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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Fredericktown, 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
| Fredericktown, Pennsylvania News |
Telephone service out for some in Washington County
Local telephone service has been interrupted for some Washington County Windstream customers.
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Phone service down in parts of the county
Home phone and cellular services are currently down in the East Bethlehem and Centerville area, county emergency officials said.
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Phone Service Outage Reported In Fredericktown
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Water Tanker Struck By Train In Washington Co.
A water tanker was struck by a train in Washington County Thursday morning. The collision happened along Route 88 and Barney's Run Road in Fredericktown.
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UMW president to speak at Washington County event
United Mine Workers President Cecil Roberts is scheduled to speak to active and retired coal miners at the UMW Pensioner Picnic on Sept.
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Swingers Palace, church share address
Since his ordination almost six years ago through the Church of Spiritual Humanism, the Rev.
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Is 'church' really disguised sex club?
Has Swingers Palace, an alleged sex club, been operating out of a residence in North Huntingdon for the past seven years? That possibility surfaced Tuesday at a hearing of the township zoning board to consider ...
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Man charged in car burglaries
A Fredericktown man is accused of a rash of vehicle break-ins in Centerville. Christopher Ryan Duncan, 18, was charged by California police with fleeing or attempting to elude police, failing to obey traffic ...
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Jury preparing to decide fate of Coal Center man
Police never found the rifle that a Washington County man is accused of using to shoot a Fayette County man in the face, but the same weapon was used to fire spent cartridges that were found at the scene and in ...
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Court cases
Numerous people recently appeared in Washington County Court on criminal charges.
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Wildlife officials want people off state land
"I could find better things to do with the state's money" FREDERICKTOWN - State wildlife officials are warning people who live near Knox Lake to stop mowing grass on state property and treating the land as their own. via Coshocton Tribune
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'You can't make anybody happy'
"We're never going to see this money unless we file this lawsuit. We're waiting for (the gaming revenue) to be given from the state to the Department of Community and Economic Development, and we plan on filing an injunction then" Coal cars rumbled regularly just feet from the East Bethlehem Township fire hall, but even the noise of a freight train couldn't drown out the furor that was unleashed Friday night over Washington County slots ... via O-R Online
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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