Winfield, 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
| Winfield, Pennsylvania News |
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WQSUdonates gifts to annual campaign
The WQSU radio station's window displays all of the toys that have been donated for the Toy for Tots Campaign.
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Classes, talks resume in South Butler
School officials report that the first day back to school after a teachers strike went well, as students returned to the classroom yesterday after almost four weeks off, counting weekends.
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Contract talks end for now in South Butler
According to negotiators on both sides of the South Butler County School District teachers' strike, talks are probably over.
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PennDOT to demolish three homes for Thruway
Wayne Laepple/The Daily ItemThese two houses on Attig Road in Monroe Township, Snyder County, along with another on Stetler Avenue, are to be demolished as part of the Central Susquehanna Valley Thruway ...
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Obama supporters in the Twin Tiers
Here's what supporters of Sen. Barack Obama had to say about their candidate: 'I voted for Obama.
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Group may fund $111M of Valley Thruway
The Appalachian Regional Commission on Wednesday could give the state Department of Transportation access to $111 million for the Central Susquehanna Valley Thruway.
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Friends group boosting interest in marina park
Tailer Campbell, 2, Sunbury paints a pumpkin during the second annual Fall Harvest Festival at the Marina of Shikellamy State Park on Sunday.
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$65M strip mall opens in Valley
Matt Harris/The Daily Item... , of the Selinsgrove Area High band, performs before a crowd Wednesday morning during the grand opening of Monroe Marketplace on Routes 11-15 in Hummels Wharf.
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$65M strip mall opens
Matt Harris/The Daily ItemDillon Brouse, a sophomore at Selinsgrove Area High School, plays the tuba Wednesday in front of Famous Footwear during a ribbon-cutting ceremony at Monroe Marketplace in Hummels ...
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Plan presented to increase Buffalo Creek access
As South Butler residents listened to a plan Thursday evening to increase public access to Buffalo Creek, some questioned how land owners could maintain privacy.
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Fairchild: Interstate 80 plan off mark
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Local business notes: Free food and more
Chipotle, the quick-service restaurant chain, will start dishing up its gourmet burritos, bols, tacos and salads at its new Airport Square restaurant at 801 Bethlehem Pike in the Airport Square Shopping Center, ...
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Mother Pauline group sponsors six children for diabetes camp
The Mother Pauline Visintainer Religious Foundation sponsored six children to attend diabetes camp this summer.
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Local business notes: Free food and more
Chipotle, the quick-service restaurant chain, will start dishing up its gourmet burritos, bols, tacos and salads at its new Airport Square restaurant at 801 Bethlehem Pike in the Airport Square Shopping Center, ...
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Man complains about renters on Marshall Street
A man speaking on behalf of a group of concerned Marshall Street residents appeared before the City Council on Monday night to see what could be done about disruptive neighbors.
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'Friends' enjoy the state park
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Route 522 to be closed for summer in Middleburg
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Winfield man faces rape trial
An 18-year-old woman testified Tuesday that fear kept her from running away from a Winfield man accused of raping her earlier this month behind a Routes 11-15 department store in Hummels Wharf.
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Families show support for sons, daughters, moms and others
"I should have been here at 11" Craig Houtz Lee S. Shulman, president of The Carnegie Foundation for the Advancement of Teaching, during the Penn State University College of Education Commencement at Eisenhower Auditorium on Saturday, May 17, ... via Centre Daily Times
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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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