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PA Divorce Buyout in Pennsylvania

Since 1979 Somerset Mortgage Lenders 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.

Local divorce buyout directory for PA :
Gaines Gifford Glenmoore Gratz
Galeton Gilbert Glenolden Gray
Gallitzin Gilberton Glenshaw Graysville
Gans Gilbertsville Glenside Great Bend
Gap Gillett Glenville Greeley
Garards Fort Gipsy Goodville Green Lane
Gardenville Girard Gordon Greencastle
Gardners Girardville Gordonville Greenock
Garland Gladwyne Gouldsboro Greensboro
Garrett Glasgow Gradyville Greensburg
Gastonville Glassport Grampian Greentown
Geigertown Glen Campbell Grand Valley Greenville
Genesee Glen Hope Grantham Grindstone
Georgetown Glen Lyon Grantville Grove City
Germansville Glen Mills Granville Grover
Gettysburg Glen Richey Granville Summit Guys Mills
Gibbon Glade Glen Riddle Lima Grapeville Gwynedd
Gibson Glen Rock Grassflat Gwynedd Valley

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