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White Oak, 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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White Oak, North Carolina News
90-year-old puts driving instruction career into park

Cars change. Roads change. So do drivers. Dick Conover of Emerald Isle spent more than 20 years helping drivers 55 and older recognize and adjust to these changes.


Untreated solid waste leads to spill

Onslow Water and Sewer Authority is trying to figure out what to do with months worth of untreated solid waste that led a spill reported on Friday.


Local News, Weather and Sports for Wilmington, NC and the Cape Fear Region

Submitted by WWAY on 24 October 2008 - 2:46pm. READ MORE: White Oak at Ashley - Monday at 6:30 p.m. Jacksonville at West Brunswick - Monday at 7:00 p.m. South Brunswick at South Columbus - Monday at 7:00p.m. ...


Community Notebook

Onslow Parks awards banquet The Onslow County Parks and Recreation Department recently recognized the contributions and service of numerous key volunteers at its annual awards banquet.


Hoggard Tennis Team Stays Unbeaten; Post Season Starting To Take Shape

Submitted by Cape Fear Sport... on 3 October 2008 - 6:59am. Sports Hoggard defeated Ashley Thursday, and clinched the conference title.


Applause and Boos: Cheers to Stanley and ... Duke?

Published: Wednesday, October 1, 2008 at 4:30 a.m. Last Modified: Tuesday, September 30, 2008 at 10:04 p.m. On Thursday, Sept.


Church Happenings

FRIENDS/FAMILY DAY at Bethel Word Ministries, 1675 Halltown Road at 10:30 a.m. Sept.


Author of Civil War book to speak at library Sept. 24

Author Jack Travis will speak in the Stanback Auditorium of the Rowan Public Library at 7 p.m Sept.


Church Happenings

JACKSONVILLE AGLOW hosts a Missions for Kenya at 4:30 p.m. Aug. 30 at White Oak Community Church, 6181 New Bern Hwy.


Woods burn in Bladen County

The battle of yet another Bladen County woods fire ended dramatically Wednesday when one of the bomber planes used to drop water on the scene had to make an emergency landing in a field.


Park-and-ride plan proposed

Jackie Burris and her husband, Erich, live in the White Oak area of northern Haywood County not too far from the Tennessee border.


Charity a force for hotel

Apex is getting a $15 million hotel and its first convention center because a local pastor needed a steady source of money to build homes for poor people and a senior citizens center.


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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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