Alamance, 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
| Alamance, North Carolina News |
'History is unfolding right in front of our eyes': Alamance Dems watch Obama acceptance speech
"This is a party," N.C. House candidate Henry Vines said. "Let's celebrate." Vines and the rest of the speakers at the watch party proudly exclaimed their energy about the opportunity they said was coming.
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Alamance Chorale welcomes new director
Daniel Privette got the call a few months ago. Steve and Mary Ann Van Pelt, co-presidents of the Alamance Chorale, were wondering if Privette knew of anyone who might be interested in directing the volunteer ...
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The Alamance Scene: Trucking company celebrates 27th anniversary
Richmond Trucking Co. will celebrate its 27th year in business at 2 p.m. Saturday.
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Average SAT score up for Alamance-Burlington Schools
The average SAT score for students in the Alamance-Burlington School System increased from 2007, but remains lower than it was in 2006.
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So far so good: First day running smoothly for Alamance-Burlington Schools
The Alamance-Burlington School System started the 2008-09 school year Monday. Jenny Faulkner, a school system spokeswoman, said the Alamance-Burlington Schools started the year with more than 22,700 students.
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Alamance stays in 'severe' drought
Tropical Storm Fay was a system that many had hoped would impact North Carolina, particularly the western part of the state.
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Student's sentence stings, but no jail term in DWI death
A former N.C. State University student who ran over and killed a bicyclist as he drove home drunk from class on his 21st birthday will not be able to drink or drive for three years, but avoided prison.
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The Alamance Scene: Protect horses against rabies
The Miles Family Reunion will be held at 2 p.m. Sunday at the Mebane Arts Center.
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Cummings NC Preps Preview
Cummings is coming off an 8-6 2007 campaign. The Cavaliers will return 20 lettermen, including 5 starters on offense and 3 on defense.
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The Alamance Scene: GOP opens county headquarters Sunday
Call 222-8289. A Convention Watch Party is scheduled for Democratic Headquarters, 122A N. Main St., Burlington, at 7:30 p.m. Aug.
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Alamance case could impact other health departments in state
Doctors around the state say a growing fervor over illegal immigration may scare illegal immigrants away from seeking health care and create a public health threat.
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The Alamance Scene: Old-fashioned Farmers Day
Eastern Alamance Class of 1971 is planning a reunion for Fall 2008 and is trying to get in touch with class members.
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Community college decision would likely have little impact in Alamance County, officials say
The state's delay in deciding the fate of illegal immigrants attending community colleges likely wouldn't change procedures at Alamance Community College one way or another.
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The Alamance Scene: Shake shake shake, shake your diaper
The Democratic Women will meet Tuesday at 6 p.m. at Occasions. The two Obama organizing fellows for the area will speak.
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Mrs. Ada Sayers Hicks
Mrs. Ada Sayers Hicks, age 92, formerly of Burlington, passed away Friday, August 8, 2008, at Rehabilitation and Healthcare of Alamance.
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The Alamance Scene: Donate a book for the library fund-raiser
The Saul-Satterfield reunion will be held Sunday at Bethlehem Christian Church Fellowship Hall.
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Three charged with breaking into cars
Three Charlotte men have been charged with breaking into multiple cars at Dan Nicholas Park.
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Second Chance Expo helps dropouts back to school
A Second Chance Expo held by the Alamance Council for Dropout Prevention will help high school dropouts explore ways to return to school.
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Thieves Target Cars At Alamance Crossing
Pocketbooks, GPS systems, and a dashboard tv and speakers. Thieves broke into vehicles and took those items at Alamace Crossing.
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School system fills assistant principal, central office positions
Seven schools in the Alamance-Burlington School System got new assistant principals this week, and the Alamance-Burlington Board of Education also filled two central office administrative positions.
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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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