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Kylertown, 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.

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Kylertown, Pennsylvania News
Unexpected cattle call closes I-80

Interstate 80 just east of the Kylertown- Philipsburg interchange had to be partially closed Tuesday after three longhorn cattle - a bull, a cow and a calf - got loose when a trailer carrying them overturned.


Former shirt factory building comes down

Walls that once surrounded hundreds of local seamstresses at the former Nanty Glo shirt factory came down last week.


Daily Police Log

The owner of two bicycles, a men's and women's, found in a stream near Don Street in Houtzdale Borough last night, is asked to contact police at 857-3800. No injuries were reported in a two-vehicle accident ...


Daily Police Log

Robert Coble of Kylertown reported someone caused $20 in damage to a window screen between Sept.


Daily Police Log

No one was injured in a hit-and-run accident yesterday at 2 p.m. in the parking lot off of North Street in Curwensville Borough when Louine B. Bloom of Curwensville backed her sport utility vehicle from a ...


Daily Police Log

Max A. Roussel of Grampian reported a .38-caliber chrome-plated Smith and Wesson revolver, valued at $400, was taken from his vehicle while it was parked at a towing business in Grampian Borough last week.


Daily Police Log

Chase Couturiaux of Philipsburg reported an act of criminal mischief after a Philipsburg man caused $518.34 in damage by walking on his car at the Wild Ride Motorcross Track in Decatur Township on Aug.


Daily Police Log

Jennetta M. Thomas of Kylertown suffered minor injuries in a one-vehicle accident Tuesday at 1:15 p.m. when she was traveling south on state Route 53 in Cooper Township and a deer ran onto the highway.


Meals on Wheels Looking for Volunteers

The Clearfield County Area Agency on Aging kicked off an extensive volunteer recruitment effort on August 1. Informational flyers, door hangers and yard signs, all containing the logo below, continue to be ...


Nanty Glo Shirt Factory building to be razed

For years after the Nanty Glo Shirt Factory closed for good, the building that once employed local seamstresses stood empty, silent.


RSVP Announces Volunteer Opportunities

People are living longer. Being able to live independently in later years is a very important issue for older adults and mental, physical, and economical factors may affect this.


Clearfield PSP Locates Both Missing Persons

State Police at Clearfield located a missing female juvenile after she was dropped off at a Snow Shoe Truck Stop on Tuesday.


Daily Police Log

Ms. Lightner suffered a minor injury and was transported by Irvona Emergency Medical Services to Miner's Hospital.


Police Logs

During a routine traffic stop on U.S. Route 322 near the Super 322 Drive-In, Bradford Township, a Woodland man was determined to be intoxicated and was transported to Clearfield Hospital for blood alcohol ...


Stroke Screenings Available

Stroke is the third leading cause of death in the United States and is a leading cause of serious long-term disability.


State College Man Waives Hearing on Sex Crime Charges

"I know I'm wrong and you have my full cooperation."

A State College man waived right to a preliminary hearing Wednesday on statutory sexual assault charges. via GantDaily.com


Two dilapidated buildings razed to rubble

"I would hope we can get this done this summer"

Two longtime eyesores in Cambria County are on the way out, with plans already in the works to reuse one of the sites. via The Tribune-Democrat


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