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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.

Local divorce buyout directory for PA :
La Belle Lanse Lemont Littlestown
La Jose Lansford Lemont Furnace Liverpool
La Plume Laporte Lemoyne Llewellyn
Laceyville Larimer Lenhartsville Lock Haven
Lackawaxen Latrobe Lenni Locust Gap
Lafayette Hill Lattimer Mines Lenoxville Locustdale
Lahaska Laughlintown Leola Loganton
Lairdsville Laurelton Levittown Loganville
Lake Ariel Laurys Station Lewis Run Long Pond
Lake City Lavelle Lewisberry Lopez
Lake Como Lawn Lewisburg Loretto
Lake Harmony Lawrence Lewistown Lost Creek
Lake Lynn Lawrenceville Lewisville Lowber
Lake Winola Lawton Liberty Loyalhanna
Lakeville Le Raysville Lickingville Loysburg
Lakewood Lebanon Lightstreet Loysville
Lamar Leck Kill Ligonier Lucernemines
Lamartine Leckrone Lilly Lucinda
Lampeter Lecontes Mills Limekiln Ludlow
Lancaster Lederach Limeport Lumberville
Landenberg Leechburg Limestone Lurgan
Landingville Leeper Lincoln University Luthersburg
Landisburg Leesport Linden Luxor
Landisville Leetsdale Line Lexington Luzerne
Lanesboro Lehigh Valley Linesville Lykens
Langeloth Lehighton Lionville Lyndell
Langhorne Lehman Listie Lyndora
Lansdale Leisenring Lititz Lyon Station
Lansdowne Lemasters Little Meadows

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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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