Albertson, NC Divorce Buyout in North Carolina
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 North Carolina, 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.
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| Albertson, North Carolina News |
Newton Grove's golf cart ordinance stalled temporarily
The town of Newton Grove has chosen, at least temporarily, not to pursue inclusion in existing legislation giving the town the right to regulate the use of carts within its town limits.
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New energy law will help farmers
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Poultry champion blocks change
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Report: State vehicle inspections a waste, need to be scrapped
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Car safety inspections called ineffective
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State asks schools to return $650K
In response to the state's growing budget shortfall, five area school districts will return nearly $650,000 in funding to the state's coffers.
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Swinsons celebrate 50th year together
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Kornegay, Overton to wed Jan. 10
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Bentonville hosting Civil War-era Christmas on Dec. 6
Mount Olive, Faison plan holiday parades for Saturday Duplin County, Calypso want to see Kornegay honored again Police looking into bomb threat at MOMS New Fire Department on the shelf Waffle House plans MO ...
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College to implement tobacco- free policy
Wayne Community College will join other state campus by adopting a tobacco-free policy in August 2009.
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Local legislators prepare to balance budget
There was little doubt among three re-elected state officials visiting Kinston on Wednesday that North Carolina is facing tough economic times.
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Gillespie keeps seat on Duplin school board
Incumbent Willie Gillespie turned back challenger Kraig Westerbeek in the race for the District 1 seat on the Duplin County Board of Education.
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BF Grady introduces new faculty
SCHS student a finalist for national FFA award Calypso VFD wins equipment grant Classic Cars gala in MO Casper, Reaves united in marriage Abrams promoted at Southern Bank MOC declares gala a smashing success ...
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Albertson trained for triathlon to motivate others
Published: Wednesday, October 29, 2008 at 8:26 p.m. Last Modified: Wednesday, October 29, 2008 at 8:30 p.m. Jason Albertson wouldn't call it a dare, but a 'challenge.' Photo Jason A. Frizzelle Jason Albertson ...
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Duplin Co. Sheriff's reports
THIS WEEK'S HEADLINES: Obituaries: Longtime MOT staffer dies at 69, Leonard Teachey, Grace Blades, James Holland, Linda Sills, Rebecca Austin, Skip Dimorier, Barbara Beasley, Rozell McLamb, William Singleton, ...
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Vehicle inspection fines raise $4.50
Yellow inspection stickers on windshields will soon be a thing of the past. That's because the N.C. Division of Motor Vehicles is doing away with them next month, as part of an $11.6 million program to ...
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Free Press and Chamber to host candidate forum
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One killed, seven injured in Pink Hill wreck
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Incident reports
The following incidents were reported to the Lenoir County Sheriff's Office and the Kinston Department of Public Safety: On Aug.
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Enrollment higher at WCC this fall
Preliminary fall enrollment numbers at Wayne Community College exceed last year's final count, officials said.
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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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