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Divorce Buyouts
Debt Consolidation
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Orviston, 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
| Orviston, Pennsylvania News |
Hillary Clinton to Visit Berks Co., Lehigh Valley
The Hillary Clinton campaign has announced that the Democratic presidential candidate is scheduled to make stops in Berks County this weekend. via WFMZ
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Brown meets U.S. candidates
"Iran has not told the truth to the international community about what its plans are." Protesters inject Tibet into U.S. politics PA Votes '08: Blog: The race today Complete coverage of politics in Pennsylvania SAVE AND SHARE Posted on Fri, Apr. via Philly.com
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Going all-out for Clinton
"This is the most meaningful thing I could be doing right now." If Pennsylvania voters are wondering whom Gretchen Baer supports for president, all they need to do is check out what she's driving. via Easton Express-Times
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Clinton, Obama Debate Days Before PA Primary
"If the nominee what will you do if these are played over and over on TV?" It's getting down to the wire. Last night, Hillary Clinton and Barack Obama made one of their last presidential pitches to the people of Pennsylvania. via WFMZ-TV Allentown
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Tour shows land's worth
"The central Appalachians (are) probably the most significant temperate hardwood forest in the world" Jenny Seller, left, of the Nature Conservancy and Coleen Reamer, of Hamiltonban Township, look over the more than 2,500 acres of land preserved by a sale of Glatfelter land in Adams County to The Conservation ... via The York Daily Record
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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