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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
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Youngwood, 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
| Youngwood, Pennsylvania News |
Project helps Hempfield Scout earn wings
On a misty Saturday morning, more than half a dozen Boy Scouts, leaders and family members took turns kneeling in the mud in front of the building housing the Westmoreland County Special Olympics cycling ...
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Jeannette man charged in shooting death of cousin
A Jeannette man has been charged with criminal homicide in the shooting death of his cousin on Thanksgiving night.
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Source of odor probed in Youngwood
Emergency crews worked Thursday to identify the cause of a natural gas-like odor detected in a small residential area behind Hepler's Hardware in Youngwood.
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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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No grinches in hiring here
Despite the financial crisis that has forced some stores into bankruptcy, Pittsburgh-area retailers say there has not been a drop-off in hiring extra employees for the holiday season.
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Pools fare well
Although summer may seem like a distant memory, the season's pleasant weather and help of volunteers may have saved a few community pools that were facing dire financial straits this year.
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Fire at former auto body shop under investigation
North Huntingdon officials are investigating the cause of a fire Saturday at the former site of Straw Pump Auto Body Panels.
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Ward wins Senate race to replace Regola
After months of acrimony between 39th senate district candidates Kim Ward, R-Hempfield and Anthony Bompiani, D-Hempfield voters chose Mrs.
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Fire damages Youngwood concrete plant office
The cause of an office fire Wednesday at a concrete production facility in Youngwood is being investigated.
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Westmoreland Man Drives 16 Hours From Oklahoma To Vote
A Westmoreland County man does not take his right to vote lightly, so he traveled from Oklahoma to Youngwood to cast his ballot in Tuesday's election.
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'Believers' open to alien possibility
Spaceships and talking ghosts. Apparently, it's a matter of believe or not. And it appears that most of the people who attended Saturday's Paranormal-UFO Conference at Westmoreland County Community College near ...
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Westmoreland County electing new state senator; Pippy faces challenge
Republicans will not lose control of the state Senate. However, there will be a new senator from Westmoreland County.
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Three guns found in wrecked van after police chase
A Youngwood man remains in critical condition after leading Jeannette police on a chase that ended when he wrecked his van early Sunday morning.
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Conference Guests Offer Ghost Hunt Tips
Several attendees of the Paranormal-UFO Conference near Youngwood, Pa., say they know the best ways to hunt down and witness a ghost.
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Hempfield club owner to stand trial in assault
A Hempfield nightclub owner will stand trial on a charge she refused to allow medical treatment for a patron injured after he was allegedly attacked by the bar's bouncer.
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Couple seriously injured in 2-vehicle collision in Youngwood
Two people were seriously injured in a two-vehicle accident in Youngwood. The accident occurred at 8:15 p.m. Wednesday at the intersection of Fourth and Hillis streets in the borough, according to Westmoreland ...
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Women hosting business growth event
Women entrepreneurs and executives will discuss innovation as a key to business growth during a program from 9 a.m. to 1:30 p.m. Tuesday at Westmoreland County Community College, near Youngwood.
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Shuttle bus loop pondered for Greensburg
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ValleyLINK ready to roll
A new expanded transit service linking much of the Valley to key sites in Rostraver Township will be unveiled Nov.
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Political cover-up on Election Day?
A literal political cover-up will play out in parts of Western Pennsylvania on Election Day.
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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