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Divorce Buyouts
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Autryville, 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
| Autryville, North Carolina News |
Fire & Police Briefs: Police searching for missing man, 67
Winston-Salem police were looking for a man who left his house yesterday afternoon and had not returned.
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Ex-teacher facing sex charges arrested again
An ex-teacher charged two months ago with having a sexual relationship with one of her former students was arrested again last weekend when police found her with the boy.
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Western towns get first look at N.C. 24 design
Photo by Chris Berendt Roseboro resident Mary Ann Hayes was one of several hundred people to visit Roseboro-Salemburg Middle School Thursday to look at design plans for the first phase of the N.C. 24 widening ...
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Former Teacher Accused Of Affair With Student
A former middle school teacher has been arrested in Clinton, accused of having sex with a 15-year-old student.
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Another meth lab found
"They're going elsewhere, all over the state, with their mules and bringing it back here." A methamphetamine lab, the seventh of the year in Sampson, was discovered following a search of a Hobbton Highway home Thursday, according to sheriff's officials. via Sampson Independent
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Authorities: Road rage was reason behind collision
N.C. Highway Patrol authorities say that "road rage" was the reason for a two-vehicle collision that sent a sport utility vehicle containing four children tumbling several times across a yard and into a tree ... via Sampson Independent
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Speed factor in Plain View wreck
The driver in a single-vehicle wreck in the northern part of the county Wednesday, which resulted in severe injures for him and his passenger, may be charged in connection with the collision, according to ... via Sampson Independent
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Gangs continues to be problem
"This has always been a quiet little town. We're finding out that, in the past six months, there have been problems not only here, but in Sampson County." Gang presence in Sampson County is no new story for local law enforcement, however to those in small towns within the county, the full impact that gangs can have may not be felt until it hits their very ... via Sampson Independent
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Feathers Weigh Heavy on Some Folks in Turkey Country
"It's very bad. It's very discouraging" Poultry trucks are really ruffling the feathers of some folks in Sampson County. via Wral.com
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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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