Orrtanna, 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
| Orrtanna, Pennsylvania News |
Orrtanna teen's garden project spruces up old school
Cori Steimling, of Orrtanna, recently built a children's nature garden at Franklin Township Elementary, where she went to school.
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Ceresa Y. Myers and Daniel H. Moritz
Christine Shearer of Fairfield and Barry and Debra Myers of York Springs announce the engagement of their daughter, Ceresa Yvonne Myers, to Daniel Hanson Moritz, son of Steven Sr.
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Deer cause multiple accidents
State police at Gettysburg responded to two reports of deer versus vehicle accidents Friday evening.
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Public record for Monday, Oct. 13, 2008
The man's 1987 Ford F150 pulled out of a parking lot to head west on Route 30 and struck a guard rail.
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Indie film is about life along 'Route 30'
By KATE COLEMAN Kate Coleman John Putch brought friends to southcentral Pennsylvania last fall for 18 days of filming for 'Route 30.' Among the cast were Dana Delany and Kevin Rahm of 'Desperate Housewives' as ...
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Economic worries left at the gate at apple festival
Area vendors continue to do good business with large crowds at the National Apple Harvest Festival in Adams County.
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Green community hosts open house
Hundredfold Farm in Orrtanna, just west of Gettysburg, will hold its annual open house from noon to 5 p.m. Oct.
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Adams County Heritage Festival celebrates unity
Thomas Jolin, of Orrtanna, watches as Ben Berger, 9, of Gettysburg, tries to play the Bowed Psaltery during the Heritage Festival at Gettysburg Rec Park last year.
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LATEST - Girl flown to hospital after Cashtown crash
A 19-year-old girl was flown to York Hospital after a crash that occurred shortly before 4 p.m., Tuesday in Cashtown.
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Police log
FOUND: A men's 18-speed Magna Equator bicycle was found around 4:30 p.m. Aug. 11 at 99 Limekiln Drive, Chambersburg Police said.
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Couple puts Hanover winery in the works
The patio to the rear of Cindy and Steven Sterner's home on High Rock Road looks out onto the woods, where shade prevails and deer tread near the backyard.
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Hardware, since 1864: Tanger's closes shop after 144 years
Dave Westhafer, right, a 13-year J.C. Tanger & Son Hardware and Building Supplies employee, known as "Westy" to regular customers, fills out a receipt for Marshall McMullen, left, a subcontractor from Orrtanna.
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Briefly on Sunday, Aug. 3, 2008
Municipal police departments throughout southcentral Pennsylvania will be part of a two-week statewide effort to crack down on the decreased use of seat belts after dark.
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Pack a trunk for Mr. Ed's Elephant Musuem
Ed Gotwalt, proprietor of Mr. Ed''s Elephant Museum, received his first elephant as a wedding gift in 1967 and began collecting anything related to the animal ever since.
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Briefing
A Bucks County priest has been named in a sexual-abuse complaint and removed from duty while the church investigates.
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No death penalty for Fairfield man
Adams County District Attorney Shawn Wagner will not pursue the death penalty against a Fairfield man accused of murder.
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DA: No death penalty in Pa. campfire stabbing
Prosecutors in Adams County say they will not seek the death penalty against a man charged with stabbing a teenager to death and setting his body on fire.
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Touring Gettysburg: French woman visits ancestor's home town
Greg Buchheit, left, and Sandrine Dehlinger, both from France, watch one of the films in the visitor center during their visit to Gettysburg Monday afternoon.
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Police log
CAR COLLISION: A Mercersburg woman was injured in a two-car accident at 5:31 p.m. Thursday on Buchanan Trail West a mile west of Greencastle.
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Tucker Lee Forbes
Tucker Lee Forbes, son of Jonathan Lee Forbes and Michelle Petit was stillborn on July 9, 2008.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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