Bangor, 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
| Bangor, Pennsylvania News |
Bangor Area middle and high schools locked down after report of burglary in community
Bangor Area School District Superintendent John Reinhart locked down the high school and middle school Thursday night after a report of a burglary in the community possibly involving high school students.
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Police: Football game prompts vandalism
Six buildings and cars were vandalized in Bangor with spray paint over the weekend in a spree police believe was spawned by pre-game hooliganism before yesterday's Wilson-Bangor football game, Bangor police ...
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Bangor police investigating string of vandalisms
Police are investigating a rash of vandalism in Bangor over the weekend, police said.
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Woman Dies Following Two Car Crash
One woman is dead following a two car accident in Northampton County. Esther Dietz., from East Bangor died at Pocono Medical Center after the accident at 2:30 p.m. Friday afternoon.
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Route 191 crash fatal for East Bangor woman
An East Bangor woman was killed in a two vehicle crash on Route 191 at Fox Gap Road inUpper Mount Bethel Township this afternoon.
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Lehigh Valley Wine Trail pours it on for Nouveau Weekend at Poconos wineries
Nouveau Weekend is finally here. To a wine lover, that means that it is time to tempt the taste buds with great food and delicious Pennsylvania wines.
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Police bust 12 underage drinkers in Pen Argyl
Pen Argyl police issued a dozen citations for three separate underage drinking incidents over the course of five hours on Friday night into early Saturday morning, police said.
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Wilson Borough woman sent to prison for role in series of car break-ins
A Wilson Borough woman thought she might get probation for her role in a series of car break-ins if she testified against her two co-defendants. Instead, Jessica Fulmer, 24, was sentenced Wednesday to up to 23 ...
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Bangor man faces up to 10 years in sex assault
A Bangor man who had sex with a 15-year-old girl pleaded guilty Tuesday to three counts of statutory sexual assault.
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Company News
SIX BOROUGHS ELIGIBLE FOR FACADE LOANS The Borough Business Revitalization Program has created a reduced interest-rate Facade Loan programs in six Lehigh Valley communities.
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Bangor man facing charges in Northampton County Court after Easton sex sting
An Easton police officer who posed as a prostitute during an undercover sting Aug.
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Continue reading "Children are hard-wired to be imaginative, and books help feed their imaginations"
It's obvious that children are imaginative beings. Toy dolls and stuffed animals talk, eat food and in every other way are "real" to the child.
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Drivers should expect traffic delays in Northampton County road work area
Road work in various parts of Northampton County could slow traffic until about 2 o'clock this afternoon, according to the Pennsylvania Department of Transportation .
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Community banks reaping benefits of lending policies
While Wall Street melted down and news leaked about panicked deal-making among the nation's troubled financial institutions, something far less sensational played out at many of the Lehigh Valley's small ...
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Slate Belt winemaker wins national award
Bonnie Pysher, of Bangor, a winemaker for Franklin Hills Vineyard, won a national award for her Harvest Berry wine.
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Portland teenager suffers severe injuries when struck by car in Bangor
A 16-year-old Portland girl suffered multiple broken bones, severe head trauma and memory loss after she was struck by a car Friday night on her way to a football game in Bangor .
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Bill White: Your mother wears Army boots
The Lehigh Valley has featured some epic political feuds over the years, and I've had a good time writing about them.
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The Apple Dumpling gang
The skilled cooks at Christ Evangelical Lutheran Church in Mount Bethel have a wonderful way of capturing some of autumn's greatest pleasures in dough.
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2008 Halloween Parades
26. Begins at Allentown Fairgrounds, 17th and Chew streets, and ends at Seventh and Hamiltoin streets.
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Senate OKs Zito for judge
Bangor lawyer Leonard N. Zito became a Northampton County judge on Tuesday when the state Senate unanimously approved his nomination.
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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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