Alexander, 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
| Alexander, North Carolina News |
Arrests: Man charged with attempted arson
ASHEVILLE - Authorities Monday charged an Asheville man with attempting to light a residence on fire.
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Changing of the guard?
The past few years have been busy ones for the Buncombe County Planning Board, as the county's seen the advent of zoning, record growth and more than one controversial development-related issue.
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Tuesday arrests: Man charged with break-ins
Buncombe County Sheriff's deputies Tuesday charged an Alexander man with a pair of break-ins. Ricky Lee Dale Norton, 22, of Murray Debruhl Road, is charged with first-degree burglary, breaking and entering a ...
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Educators inducted into Rhododendron Society
William D. "Bill" Killian of Hendersonville, Peggy Badgett Rickert of Statesville and Judy Gibson Mays of Greensboro have been inducted into the Reich College of Education's Rhododendron Society at Appalachian ...
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Buncombe property transfers
The following transfers were filed in the Register of Deeds office July 28-Aug. 1. Alexander * Larry Wendall McMahan to Anthony Matthew and Julia Revon Moore, 835 Jenkins Valley Road, $177,000 Arden * Sprinkle ...
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Man charged with cocaine possession, fugitive warrant
ASHEVILLE Authorities Sunday charged an Asheville man with cocaine possession and a fugitive warrant from South Carolina.
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Hipp brothers offer peaches aplenty
From left, Harry and John Hipp attend to the peach stand. The Hipps are having a bumper crop this year with over 400 peach trees on two acres at the corner of Woodleaf and Jake Alexander.
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Locke Fire Department cited for serious, non-serious violations
The state's Occupational Safety and Health Division cited Locke Fire Department for two serious violations and one non-serious violation in the wake of the March fire that killed two Salisbury firefighters.
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Caldwell jobless rate increases to 7.6 percent
Nathan Key , Managing Editor A month after 92 counties in North Carolina had increases in their unemployment rates, 82 of them saw a jump again during June.
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Caldwell jobless rate increases to 7.6 percent
Nathan Key , Managing Editor A month after 92 counties in North Carolina had increases in their unemployment rates, 82 of them saw a jump again during June.
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Lawyers in NC trooper death case seek privacy
A sheriff says lawyers and man charged with killing a North Carolina Highway Patrol trooper can meet privately in the jail's library.
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Lawyers in NC trooper death case seek privacy
A sheriff says lawyers and man charged with killing a North Carolina Highway Patrol trooper can meet privately in the jail's library.
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Couple charged with possession of stolen radiators
ASHEVILLE An Asheville man and woman were arrested Monday on charges of trying to sell stolen radiators to a scrap dealer, according to warrants at the Buncombe County Magistrate's Court.
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Responding to an invitation
Q. Dear Sallie, Sarah in Knoxville had a question printed about not having received a response card with a fancy wedding invitation.
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Top Feature: Craft Fair is like 200 galleries coming at you
ASHEVILLE Downtown Asheville's busy sidewalks are more jammed than usual this weekend with the 61st annual Craft Fair of the Southern Highlands at the Asheville Civic Center.
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Weekly Weeders
The Blount-Bridgers House "Weekly Weeders," from left, Yan Jing Royal, Dana Alexander, Candis Owens and Jacksie Aycock are starting to reap rewards from the kitchen garden, now bearing the fruits of their ...
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Smoked out
Cruel Summer is a four-part series. To view key documents, photos and other materials, as well as subsequent installments , visit mountainx.com/cruelsummer . Dave Alexander, a 23-year-old cub reporter for the ...
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SBI probes death of Clyde man
Jon Ostendorff * JOstendorff@CITIZEN-TIMES.com * and Clarke Morrison * published July 6, 2008 12:15 am CLYDE The State Bureau of Investigation is looking into the death of a Haywood County man who stopped ...
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Jesse Helms: 1921-2008
Jesse Alexander Helms. AGE - Born Oct.18, 1921 in Monroe, N.C. EDUCATION - Monroe public schools; Wingate Junior College and Wake Forest College.
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Man charged with possession
The N.C. Highway Patrol charged an Asheville man with cocaine and marijuana possession.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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