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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Aberdeen, NC Divorce Buyout in North Carolina
Since 1979 Somerset Mortgage Lenders 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.
Return to divorce buyout in the state of NC
| Aberdeen, North Carolina News |
Pilot Light: McGinnis Named to County Planning Board
The Moore County Board of Commissioners has appointed Thomas L. McGinnis, of Seven Lakes West, to the Planning Board.
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S.P. Police Charge Man in Robbery
Southern Pines police arrested an Aberdeen man Friday on an armed robbery charge.
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Thief deceives restaurant employee
A thief pulled a trick on a Rockingham restaurant employee walking away with $67 after ordering $1.59 worth of food, Rockingham police said.
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County Unemployment Rate Jumps
Moore County's unemployment rate rose significantly last month. The jobless rate jumped from 5.6 percent in May to 6 percent in June, according to the Employ-ment Security Commission of North Carolina .
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Aberdeen Police Tase 79-Year-Old
Aberdeen police Tased a 79-year-old man Tuesday who had been threatening to shoot a gas company worker.
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Cumberland County in top 10 for tourism dollars
Aug. 6--Tourists haven't been pinching all their pennies. Visitors to most counties in the Cape Fear region spent more money in 2007 than they did in 2006, according to a report released Tuesday by the North ...
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Tax-Free Shopping Under Way
Shoppers this weekend have reason to smile -- the North Carolina tax-free holiday begins today.
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Richmond Memorial Hospital teaches new parents the ropes
Pregnancy brings a host of questions, and FirstHealth Richmond Memorial Hospital sought to answer some of them Tuesday night.
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Man arrested for role in teen's death
A second suspect has been arrested in connection with the hit and run death of a 13-year-old on the morning of June 17 on U.S. 74 Business west of Rockingham.
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Storm Batters Part of County
High wind, heavy rain and lightning pummeled Moore County Tuesday and Wednesday, felling trees and causing sporadic power outages.
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Death Penalty Sought in Addor Murder
Justin Raynal Cotton will face a possible death sentence if convicted of robbing and killing a man in Addor.
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Restaurant Inspector Not Always Welcome
To the staffs at some restaurants, Percell Locklear Jr. is about as welcome as a bad tipper.
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Pilot Light: Planning Board Gets Two New Members
The Moore County Planning Board is getting two new members, and two current members will return to the board for an additional term.
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Death Penalty Sought in Addor Murder
Justin Raynal Cotton will face a possible death sentence if convicted of robbing and killing a man in Addor.
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Old West Sound: Cowboy Envy Comes to Aberdeen
"The next installment of Summer on the Porch in Aberdeen has something for everyone," says Janet Kenworthy, organizer.
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Two Women Arrested in Car Theft
The Moore County Sheriff's Department made a swift arrest in the case of a car reported stolen on Tuesday.
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Baseball Bat Murder Trial Date Set
The capital murder trial of an Aberdeen man accused of killing his wife with a baseball bat while she slept has been set for October.
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Woman Reports Furniture Theft
Nancy Jensen of Star had some friends help her load furniture for a delivery to Sanford.
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Building Inspector's Trial Delayed
A trial of forgery charges brought against a former Aberdeen building inspector was continued Monday in Moore County District Court.
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Weekend Storms Bring Flooding, High Winds
While Aberdeen firefighters were dispatched to several storm-related calls Saturday, water was flooding their department.
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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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