Nanty Glo, 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
| Nanty Glo, Pennsylvania News |
Worker burned in flash fire at Sheetz store
A flash fire at a Sheetz convenience store in Nanty Glo burned a man Wednesday, sending him to a Pittsburgh hospital, Sheetz officials said.
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Area ordinances vary from regulations to outright bans
Homeowners interested in installing an outdoor furnace in Patton, Ebensburg or Windber should be prepared: Only those with plenty of land need apply.
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Religion in Brief | Churches schedule Hanging of the Greens
BY JANICE RAINEY JRAINEY@TRIBDEM.COM Bright Hope Parish of the United Methodist Church - consisting of Belsano, Belsano Faith, Nanty Glo, Strongstown and Mount Union United Methodist churches - will hold a ...
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Budget constraints cut down plan for joint mower purchase
Borough Council has backed out of a plan join two other municipalities in buying a $111,000 boom-mower. A few months ago, Patton officials contacted Nanty Glo Borough Council about the possibility of an ...
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Cambria authority sells five properties
One old and troublesome property is being given a second chance, and four tracts left vacant after ragtag buildings were removed will be reused.
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NEW a " Charges withdrawn again lawyer accused of chaining his girlfriend to a couch
The prosecution withdrew charges today against an Altoona defense lawyer after his pregnant girlfriend testified that she had consented to be chained to a couch.
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New a " Apartment fire claims older man
A state police fire marshal is investigating an apartment blaze in which an elderly man was found dead in southwestern Pennsylvania.
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Efforts aim to raise profile of war hero
As a nation pauses today to remember those who served this country, a group of dedicated locals are hopeful a hero will at last find his way back to the place he called home.
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Liquor-license transfer sought for Portage establishment
A woman who was a partner in a controversial teen nightclub in Nanty Glo and continues to help operate a Portage swap shop is seeking a liquor license to open a bar/restaurant here.
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Wales has a literary bent
Here, amid the ruins of the medieval Tintern Abbey, the serenity recalled by William Wordsworth is almost palpable to 21st-century visitors.
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In brief: Woman stabbed at Solomon Homes recovering
A Johnstown woman is recovering after being stabbed Saturday at Solomon Homes, city police said.
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Religion in Brief | Summit Chapel schedules service
BY JANICE RAINEY JRAINEY@TRIBDEM.COM Summit Chapel United Methodist Church, 2142 William Penn Ave., Vinco, will hold a contemporary service at 6 tonight.
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Colver properties fetch several bids
A Colver woman is offering $10,000 for the abandoned but historic clinic near the village, saying she wants to rehabilitate it as a home and eventually a bed and breakfast.
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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.
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Success Stories | Exchange students take part in field trip
Six foreign-exchange students have participated in P.E.A.C.E. Student Ambassadors program.
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Ligonier Township man faces charges in credit-card thefts
A Ligonier Township man has been jailed for violating parole after he was charged with breaking into vehicles in Prince Gallitzin State Park in Cambria County and using credit cars pilfered from them.
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Man jailed on charges he punched, tried to rob pizza employee
A Portage man was jailed Monday on charges he punched a pizza man in the face and tried to steal his money bag.
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Kozora wins 49th Tidioute state fis.....
The 49th Annual Pennsylvania State Championship Fishing Tournament concluded Sunday with the crowning of the champion angler Greg Kozora of Cabot at 22.97 pounds.
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Shared purchase moves ahead
Officials from Nanty Glo, Northern Cambria and Patton were on hand in Patton on Thursday to view a demonstration of a boom-mower that all three municipalities are considering purchasing together.
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Cops probe East Taylor bank heist
Police from across the area are searching for the man they said robbed a 1st Summit Bank branch Thursday in East Taylor Township.
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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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