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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 :
Palm Pennsburg Pittston Port Clinton
Palmerton Pennsylvania Furnace Plainfield Port Matilda
Palmyra Penryn Pleasant Hall Port Royal
Paoli Pequea Pleasant Mount Port Trevorton
Paradise Perkasie Pleasant Unity Portage
Parker Perkiomenville Pleasantville Porters Sideling
Parker Ford Perryopolis Plumsteadville Portersville
Parkesburg Petersburg Plumville Portland
Parkhill Petrolia Plymouth Pottersdale
Parryville Philadelphia Plymouth Meeting Potts Grove
Patton Philipsburg Pocono Lake Pottstown
Paupack Phoenixville Pocono Lake Preserve Pottsville
Paxinos Picture Rocks Pocono Manor Poyntelle
Paxtonville Pillow Pocono Pines Presto
Peach Bottom Pine Forge Pocono Summit Preston Park
Peach Glen Pine Grove Pocopson Pricedale
Peckville Pine Grove Mills Point Marion Prompton
Pen Argyl Pineville Point Pleasant Prospect
Penfield Pipersville Polk Prospect Park
Penn Pitcairn Pomeroy Prosperity
Penn Run Pitman Port Allegany Pulaski
Penns Creek Pittsburgh Port Carbon Punxsutawney
Penns Park Pittsfield

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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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