Manns Harbor, 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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| Manns Harbor, North Carolina News |
Year in Review: 2008 in North Carolina
As 2009 unfolds, we leave behind the events of 2008: a huge fire in and around a rural refuge and a timeless symphonic drama recovering from one.
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Audit letter recommends policy changes for Visitors Bureau
At its meeting last week, the Dare County Tourism Board received the report of the agency's annual audit results presented by Lisa Murphy, CPA, PC of Johnson, Burgess, Mizelle & Straub, LLP accounting firm.
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Reading for fun and dinner
Godley honored for years of service Suzanne Godley receiving a commissioned painting by George Cheesemen from Roanoke Island Festival Park Executive Director Scott Stroh, and Roanoke Island Commission Board ...
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Owner plans to raze historic Nags Head cottage
The historic Winslow cottage is slated for demolition after its owner was denied approval for renovations by the State Historic Preservation Office.
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NC prosecutor says no charges in children's deaths
A prosecutor says no criminal charges will be filed in the deaths of two Dare County children left in a car where temperatures reached 135 degrees in June.
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Old concept, new spin: 'Teacherage' opens in Dare County
Paul Spencer of Spencer Yachts and Jose Valdez of the Outriggers Corporation awarded $50,000 in donations to five area community outreach programs while they all enjoyed lunch at Hurricanes Mo's in Pirate's ...
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Outer Banks small town makes debut on big screen
SimpleViewer requires Macromedia Flash. Get Macromedia Flash. If you have Flash installed, click to view gallery .
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$1.3m grant brings proposed marina closer to fruition
Current use A traditional fishing village, Manns Harbor has made do for years with ramps near the bridge to access Croatan Sound.
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New police chief takes charge in Kill Devil Hills
Paddle battle Hardcore paddlers sprint to the water at the start of the Men's Longboard Division during the 15th Annual Surfrider One Mile Paddleboard Race held at the Ocean Bay Boulevard Beach Access in Kill ...
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The Carolinas
The U.S. Coast Guard rescued a Hilton Head Island father and son Saturday night when their 36-foot sailboat ran aground near the south jetty at the entrance of Charleston Harbor.
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Second toddler trapped in hot car in N.C. dies Saturday
An 18-month-old girl died after wandering from her home with her 2-year-old sister Friday afternoon, and the older sister died early Saturday morning, authorities said.
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N.C. neighbors recount frantic search, tragic discovery
Image 1 of 5 The inside of a neighbor's car in which two toddlers - ages 18 months and 2 years - became trapped and died in Manns Harbor, N.C. 446-2293, meghan.hoyer@pilotonline.com
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Social Services looking into deaths of two sisters in N.C.
Previous: Officials identify N.C. girls who died after being trapped in car Safety check - Never leave a child unattended in a vehicle, not even for a minute.
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One toddler dead, another taken to hospital following search
A search for two missing toddlers turned tragic, when one died at a Nags Head hospital.
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One Child Dead, Another Critically Injured After Being Found In Vehicle
Hey, read the rules! One child is dead and another critically injured in Dare County after they turned up missing this afternoon.
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Special Weather Statement
The strong thunderstorms will be near Buffalo City at 550 PM EDT... Manns Harbor at 615 PM EDT... Manteo at 630 PM EDT... Wanchese at 635 PM EDT.
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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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