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Bendersville, 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.

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Bendersville, Pennsylvania News
Help Arrives For Forestville Firefighters

Firefighters traditionally help other people, but in this Cass Township village, they're receiving aid after Monday morning's blaze gutted their firehouse and damaged three engines.


Mr. and Mrs. Joseph L. Bosak Sr.

Joseph and Dorothy Bosak of Bendersville recently celebrated their 60th wedding anniversary.


Adams County OKs contract for joint comprehensive plan

Adams County officials approved a contract Wednesday for a company that will help create a plan involving six municipalities.


Bendersville hires new meter reader

Bendersville Borough hired a new water meter reader this week and hopes the move won't cause much of a delay in getting out its third-quarter bills.


Public record for Thursday, Sept. 18, 2008

Mr. and Mrs. Corey Stockslager , Hanover, a son, Sept. 16, 2008, at York Hospital.


Bendersville OKs cell towers

Bendersville Borough Council gave approval for two cell phone towers Tuesday. The 150-foot towers, to be built by Diamond Communications, will be installed at the borough office on Rampike Hill Road and on the ...


The Opportunity Center prepares migrant children for kindergarten

When 16 children of migrant farm workers enter kindergarten next week at Biglerville and Gettysburg elementary schools, they will have a better grasp of the English language thanks to their experience at the ...


Public record for Tuesday, Aug. 12, 2008

Ashley Abel and Chad Emig, Hanover, a daughter, July 26, 2008, at Hanover Hospital.


Some golfers cutting back on play

Wayne Wilson putts on the second green at The Bridges Golf Club near Abbottstown last week.


Public record for Friday, Aug. 1, 2008

Mr. and Mrs. Timothy Emenheiser , of York, a daughter, July 27, 2008, at York Memorial Hospital.


Youth crowds concern Bendersville Council

Graffiti on a stop sign, a stolen bike and other nuisances have Bendersville Borough Council concerned.


Bendersville hopes to give fire company $25K for truck

' People line Main Street in Bendersville on Wednesday to enjoy the parade, which featured numerous fire trucks.


Briefly on Saturday, July 26, 2008

Musicians representing Europe, Asia and America will perform 7:30 p.m. today at the Menallen Friends Meetinghouse in Bendersville in a concert, Music for Peace and Reconciliation.


BENDERSVILLE: Music for Peace concert

Musicians representing Europe, Asia and America will perform 7:30 p.m. Friday at the Menallen Friends Meetinghouse in Bendersville, Adams County, in a concert, Music for Peace and Reconciliation.


BENDERSVILLE: Music for Peace concert

Musicians representing Europe, Asia and America will perform 7:30 p.m. Friday at the Menallen Friends Meetinghouse in Bendersville, Adams County, in a concert, Music for Peace and Reconciliation.


Skull found near Bendersville appears to be a teaching tool

This skull, found south of Bendersville, is believed to be a teaching tool. It was discovered with a carpet-covered pedestal on the side of Route 34.


Upper Adams School Board still wants change in election process

The Upper Adams School Board wants a change in the election process for its members to be seriously considered at the state level.


Bendersville threatens parking ban

Bendersville Borough Council banned parking, Monday through Friday from 8 a.m. to 5 p.m., on Park Street in December 2006, but the situation has not improved, according to town leaders.


Cell towers proposed for Upper Adams

A cellular phone signal in upper Adams County can often be hard to find. It may not be long, however, before that struggle ends.


Friendly - Color Day' continued Friday

Friday was one of those days when people look around Biglerville, Bendersville and Arendtsville and ask themselves, where is everyone? The answer was - at the 51st edition of Color Day at Arendtsville ...


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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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