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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Bally, 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
| Bally, Pennsylvania News |
Book of sermons offers inspiration
James C. Longacre believed his sermons inspired his congregants enough for them to change their lives and influence the lives of others.
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Program to make seniors aware of fraud, scams
Two legislators are holding a special program to alert Berks and Lehigh County seniors of the dangers of ID theft and fraud.
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Birdsboro man arrested after fleeing from police
A Birdsboro man fled through Hereford Township and Bally Borough before crashing in Washington Township while trying to escape police after a traffic stop Friday morning.
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Man Shocked After Fleeing from Police
The State Police zapped a man with a stun gun after a traffic stop turned into a police chase in Berks County this morning.
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A growing need
Three-year-old Briette Schantz of Bally, holds a pumpkin she picked Sunday with her mother Cathy Albitz at Mike Fink's Greenhouse at Mike Fink's Greenhouse Farm and Market in Breinigsville Sunday as part of the ...
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Changes in Berks County polling places
Thanks to new divisions in several Berks County precincts, voters in Douglass Township will need to ensure they arrive at the correct polling place on Nov.
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A.C. smokers try to cope
Day One of the full smoking ban found Henry and Patricia Rose in an isolated outdoor location above the night club murmur -- some benches, ashtray trash receptacles and a heating system for the colder days.
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Casinos suffer dismal month
Gaming revenues for September plummeted a record 15.1 percent to $356 million compared to the same month a year ago, the state Casino Control Commission said Friday.
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AC casino revenues show biggest drop in September
The city's 11 casinos experienced their biggest monthly drop in revenue ever in September.
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'A space for healing'
Dr. P. Andrew Trentacoste stands in the board room at Creative Health Services' new 11 Robinson St.
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Scams, Recalls & Ripoffs
The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product.
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PB Heat Recalls Gas Boilers Due to Carbon Monoxide Hazard
Name of Product: Gas Boilers Units: About 1,200 Manufacturer: PB Heat LLC, of Bally, Pa.
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Amish request change of venue
The attorney representing the Amish in their building code violation cases is asking for a change of venue.
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No relief for A.C. casinos
Any hope for a turnaround at Atlantic City's casinos evaporated in the July heat.
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Conference showcases state casino business
Oklahoma's tribal casinos are abandoning their traditional bingo parlor atmosphere and developing into resort destinations where the emphasis is on entertainment, tribal officials and gaming executives said ...
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Corvettes For Kids gives a lift to Dorian Burnell and many others
Seven-year-old Dorian Burnell is happily anticipating another chance at sending an adult into the water at Sunday's Corvettes for Kids fundraiser.
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Bally police officer pleads not guilty to child assault
A Bally police officer has pleaded not guilty to assault-related charges in connection with allegations he used a metal carpenter's ruler to discipline a 4-year-old boy who was visiting his home Stephen Lee ...
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Route 100 improvements may have to wait
A local stretch of roadway with a record of 59 crashes and one fatality will have to wait for needed improvements.
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In the Netherlands, the Catholic Church was only religion until 1517
As in other European countries, the Catholic Church was the only recognized religion until the Reformation began in 1517.
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Another June swoon for Atlantic City casinos
A nasty June swoon at the resort's 11 casinos could be evidence that Atlantic City is heading for a second straight down year in terms of revenue.
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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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