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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Zion Grove, 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
| Zion Grove, Pennsylvania News |
2 hurt as car overturns on I-81
Two Schuylkill County residents were hurt Sunday night in a one-car crash on Interstate 81 in Swatara Township, Lebanon County, state police at Jonestown said.
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Man Killed in Hit and Run
State police said a man was killed in a hit and run crash early Friday morning in Luzerne County.
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Police
Man charged with terroristic threats A Zion Grove man was arrested for allegedly assaulting and threatening a woman early Saturday in Black Creek Township.
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Tolls threaten $45B industry
Robert Inglis/The Daily ItemPennsylvania Farm Bureau Carl Shaffer talks during an anti-Interstate 80 tolling press conference Friday at his farm in Mifflinville, Columbia County.
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Interstate 80 tolls threaten $45B industry
Robert Inglis/The Daily ItemA crowd gathers Friday for a press conference in Mifflinville.
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Area girl is finalist in state competition
Alissa Hetherington, daughter of Scott and Linda Hetherington, of Zion Grove, is a finalist in the Pre-Teen Pennsylvania Academic and Enrichment Program, being held this weekend in Pittsburgh.
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PPL draws the line, lures a crowd
Sandy Rapach's backyard is a place where her animals live and her grandchildren play. So she was not happy to get a letter from PPL Corp. a few weeks ago indicating that a high-voltage power line might soon run through it. ''I don't know what they're going to do. I'm trying to find out right now,'' the Zion Grove resident said Tuesday evening as she stood before a pile of oversize maps detailing the proposed line's routes. ''I have my grandchildren there, and I'm worried about the environment.''
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Weston fire victims try to pick up pieces
By KELLY MONITZ Staff Writer Jennifer Kusek and Eric Croll sifted through what remains of their Weston home Tuesday morning, a day after a fire consumed the interior.
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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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© 2006 Somerset Investors Corp. All rights reserved. |