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Divorce Buyouts
Debt Consolidation
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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.
Return to divorce buyout in the state of NC
| Albertson, North Carolina News |
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
At least 31 candidates for state, national and local offices have committed to appear at this month's "Meet the Candidates" reception.
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One killed, seven injured in Pink Hill wreck
One man was killed and were seven injured Monday morning when their farm truck collided with a tractor trailer.
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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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State conservation group honors Albertson
A North Carolina conservation lobbying group recently presented its annual Senator of the Year award to Sen.
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Albertson water project will soon get underway
A $1 million water well project for the Albertson community in northern Duplin County has required county commissioners to affirm residential water rates before the project can proceed.
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Duplin school board hears protest
Duplin County Board of Education members were taken to the woodshed Tuesday night by a succession of 13 speakers, each building on the comments of the person before them as they all shared one message -- for ...
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County approves $20 million plan for WCC projects
Wayne County commissioners Tuesday gave tentative approval to a proposed $20 million building project at Wayne Community College, but not before ensuring that the wording of their motion was sufficiently vague ...
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It's tax-free ... for a weekend
' Dreading that back-to-school shopping trip? Getting a jump-start on it could ease the family budget thanks to the state's annual tax-free weekend, which runs today through Sunday.
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Guns, nearly a kilo of meth seized
' Two men targeted through investigations into methamphetamine sales in Duplin County are now in custody after separate searches at their homes collectively yielded nearly a kilogram of methamphetamine, $30,000 ...
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James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
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James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
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James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
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James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
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James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
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James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
|
James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
|
James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
|
James Kenan School of Engineering saved by court ruling
Wake County Superior Civil Court Judge Ripley Rand Thursday ordered the Duplin County Board of Education to halt is pending closure of the James Kenan School of Engineering at Warsaw and to ensure that it ...
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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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