Calypso, 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
| Calypso, North Carolina News |
Cary Children's Choir Presents "Songs Of The Season"
The Cary Children's Concert Choir , under the direction of Roberta Thomason, will perform holiday favorites in many styles and include instrumental augmentation with hand chimes, claves, maracas and more! Read ...
|
With revaluation, Duplin Commission expected to discuss new taxes
Duplin commissioners are expected to adopt a new property value schedule and discuss a new tax rate during their regular meeting Monday.
|
Wayne County considers its options on land
A "mega-site" for new industries could be created if Wayne County commissioners agree to take an option on 89 acres of land off the U.S. 117 Bypass south of Mount Olive.
|
Duplin County names Kornegay, Grady to local Hall of Fame
Two Duplin County men, one living and one deceased, were praised Thursday night during the 13th annual Duplin County Hall of Fame awards banquet for making a lasting impact on the lives of county residents.
|
A walk to remember
The numbers were down, but the spirits remained high for the seventh annual Alzheimer's Memory Walk at Herman Park Saturday.
|
Market Day held in Faison
Town streets were filled Saturday as local residents snapped up food, crafts and other goodies at this year's Faison Market Day.
|
Lawsuit filed to halt Sampson zoning
A Duplin County environmental group has filed suit in Superior Court contesting the procedure Sampson County commissioners employed to rezone property for a proposed poultry litter-burning "incinerator" that ...
|
Fibrowatt opens doors to community concerns
On Tuesday, the company tried to set local residents' minds at ease with an Open House at the Faison Fire and Rescue building, where they explained what Fibrowatt plans to do and how environmental concerns will ...
|
Hobbton 20,North Duplin 6
Published: Friday, September 26, 2008 at 3:30 a.m. Last Modified: Friday, September 26, 2008 at 10:30 p.m. Calypso Akeem Cox's 70-yard touchdown in the third quarter got the Rebels within a touchdown, but ...
|
ND grad turned doctor says consolidation would be a mistake
Jon Kornegay about the Duplin County's Board of Education's decision to consolidate B.F. Grady, North Duplin Junior/Senior High, and James Kenan High.
|
Opposition growing to Fibrowatt plant
The longer it takes to resolve issues surrounding a proposed $200 million Fibrowatt biomass-fired power plant at N.C. 403 and Interstate 40 less than three miles from here, the stronger the opposition grows, ...
|
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 ...
|
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 ...
|
Calypso board says empty house must have sewer hookup
Jesse Williams, who lives in Maryland, said his family's home in Calypso is unoccupied and has been for some time.
|
Duplin school protestors challenge closure plan
School consolidation opponents say their presence at Tuesday night's Duplin County Board of Education meeting spoke loudly even though they were not allowed to speak.
|
Duplin County Votes to Consolidate Schools
More schools are consolidating in the east because of money. The Duplin County School Board voted to consolidate North Duplin and James Kenan High Schools into a bigger building.
|
North Duplin parents speak against closing
Storm clouds gathered over the Calypso Fire Station Thursday night while inside the mood darkened as a standing-room-only crowd of about 350 North Duplin Jr.-Sr. High School supporters protested the Duplin ...
|
North Duplin tapped for closure by school board
North Duplin Jr./Sr. High School supporters will gather tonight at 7:30 p.m. at the Calypso Fire Station to marshal their forces to oppose a move by the Duplin County Board of Education that would close the ...
|
Festivities planned for July Fourth holiday
If you plan on being on the streets of Mount Olive Friday afternoon around 4:30, be prepared to share the road.
|
Mount Olive Fourth of July celebration Friday
An old-fashioned Fourth of July complete with free food, games, entertainment and fireworks will be celebrated this Friday in Westbrook Park.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
|
|