Ararat, 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
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Responsible residents turn out in record numbers for this years elections. To area residents who are registering to vote in the November election.
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Pulling together
But Devin Bowman is fighting for his life, with family and friends rallying around him.
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Thomas Smith/The News Firefighters from the Ararat, White Plains and South Surry Volunteer Fire Departments battled a blaze Sunday Night located off Key Road near Little Mountain Church Road.
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Tax-free weekend spurs business
Thomas Smith Staff Reporter Shoppers and local businesses are taking stock after a hectic tax-free weekend ended Sunday.
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National Braille Challenge tests reading, grammar skills
Jordan Lynch, an 18-year-old Ararat, North Carolina, resident, beat 460 competitors for the chance to travel to Los Angeles, California, on June 28, 2008, to compete in a national competition against the top 60 ...
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"The one who states his case first seems right" T he late Ron Wyatt, a self-styled amateur archaeologist, claimed to have found Noah's Ark, the Ark of the Covenant, and the original stones of the Ten Commandments. via Christianity Today
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Local man files for state House
An Ararat man filed Friday as a candidate for a seat in the N.C. House of Representatives. via Mt. Airy News
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Youth badly hurt while drag-racing
"It could very well have been me or my family." Tom Joyce Staff Reporter A North Surry High School student was seriously injured Thursday morning during a "pre-arranged" drag race on Park Drive near Mount Airy, according to the N.C. Highway Patrol. via Mt. Airy News
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Man charged with murdering mother
The Surry County Sheriff's Office has charged a man with murdering his own mother. via News 14 Charlotte
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Surry Woman Dies In Apparent Domestic Violence Shooting
An elderly woman is dead in what seems to be a case of domestic violence. Sheriff's deputies responded to a residence on Nurse Road in the Ararat community of Surry County after a 911 call was made at around 9 ... via WXII12
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Dec. 22 Casino Cruise, Old North State Winery, 6:30 to 9:30 p.m. Admission is free. via Mt. Airy News
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Dec. 9 Miracle on 34th Street at the Andy Griffith Playhouse at the Surry Arts Council at 218 Rockford St. via Mt. Airy News
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Thursday Candlelight Christmas in Historic Rockford community. Holiday music includes Surry Central High School Eagle Ensemble, Rockford residents Gene Anderson and Betty McGurk, and Limestone College Music ... via Mt. Airy News
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Today, Thursday Christmas By Lamplight; turn-of-the-century Christmas celebration at Horne Creek Living Historical Farm. via Mt. Airy News
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Ararat man dies in single-vehicle wreck
"That's one thing we try to prevent." Tom Joyce Staff Reporter The death of an Ararat man in a single-vehicle accident Sunday marred what was otherwise a quiet Thanksgiving holiday weekend on Surry County highways. via Mt. Airy News
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Judge orders man off property for landfill
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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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