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Cedar Island, 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
| Cedar Island, North Carolina News |
Golden sea
A sunset works its magic on the calm waters of Pamlico Sound near Cedar Island. Just shot a great photo you'd like to share with Carolina Coast Online readers? We are interested in scenic and spot news photos ...
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Marine Corps holding informational meeting on bombing range
The Marine Corps will hold a public informational meeting Tuesday night on proposed action to expand the water-restricted area around the Piney Island bombing range when live-fire training is under way.
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Live-fire training topic for forum
The Marine Corps will hold a public informational meeting tonight in Carteret County on proposed action that would expand the water restricted area around the Piney Island bombing range when live-fire training ...
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Storm heading out of area
The wind has decreased, skies are clearing and the threat from a coastal storm has diminished, officials said.
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No major flooding reported with storm
A strong coastal storm approaching North Carolina is causing few major problems in the area, officials said.
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Ferry runs canceled due to weather
Due to high winds and water, the N.C. Department of Transportation's ferry division has canceled its afternoon runs between Swan Quarter and Ocracoke, Cedar Island and Ocracoke, and Cherry Branch and Minnesott ...
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Heavy weather expected through Thursday
High winds, heavy rain and possible flooding along the Neuse River are expected today and early Thursday as a storm system off the coast develops and moves toward the state, forecasters say.
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Carteret engineers wind turbine rules
Carteret County planners were hit with both praise and criticism this week as work continued on a draft ordinance that would regulate wind turbines and other tall structures in the county.
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Plan takes some flak
The County Planning Commission is due to take on the draft tall structures ordinance again Thursday, but a Down East property owner who has a proposed wind farm waiting in the wings says the newest setback ...
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A nice place to visit but ...
For the past 17 months or so - at least every time I tell people I moved back to Burlington from the coast of North Carolina - they tilted their heads and contorted their faces a touch.
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Look who's laboring
The Labor Day holiday is a time of relaxation for many, but in this tourism-dependent area, a significant portion of the population will be on the job Monday.
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New sanctuaries in N.C. reviving scallops threatened by rays
Breaking a link in the food chain may be the first step toward reviving a North Carolina scallop population decimated by millions of migrating cownose rays.
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Real People: Artist finds sanity in makeshift studio
They used to call it spinning a yarn. Charlie Upchurch calls it rambling. Whatever you call it, it's always entertaining when Upchurch gets going.
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One year later ... are bridges safer?
One year after the I-35 bridge over the Mississippi River in Minnesota collapsed, states across the nation continue to scramble to address bridge safety and sufficiency.
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Finding island's best chef makes afternoon delightful
The church bells chime twelve noon in the village and I am on my bike with a packed satchel for the afternoon.
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lighthouse hopes for makeover
Bodie Island Lighthouse is hoping for a makeover. The North Carolina lighthouse is one of 12 finalists in a competition to receive new windows and doors as part of JELD-WEN's lighthouse restoration initiative.
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Ferry schedule resumes Saturday
North Carolina's Ferry Division said the Cedar Island-Ocracoke schedule will return to normal Saturday.
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Carteret storm damage limited mainly to downed trees
"We were very fortunate this is just cleaning up to do; there's nothing that can't be taken care of with a chainsaw" Lisa Taylor-Galizia of Morehead City now knows three people and two dogs can all fit into the bathtub of her Brandywine Bay home. via Jacksonville Daily News
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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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"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
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