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Yukon, 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
| Yukon, Pennsylvania News |
Veterans Day observances
The following Veterans Day observances are scheduled: Sunday * A Mass honoring all veterans, especially those on active duty, will be celebrated at 9 a.m. in Seven Dolors Church, 102 Center St., Yukon.
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'Omelet King' gets lasting tribute
Rudy Stanish's masterpieces may have been ephemeral, but now stained-glass artist Terry Bengel has created a more permanent tribute to Western Pennsylvania's favorite cook.
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Yukon man faces trial in ex-wife's death in Mt. Pleasant Township
Minutes after a Yukon man allegedly shot and killed his ex- wife, he told a neighbor, "I can't believe I just did that," a Mt.
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Westmoreland Co. Man Sentenced For Molesting Girl
A Westmoreland County man has been sentenced to more than 30 years in prison for molesting a girl for several years.
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Yukon woman killed in East Huntingdon crash
A 44-year-old Yukon woman was killed Sunday in a two-vehicle crash on Route 31 in East Huntingdon Township.
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Donations sought to repair damaged dugouts in Yukon
Fundraising efforts are under way to replace two dugouts at the Lions Club Field in Yukon, damaged by strong winds on Mother's Day.
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Preserved farmland acreage expanded to include 4 in Westmoreland
"Pennsylvania's farmland preservation program leads the nation, allowing production agriculture to remain a viable industry in the state" The Pennsylvania Farmland Preservation Bureau announced Thursday that it has preserved more than 3,500 farms since 1988 -- including 66 in Westmoreland County. via Pittsburgh Tribune
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Murrysville conservancy group plans zoo fundraiser
"The students brought different perspectives, creativity, and fresh energy and insight to our publicity effort" A Murrysville group is sponsoring Conservation Connection at the Zoo. The event is a first for the Westmoreland Conservancy. via Pittsburgh Tribune
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Vacation in space no flight of fancy
"As always, I remind people it's a whole lot easier to draw these things than to make them" Without having $20 million to blast off into space, those of us bound to the ground can only dream about the possibilities for vacations, weddings or other adventures elsewhere in the galaxy. via PittsburghLIVE.com
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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