Galeton, 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
| Galeton, Pennsylvania News |
Stamp Camp widens N. Tier youngsters' horizons
Stamps are more than bright pictures affixed to letters and packages. They have portrayed the history, places, people and events of every issuing nation.
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Tioga and Potter counties
If you live in the Galeton area and decorate your house for the Christmas holidays, consider being part of the Holly Trail Christmas House tour sponsored by the Galeton Business and Professional Women's Clubs.
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Mansfield's Rumsey named District 4 Class a MVP in volleyball
Volleyball all-stars for District 4 and the Northern Tier League West were announced this week.
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4-Hers and their animals do well at horse show
Qualifying members of the Endless Mountain Horse and Pony 4-H organization of Troy recently attended the State 4-H horse show in Harrisburg.
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Reminders of the Great Depression
During the Great Depression, miners from the Lincoln Place neighborhood of Pittsburgh worked a reopened mine in Buttermilk Hollow to help the needy.
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Tioga and Potter counties
Take a tour of the night sky at 9 p.m. Friday at Leonard Harrison State Park. Discover the constellations in the sky and how to find them.
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Water log
SETTING THE STAGE: The heat is rising as the debate sparked by gas drilling rages across our communities.
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Tioga and Potter Counties
The Galeton Moose Family Center presented 20 ties in memory of United Flight 93 at the Pennsylvania State Police station in Coudersport Sept.
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Seneca Highlands IU9 directors accept resignation of Dr. Karl Shuey
The directors of the Seneca Highlands Intermediate Unit Nine accepted the resignation Monday of Dr.
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After son's death, family feels deceived
Sam Pifer of Galeton died from a head injury in July and donated his organs to the Gift of Life organ donation program.
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Wellsboro photographer gets top prize at Gmeiner show
Judith Giddings of Wellsboro won the Best in Show honors at the Regional Juried Photography Show at the Gmeiner Art and Cultural Center in Wellsboro.
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Show offers taste of area's lumber heritage
The Woodsmen's Show hosts many of the same events featured in televised competitions.
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Get an inside look at woodsman's life
Perennial lumberjack favorites Arden Cogar Jr. and Mike Sullivan will perform a day earlier at this year's Woodsmen Show when they bring their Lumberjack Show of Champions to the main arena at Cherry Springs ...
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Get an inside look at woodsman's life
Perennial lumberjack favorites Arden Cogar Jr. and Mike Sullivan will perform a day earlier at this year's Woodsmen Show when they bring their Lumberjack Show of Champions to the main arena at Cherry Springs ...
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Young Girl Raped in Northern Tier
A Northern Tier man is behind bars after police say he raped a 12-year-old girl on a camping trip.
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Family, friends help woman celebrate 100th
Pauline Jenkins, a resident of The Green Home rehabilitation center and skilled nursing home, celebrated her 100th birthday on June 22.
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North Rome graduation is a family affair
Alex Sheeley, the son of Nick and Angela Sheeley, recently graduated from kindergarten at North Rome Christian School and was presented his diploma by his parents.
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Tioga and Potter counties
Learn the art of creating floral bouquets from your own garden. This class will teach participants the basics of arranging and creating beautiful centerpieces and floral arrangements.
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Tioga and Potter Counties
"Coping with Parenthood/What to Expect after You've Delivered," one of the six Expectant Parents classes provided free by Soldiers and Sailors Memorial Hospital, will be held at 7 p.m. Tuesday in the hospital ...
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Home for Sale in Galeton, Pennsylvania
Address: 1354 Us Hwy 6 W, Galeton, PA 16922, United States Residential Features: Cable/Satellite TV, Dish Washer, Hardwood Floors, Ceiling Fans, Fireplace, Garbage Disposal High Schools: Galeton Area School ...
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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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