Fairhope, 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
| Fairhope, Pennsylvania News |
New windfarm likely to be built this winter
Construction of a 36-turbine wind farm that covers three townships in Somerset County is likely to begin this winter.
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DA drops vehicular homicide charges against Boswell man
Somerset County District Attorney Jerry Spangler withdrew vehicular homicide charges Wednesday against a Boswell man involved in a crash that killed a Fairhope woman two years ago.
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DA investigates tax collector
Former Fairhope Township tax collector Allison Smith is being investigated by the district attorney's office for allegedly using $4,651.72 in tax money for personal gain.
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Low-income seniors eligible for more help
More than 1,100 Somerset County residents who are eligible for Medicare appear to have sufficiently low income to qualify for extra help to pay annual deductibles, premiums and co-payments, said Debbie Baker, ...
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Committee looks to beautify interchange
The Somerset Borough Strategic Action Plan Committee met with turnpike commission officials Wednesday to discuss sprucing up the turnpike interchange.
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Tax collector investigated
Former Fairhope Township tax collector Allison Smith is being investigated by the district attorney's office for using tax money for personal gain.
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Zoo prepares for elephants' arrival
Jackson, a gentle elephant from Pittsburgh, and Kallie and Bette, eligible females from Philadelphia, will soon rendezvous at the International Conservation Center in Allegheny and Fairhope townships.
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Pittsburgh Zoo trip draws 4,500 residents
About 4,500 people have signed up for the safari to the Pittsburgh Zoo & PPG Aquarium, said Ron Aldom, executive director of the Somerset County Chamber of Commerce.
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Elephant Sized Quest Begins For Kallie, Bette Home
NBC10.com's Vince Lattanzio is traveling on a "safari" across Pennsylvania with staff from the Philadelphia Zoo as they search for a new home for the zoo's two African elephants.
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Zoo plans exclusive tour for Somerset
The Pittsburgh Zoo is offering Somerset County residents a free tour of the zoo as construction continues on its International Conservation Center on a former county game preserve.
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"Charismatic icon" Petal, oldest African elephant in U.S., dies at Philly Zoo at age 52
Petal, the oldest African elephant in an American zoo, died yesterday at the age of 52 at the Philadelphia Zoo.
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Hyndman woman hurt in ATV crash
A 20-year-old Hyndman woman was injured Sunday when the ATV she was riding as a passenger traveled out of control and over an embankment, Pennsylvania State Police said.
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Four teens hurt in weekend wrecks
By KIRK SWAUGER KSWAUGER@TRIBDEM.COM BERLIN - Four Somerset County teenagers were injured in two weekend traffic accidents. via The Tribune-Democrat
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PA Firefighting TFR: UFN
NOTAM Number: FDC 8/3970 Issue Date: April 18, 2008 at 2123 UTC Location: FAIRHOPE TOWNSHIP , Pennsylvania near GRANTSVILLE VOR/DME Beginning Date and Time: Effective Immediately Ending Date and Time: April 19, ... via Aero-News Network
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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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