Youngstown, 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
| Youngstown, Pennsylvania News |
3 held in robbery at Unity McDonald's
State police Monday had three people in custody after a robbery yesterday morning at the McDonald's restaurant in the Mountain Laurel Plaza along Route 30, near Latrobe.
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Child molester gets up to a year in jail
"Child molestation is the most heinous of all crimes," said the girl's grandmother at Stuart Wesley Zipay's sentencing Tuesday.
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News Briefs from November 7, 2008
Nathan C. Smith, 23, Ohio, was arrested around 3 p.m. Wednesday at The Medicine Shoppe, 419 Main St., Greenville, for burglarizing the pharmacy three times and stealing an unknown amount of prescription drugs, ...
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Professor Attends History Conference; Speaks to Local Rotary Club on Electoral College
Dr. Timothy Cuff , associate professor of history and a 1978 Westminster College graduate, recently attended the annual meeting of the Social Science History Association in Miami , and also spoke to the New ...
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Sheraden Parents Want Bus Stop Moved Away From Sex Offender
Parents of some Sheraden students are calling for a school bus stop on Merwyn Avenue to be moved because it's near a registered sex offender's home.
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Sharon wastewater treatment plant has new director
The Sharon wastewater treatment plant has a new director. Guy Cunningham of Sharon began work as project director Sept.
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Hearing continued for driver accused in mana s death
The preliminary hearing for a woman police said intentionally drove her car into a Sharon man who later died was continued Tuesday at the request of her attorney.
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Hating Obama
The base, at least as sampled exchanging insults with Obama supporters outside a McCain event in Youngstown, PA earlier this month, really, really hates Obama.
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Town shows economic woes weighing on election
In this corner of America known as the RV capital of the world, Todd Brink once made a good living producing the gleaming behemoths that cruised the nation's open roads.
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Troubles followed man held in Ligonier killing
William McMichael Jones and Anthony Blaine Mowry came from opposite ends of the social spectrum.
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News Briefs from Sept. 18, 2008
A charge against a Youngstown man police said failed to register as a sex offender in Pennsylvania, where he may have gained employment, is moving forward.
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Decisions of Westmoreland County judges
The following is a list of defendants charged with a first offense of driving under the influence in Westmoreland County criminal court.
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News briefs Aug. 26, 2008
A Youngstown man has been charged with failing to register as a sex offender in Pennsylvania, where he may have gained employment, police said.
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Youngstown man sentenced for firing shots at group of boys
A Youngstown man was sentenced Monday to five to 12 years for firing shots at a group of Farrell boys last summer.
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Fair season puts spotlight on food preservation
The corn is far past knee high, the farmers' markets are at their peak, and many gardeners are slicing fresh tomatoes to put out on the dinner table.
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Georgians in Westmoreland pray for war's end
Three natives of Georgia now living in Westmoreland County are praying that peace will return soon to their homeland following an outbreak of fighting against Russia.
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McCain's independence debated
After a string of ads attacking Barack Obama, John McCain has hit the airwaves with a television spot that aims to show his independence from the current administration.
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Obama makes town hall visit to Youngstown
Sen. Barack Obama spoke to a packed crowd of 2,500 Tuesday morning in Austintown Fitch High School, Youngstown, taking questions town hall-style from the crowd after an opening address centered on energy ...
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Chase driver draws time-served sentence
Yousef A. Adhami not only put police and the public in danger when he led police on a two-state chase Jan 7, he also set back the cause of Palestinians looking to make a life in the United States by claiming ...
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Ligonier Township residents seek DEP aid on water concerns
After recently replacing the liner in her swimming pool, Ligonier Township resident Terri A. Hughes wants more answers from the state Department of Environmental Protection.
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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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