Zionsville, 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
| Zionsville, Pennsylvania News |
DUI reports for September 22
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Rally Around and Support the Troops
It was 1970, and Jerry Mohr of Emmaus had just returned to the States after two years of service in Vietnam.
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Shopping Scout - Sept. 2, 2008
LOOKING FOR Red Devil Lye Drain Opener: Barbara of Slatington is looking for Red Devil Lye Drain Opener.
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Allentown fairgoers Robert Kickline of Macungie, Ruth Stoudt of Zionsville and Dolly Kickline of Macungie sample recipes in the Hidden Valley Dressing "Fresh Taste for the Family" contest at the Allentown Fair ...
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In Your Congregation: May 31, 2008
ST. PHILIP ORTHODOX CHURCH, 1970 Clearview Road, Souderton, presents Dr. Niko Chocheli at 4:30 p.m. today, on Georgians in the Old Testament.
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Zionsville library offers adult reading program
The Hussey-Mayfield Memorial Public Library in Zionsville if offering Adult Summer Reading Program beginning June 5. SCI QUEST 2008 June 5 -- Aug. via The Indianapolis Star
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Shopping Scout - April 25, 2008
FOUND Wheelchair: Jane of Allentown has a lightweight wheelchair for Margaret of Walnutport. via The Morning Call
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Greenwich Township Berks County 2 Men Hurt in I-78 Crash; Highway Reopens
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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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