York, 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
| York, Pennsylvania News |
Group protests arrest of York man
About 10 people demonstrated today outside the office of a York County district justice in support of a man they say was wrongly arrested on drug charges.
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Discover mystique of historic buildings
Ah, the smell of a musty old house. There's nothing like it. Perhaps it was all the Scooby Doo episodes I watched in my youth that encouraged me to enjoy the mystique of historic buildings.
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41 displaced in York City fire
As onlookers stared agog at the size of a six-alarm fire that ripped through seven row houses in York City Monday, Tanikma Rogers watched her home and belongings burn.
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Rabbi: Fight with light
The way to move past the terror attacks in Mumbai, India, is not by fighting but by lighting, according to Rabbi Elazar Green.
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Hillary Clinton joins Obama's team of rivals
The woman who wanted to be president stepped up to a podium too tall, turned the microphones down and began by addressing the man who defeated her: "Mr. President-elect." With her words on Monday, Hillary ...
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Dog-toting motorcyclist passes away
Larry S. Geier Sr. Larry S. Geier Sr., best known for riding in parades and around town with his basset hounds on his motorcycle, died Sunday at York Hospital.
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NYC cathedral damaged in 2001 fire rededicated
African drums boomed and pipe organ music swelled as the Cathedral of St. John the Divine opened for worship Sunday after years of cleanup from a fire that struck the world's largest Gothic cathedral in 2001.
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A look at confirmed foreigner deaths in Mumbai
At least 174 people, including 18 foreigners, were killed after gunmen attacked 10 sites across India's financial capital starting Wednesday night.
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More training, more arrests?
In justifying why police officers need more training in detecting drunken drivers, George Geisler rattles off a bunch of statistics.
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Though robbed twice, fire victim grateful for York's generosity
In just five days, Hector Cosme has seen both grace and greed in York County. A six-alarm fire Nov.
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Some New Yorkers shrug off latest terror alert
Some New Yorkers say they have little choice but to ignore the latest warning that terrorists might want to attack the city's mass transit system.
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Friend mourns York City shooting victim
A makeshift memorial was placed on the curb near 458 E. Prospect St., where Greg Wright, 20, was shot and killed early Thursday.
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Thieves steal gifts from fire victims
York City Fire/Rescue Services Chief John Senft works with crews to battle a blaze Monday that damaged seven homes in the 300 block of East King Street in York.
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Clothing drive 'overwhelmed' with donations for York fire victims
A clothing drive for victims of Monday's fire on East King Street is being "overwhelmed" with donations, said Victoria Connor, spokeswoman for the York-Adams Chapter of the American Red Cross.
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NYers plan to protest rent-to-own company
A group of New Yorkers are planning to protest a local outpost of a rent-to-own company which they say takes advantage of inner-city residents. The group of residents have announced that they will march on Friday to the Rent-A-Center on Bedford Avenue and Fulton Street in Brooklyn where they will hold the rally. The group says the company leaves customers with large debts after enticing them with what they initially believe are deals on new appliances. Rent-A-Center Chairman Mark Speese tells the Daily News that customers can return items without incurring debt. He said the Texas-based company offers flexibility.
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Man shot in York
Dayle Barbour, left, and Jordan Andrews, 16, stand at a memorial to a slain York man hours after his death Nov.
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Opinion : 'A Day of Thanksgiving'
The national holiday actually began at a dark hour during our war for independence.
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Police: DUI crash causes bridge collapse
An alleged drunken driver ran into a steel bridge on Ridge Road at Bentz Mill Road in Washington Township, causing the bridge to collapse, state police in York reported.
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New Yorkers shrug off latest terror alert
Faced with a fresh warning of a possible terror attack on the city's mass transit system, commuters and out-of-towners responded Wednesday with a mix of resignation, bravado and something like a collective shrug. 'My whole life is riding the subway,' said Beth Maderal, 26, as she waited with her mother on a Brooklyn subway platform. 'If it's open, I am going to ride it.' Earlier Wednesday, federal authorities warned police of an unsubstantiated report that al-Qaida operatives discussed an attack on New York's subway system or rail lines like Amtrak and the Long Island Rail Road.
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East King Street blaze upgraded to six alarms
Heavy smoke is blanketing downtown York as firefighters continue to battle the spreading blaze in the 300 block of East King Street.
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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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