Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

PA Divorce Buyout in Pennsylvania

Since 1979 Somerset Mortgage Lenders 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 :
Nanticoke New Buffalo New Paris Nineveh
Nanty Glo New Castle New Park Normalville
Narberth New Columbia New Philadelphia Norristown
Narvon New Cumberland New Providence North Apollo
Natrona Heights New Derry New Ringgold North Bend
Nazareth New Eagle New Salem North East
Needmore New Enterprise New Stanton North Springfield
Neelyton New Florence New Tripoli North Versailles
Neffs New Freedom New Wilmington North Wales
Nelson New Freeport Newburg North Washington
Nemacolin New Galilee Newell Northampton
Nescopeck New Geneva Newfoundland Northern Cambria
Nesquehoning New Germantown Newmanstown Northpoint
New Albany New Holland Newport Northumberland
New Alexandria New Hope Newry Norvelt
New Baltimore New Kensington Newton Hamilton Norwood
New Bedford New Kingstown Newtown Nottingham
New Berlin New London Newtown Square Noxen
New Berlinville New Milford Newville Nu Mine
New Bethlehem New Millport Nicholson Numidia
New Bloomfield New Oxford Nicktown Nuremberg
New Brighton

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Pennsylvania News
Democrats post big gains in voter registration

Five days a week, Linda Graham trolls tattered neighborhoods of this once thriving steel city outside Pittsburgh for unregistered voters she can sign up as Democrats - one of thousands of unknown volunteers ...

Hillary won't be attack dog against Palin

Glenn Thrush has some good dope: Hillary Rodham Clinton has no intention of becoming a Sarah Palin attack dog - but has no qualms about going after John McCain, people close to the former first lady say.

Impending smoking ban has diners breathing easy

Six years ago, on the 27th of November, the state of Delaware banned smoking in public places, effectively bolstering business for Pennsylvania's dining and drinking establishments.

Details of Pennsylvania's new smoking ban law

Details of law taking effect Sept. 11 to ban smoking in most public places and workplaces in Pennsylvania: SMOKING BANNED: - Enclosed workplaces and commercial establishments.

Pennsylvania Secretary Of Health Stresses Importance Of Cancer Awareness, Education

With the "Stand Up to Cancer" national telethon airing tonight, Secretary of Health Dr.

Foreign policy resume no longer key to White House

Saturday, September 06, 2008 WASHINGTON: American leaders-in-waiting like John Adams and Thomas Jefferson once had to serve long apprenticeships abroad, immersing themselves in the complexities of international ...

Ike elevated to Level 4 hurricane

The National Hurricane Center in Miami says Hurricane Ike has intensified to a dangerous Category 4 storm with winds sustained at 135 mph.

Crash with suspect's SUV kills Philly officer - AP

A 16-year-old in a stolen vehicle smashed into a police car during a chase, killing one of two officers in the cruiser, authorities said Saturday.

Palin attacks Obama and U.S. media

John McCain is joined by Sarah Palin and her family on Wednesday night at the Republican National Convention.

Obama, seeing hope in Ohio, shifts schedule there

DILLONVALE, Ohio - So much for the full-on 50-state strategy. Call Barack Obama's implementation of national Democrats' coast-to-coast plan "Fifty-State Lite." Barack Obama's strategists say they will pick and ...

Hanna could hit Philly area with heavy rain, winds

Tropical Storm Hanna's northward march is expected to be felt in the Philadelphia area, where a forecast of heavy rain and high winds could result in power outages.

Federal funding shortfall could hit PA construction, PennDOT says

State Transportation Secretary Allen D. Biehler, P.E., said today that a shortfall in the federal Highway Trust Fund poses a threat to the state's bridge and highway program and Congress needs to act quickly to ...

PennDOT reminds drivers of school bus laws

With school now back in session, state officials are reminding motorists to obey laws related to school buses.

Pennsylvania packed with House races to watch

Here we go again. Pennsylvania, a key battleground two years ago in the Democrats' successful fight to gain control of the U.S. House, is again chock full of House races to watch.

McCain, Obama pitted in 8-week contest of 'change'

Republican presidential nominee John McCain, buoyed by a unifying GOP convention and the spark of running mate Sarah Palin, plunged into a competitive, eight-week struggle with Democrat Barack Obama over which party can best bring change to Washington.

Before a roaring crowd of delegates McCain vowed Thursday night to vanquish the 'constant partisan rancor' he said was plaguing the nation as he embarked on an eight-week effort to win the White House.

'I will reach out my hand to anyone to help me get this country moving again,' McCain said. Joining him after the speech was Palin, the Alaska governor whose national political debut has helped solidify GOP conservatives behind the party ticket.

Barack Obama Campaigns in Pennsylvania

Presidential hopeful Barack Obama makes a stop in Pennsylvania. Senator Obama spoke to a crowd of thousands at Buchanan Park in Lancaster Thursday, touching on a number of issues including energy: "We're gonna ...

Pa. lawmakers again consider billing towns for trooper services

Pennsylvania lawmakers are considering whether to impose a $100-per-resident tax on large municipalities that do not have their own police forces and instead rely entirely on state troopers.

Few minorities on GOP podium

The Republican National Convention showcased a Native American color guard, a black preacher and video footage of civil rights pioneer Rosa Parks, all part of its effort to present the GOP as a picture of diversity. What it hasn't offered is many minorities speaking from the podium in prime time, or sitting among the delegates.

The convention has a decidedly homogenous look to it, coming hard on the heels of a Democratic gathering where minorities were prominent on the podium and in the crowds, and the spotlight focused squarely on Barack Obama's historic racial breakthrough.

Pilot, 66, walks away from crash landing in NE Pa.

The pilot of a small plane says he walked away uninjured after crash-landing just 200 feet from a residential area in northeastern Pennsylvania.

Republicans Shift Definition Of Experience

For months, the watchword of Sen. John McCain's campaign had been "experience," publicly pounding home the Republican message that McCain has plenty and Sen.

Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
"...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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)