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Divorce Buyouts
Debt Consolidation
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Laporte, 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
| Laporte, Pennsylvania News |
Friends try to help family
Gladys Mendez doesn't like to talk about the early morning hours of June 7, when she awoke to the sound of her mother, 31-year-old Sally Estrada, screaming from the living room.
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Winter's frigid kiss
Sullivan County and parts of Bradford County were hit with an early winter storm on Tuesday that shut down roads, caused several local school districts to dismiss students early and left thousands in the region ...
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Democrats plan Fall Dinner
FOR THE REVIEW The Democratic Fall Dinner is scheduled for Saturday, Oct. 18, at the Laporte Fire Hall, in Laporte, Pa.
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All's well in Sullivan Co.
The first day of school in the Sullivan County School District, which occurred Tuesday, went very well, said Kathryn Gruber, superintendent of schools.
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Sullivan County honors Sen. Madigan
Milk punch, snacks, thank-yous and a lot of goodbyes were all part of a reception at the Sullivan County Courthouse Wednesday for retiring Sen.
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Briefs: Kiski Area to hold special meeting
Kiski Area School District The school board will hold a special meeting at 9:15 p.m. Wednesday, tentatively to fill an administrative position.
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Sullivan County School Survives
"Turnpike gives a good education, really good teachers and a good faculty and I don't think I should be in a really big class" A school in Sullivan County survived the chopping block. The Sullivan County school board voted 5 to 4 Tuesday night to keep Turnpike Elementary in Mildred open. via WNEP-TV Moosic
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Obama struggling to win over white voters
"He just cut his own throat with everyone who owns a gun." Senator Barack Obama with young Daniel Van Dusky during a visit to the Glider Diner in Scranton, Pennsylvania MUNCY VALLEY: Barack Obama's efforts to woo white voters in the Pennsylvania Democratic primary have ... via Gulf Times
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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