beneath I-95 in Port Richmond that last week crippled the freeway. via Philly.com
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Building site copper targeted by thieves
Thieves grabbed more than $6,000 worth of copper wire supplies and other construction-related items last week from businesses and construction sites in the Cocalico area, police report. via LancasterOnline
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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