Kittanning, 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
| Kittanning, Pennsylvania News |
Decisions of our Judges
The following is a partial list of criminal cases handled by Judge Kenneth G. Valasek at a sentence court on Nov.
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Fire damages East Franklin house
A quick-thinking teen was unable to douse flames that damaged his family's house Monday afternoon.
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Kittanning proposes bare-bones budget
A "bare-bones" budget for 2009 means no major tax increases but no major cuts in services provided by the borough.
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News to Use
A benefit for HAVIN Light-Up Night will be held 7-9 p.m. Monday at Jim Klingensmith's, 107 Raceway St., Ford City, . Non-perishable food and household items will be accepted.
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Volunteers share, care on Thanksgiving
Volunteers serving Thanksgiving dinners on Thursday provided much more than turkey and pumpkin pie.
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News to Use
East Brady holds Christmas event The We Believe Committee in East Brady will sponsor a two-day Christmas event 10 a.m.-5 p.m. Dec.
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Armstrong commissioners approve $8,700 more to finish annex work
It will soon be easier to get into the Armstrong County annex building. Contractors are nearing the end of work on a project that repairs the deteriorating wall, steps and deck outside the entrance to the ...
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Dayton couple killed in vehicle accident
A Dayton couple died Friday from injuries they suffered in a one-vehicle crash on a snow- and ice-covered Armstrong County road.
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Evangel Heights students return from Mexico
Andrew Rupp and several other Evangel Heights Christian Academy students reached an epiphany during a recent mission trip to Mexico.
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Light-Up Night will get holiday fun started
Get ready, he's coming! He'll be at the Elderton State Bank at 5:30 p.m. Friday -- sharp.
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Kittanning site of chorus festival
A chorus of 145 students from seven Armstrong County high schools will fill Kittanning Senior High School's auditorium with music this Thursday.
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News to Use
Program addresses dealing with loss at holiday time The Bauer Family Funeral Homes will host a free Holiday Remembrance Program, "Surviving the Season," at 7 p.m. Wednesday at the Bauer Funeral Home, 515 N. ...
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News to Use
The Armstrong County Area Agency on Aging Christmas Craft Bazaar will open as has been its tradition as part of Kittanning Light-up night on Nov.
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News to Use
Citizens Academy accepts applications The Pennsylvania State Police in Butler are accepting applications for its 2009 Citizens Police Academy.
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News to Use
Cooperative Extension holds annual meeting The annual meeting of the Armstrong County Cooperative Extension Association will be held at 7 p.m. Nov.
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IUP buildings in Kittanning to be razed
Five buildings on the former Indiana University of Pennsylvania Kittanning Campus are slated for demolition sometime in December, according to Michael Malak of Senate Engineering.
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Orphans of the Storm craft show benefits animals
Guests who tour the Charles Black family home in Ford City this weekend can do more than admire the items they see --- they can buy them.
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Rayburn, Ford City blazes leave 3 homeless
Fire crews in central Armstrong County had their work cut out for them Monday as they responded to five calls, including two structure fires between 10 a.m. and 4 p.m. Crews from West Kittanning Fire Department ...
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Kittanning loses money, cuts back on workers
Council announced Monday the borough is losing money and that it must enact some drastic and immediate cost-cutting moves.
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Apparent gas explosion at W.Va. coal mine hurts 2
Gas ignites, 2 miners burned at W.Va. coal mine Comments FELLOWSVILLE, W.Va. - Two coal miners were burned on their face and arms Monday when gas ignited, creating a brief flash of fire at mine in northern West ...
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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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