Jamestown, 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
| Jamestown, Pennsylvania News |
Livingston Road Accident
One person is in Meadville Medical Center tonight after a one car accident on Livingston Road at Linesville Road.
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Voters Guide: Whiting takes on Brooks in 17th
With all the attention on McCain vs. Obama and English vs. Dahlkemper, Mercer Countians may have missed a third, quieter battle going on in some county precincts.
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Things To Do from October 15, 2008
Info: Rebecca Knapp, 724-376-2650. * Jim Mondok of Mercer County Conservation District will speak to the Wilmington Township Mercer County Civic League at 7 p.m. Oct.
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Man, 59, dies after crashing pickup
A 59-year-old Jamestown man was killed when he lost control of his pickup and crashed into an embankment at 10:55 p.m. Friday on East Lake Road in South Shenango Township.
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Apple harvest time in East Kane
Jones' tractor-pulling its car trailer, filled with crates of apples, delivers apples to the barn to be washed, sorted, and crated up or bagged for customers.
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Volunteers step up for Day of Caring
Local volunteers will be tackling some major projects and organizing a variety of collection drives Thursday, the inaugural United Way of Mercer County Day of Caring.
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Deadline's here for bars wanting OK to light up
With Pennsylvania's public smoking ban taking effect Thursday, today is the last day bars and businesses have to apply for an exemption to the law, if they want patrons to keep lighting up.
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Meeting set on spillway bread ban
State lawmakers are hosting a public meeting Sept. 8 to discuss the upcoming ban on the longtime tradition of feeding bread to the carp at the Linesville Spillway at Pymatuning State Park.
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Man Killed In Mercer County Crash
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Motorcycle crash leaves Greene Township man dead
A Greene Township man was killed after crashing his motorcycle early Monday on East Jamestown Road, Greene Township, state police said.
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Pennsylvania Business Seeks to Help Economy By Contracting with Local ...
Pennsylvania Business Seeks to Help Economy By Contracting with Local Growers to Produce Hempseed Nut and Oil for value added foods.
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Welcomes Class of 2012 with Opening Convocation Aug. 22
Westminster College will welcome the class of 2012 with the traditional Opening Convocation Friday, Aug.
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News briefs Aug. 12, 2008
A 19-year-old Harrisville woman is accused of having sexual contact with a 14-year-old boy in a Grove City home between February and May, police said.
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Normalville 9-year-old makes mark in ATV racing
At just 9 years old, Austin Clark has already started, and excelled, on what he hopes is his career path.
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Councilman admits to prowling, faces charges
Jamestown officials were tight-lipped Wednesday about criminal charges a borough councilman faces for allegedly sneaking into his estranged wife's home.
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2 hurt when train hits pickup truck in Hempfield
Two Jamestown men were hurt when their pickup truck was hit by a train about 11:45 a.m. Monday in Hempfield Township.
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Community briefs June 18, 2008
Entire families can come "Stream Stompin'" at 10 a.m. July 5 in Big Run Creek at Jennings Environmental Education Center, near Slippery Rock.
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Weather service says funnel cloud spotted in Venango County
The National Weather Service says it's checking out reports of a funnel cloud and downed trees in Venango County.
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York woman sent to prison for theft
A 22-year-old York woman was sentenced to Lebanon County prison this week for theft-related and drug offenses.
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Care fund set up for Greenville stabbing victim
The family of the Greenville woman who was stabbed and seriously hurt in a brutal attack May 20 that left her father dead has set up a bank account to help pay for her medical bills.
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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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