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Divorce Buyouts
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Belsano, 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
| Belsano, Pennsylvania News |
Ebensburg event sees strong growth
The borough's one-day Wheels & Wings event has tripled in size since it began four years ago, and between 15,000 and 20,000 bikers and others showed up Thursday evening.
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Chelsea Clinton rallies support for mom
"She just went about it in a different way." Former first daughter Chelsea Clinton stopped in Johnstown on Tuesday, hoping to rally support for her mother's presidential campaign. via The Tribune-Democrat
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The Tribune Democrat, Johnstown, PA
"This takes place when there is an area of concrete roadway that needs rehabilitated, and it is too large to do the concrete patching seen in most areas" The orange cones and merge signs are being set out as PennDOT gears up for its 2008 highway improvement projects. via The Tribune-Democrat
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In brief | AAUW to host speaker at Bottle Works
DEMOCRAT "Travelin' on the Main Line Canal" will be presented by commonwealth speaker Jan Kinney at 7 p.m. April 21 at Bottle Works Ethnic Arts Center, 411 Third Ave. via The Tribune-Democrat
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Region sets collections for old appliances, tires
Get out those old refrigerators and tires for the annual spring collections in central and northern Cambria County. via The Tribune-Democrat
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Festival offers assistance to budding writers
"Because it is our first year, we decided to keep the festival limited to the Central Cambria family" By TOM LAVIS TLAVIS@TRIBDEM.COM When someone tackles a building project, it's imperative to begin on a solid footing. via The Tribune-Democrat
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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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