Bensalem, 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
| Bensalem, Pennsylvania News |
Off-duty cop charged with DUI
An off-duty Philadelphia Police officer was charged early today with driving under the influence of alcohol after he was involved in a collision on Roosevelt Boulevard that injured a 67-year-old Bucks County ...
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Police identify victim of crash
A Philadelphia man has been identified as the person killed late Monday along New Falls Road when the truck in which he was a passenger flipped over and landed on top of him.
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School secretary charged with theft
A Bensalem elementary school secretary is charged with stealing $5,000 from the school's activity fund to pay her rent.
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Parents plead guilty in abuse case
A Bensalem couple whose 6-year-old daughter was beaten so badly that she was hospitalized for months pleaded guilty Tuesday in Bucks County court in Doylestown.
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Libraries to offer fine amnesty
This may be a good time to finally give up on 'War and Peace' - or at least give someone else a chance.
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Trooper charged with stealing
A 34-year-old state trooper has allegedly thrown away his six-year career in law enforcement for a broken power tool.
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Giving back to a man who gives back
It began as a fundraiser for a paralyzed man. But then that man took the microphone, and he had them laughing through the aisles.
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Program gives free birth control
For Yadira Carmona, birth control was once a luxury. The Bensalem woman has no medical insurance, meaning she had to pay out-of-pocket for contraception, which can cost hundreds of dollars a year.
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Parents learn signs of gang activity
Every parent's worst nightmare - evidence of gang activity in local schools and malls - flashed across the projector screen at Bucks County Technical High School on Wednesday night.
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Armed man robs Bucks Co. Wawa
November 13, 2008 -- A man armed with a knife robbed a Bucks County Wawa early Thursday morning.
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Traffic stop nets $20,000 in heroin
Bensalem police said they pulled over a car on Monday carrying $20,000 worth of pure heroin.
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Former office bookkeeper faces Pa. state prison
A former bookkeeper for a Philadelphia-area doctors' office faces state prison for embezzling money she used to splurge on jewelry, electronics, motor vehicles and air travel.
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Real Deal Free 'Shred It!' Day
On Friday, Nov. 14, Fox 29 viewers can drop off items to be shredded to protect themselves from identity theft from 6am-6pm for free! Consumer Reporter Michelle Buckman from Fox 29's 'Real Deal' teams up with ...
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Students get chance to meet their heroes
Local veterans received a hero's welcome Monday when they pulled up to John Fitch Elementary School in Bristol Township in a U.S. Army Jeep and convoy truck.
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Bensalem gets special cleanup day
How much would you pay to keep toxic chemicals out of children's reach? Bucks County commissioners decided Wednesday that the household hazardous waste program was worth spending $50,000 in tax dollars above ...
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Daddy: I didn't drag-race my daughter into surgery
Nicholas DiPasquale still bears the scars from his two-car accident three months ago, bracing crutches yesterday while pleading not guilty to criminal charges of recklessly endangering the passenger that day - ...
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2 Pa. men charged in incident at store
Two Pennsylvania man were charged Tuesday after they shoplifted merchandise at a store and then tried to ex-change the items for cash, police said.
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Did race play a factor in decisions?
Since Rep. John Murtha, an Obama supporter, called Western Pennsylvania residents "racist," political analysts have been buzzing about how race would impact the polls in Pennsylvania and across the nation.
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Gas Leak Prompts Evacuation at Middle School in Buxco
Bucks County, Pa. fire officials say Snyder Middle School in Bensalem was evacuated on Tuesday afternoon because of a gas leak.
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Album Alert: Tuesday, November 4, 2008
Even with a decade-plus under its belt, Switchfoot has yet to turn in a greatest hits disc, though that long overdue project finally sees the light of day on The Best Yet .
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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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"...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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