Cedar Mountain, 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 Mountain, North Carolina News |
April Dawn Ledbetter, Dustin James Cox
Published: Sunday, October 19, 2008 at 4:30 a.m. Last Modified: Tuesday, October 14, 2008 at 10:06 a.m. April Dawn Ledbetter and Dustin James Cox were married on Saturday, August 9, 2008 at Fred W. Symmes ...
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Burnsville Town Scamper turns out record crowd
The fifth annual Burnsville Town Square Scamper 5K & Fall Foliage Stroll today brought out a record 275 runners and walkers to raise money for the Yancey County Schools Foundation, said race director Martha ...
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Tour de Falls is this weekend at DuPont State Forest
Friends of DuPont Forest will again sponsor the Tour de Falls, a 12-mile tour by shuttle bus to Triple Falls, High Falls, Bridal Veil Falls, and Lake Julia in the DuPont State Forest.
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Fatal wreck may stay a mystery
ASHEVILLE Investigators might never know what caused a woman to cross the centerline and strike an oncoming pickup truck, killing all three occupants of her vehicle.
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3 die in Henderson wreck
A two-vehicle collision killed three people Wednesday night in Henderson County.
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Waterfall wonderland
Visitors on a sunny day enjoy looking at Triple Falls, at DuPont State Forest. Here's the base of 120-foot High Falls in DuPont State Forest.
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Greg Kee's Scrapbook
The Choir from Rocky Hill Baptist Church will be presenting a Cantata to celebrate Christ's resuerrection.
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What's Happening
Call Sue Powell at 890-2901. n SIERRA CLUB: At 7 p.m. at the Unitarian Universalist Church, 24 Varsity St., Brevard, the Sierra Club will meet.
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YMCA offers retreat for families
The sixth annual Pretty Place Star Gazers retreat at YMCA Camp Greenville, Cedar Mountain, N.C., will be Sept.
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Mr. and Mrs. Martin Baty Culbertson
Mary Eleanor Hawkins and Martin Baty Culbertson were united in marriage Saturday, May 17, 2008, in Fred W. Symmes Chapel at Cedar Mountain, N.C. The ceremony was officiated by the Rev.
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SylvanSport wins product design award
Comments on Topix forums : CEDAR MOUNTAIN SylvanSport's GO Mobile Adventure Gear has been named as a Gold Award winner in the 2008 International Design Excellence Award competition co-sponsored by Industrial ...
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New businesses
Ten painters have formed a new cooperative called Land of Waterfalls Art Gallery.
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Hospital's new inpatient wing opens
Transylvania Community Hospital has opened its new inpatient wing. The 25,000-square-foot wing features 30 state-of-the-art inpatient rooms, designed with patients, their loved ones and care providers in mind, ...
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Cradle of Forestry announces contest winners
PISGAH FOREST - The Cradle of Forestry recently held its 15th annual Photography Contest, "Spring in the Appalachian Mountains" sponsored by Ball Photo of Asheville, the Cradle of Forestry Interpretive ... via Asheville Citizen-Times
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Agendas
Transylvania County Board of Commissioners will meet at 7 p.m. Monday in the large courtroom. via HendersonvilleNews.com
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Birth announcements
TRANSYLVANIA COMMUNITY HOSPITAL, Brevard A son to: n Adrienne Chaney and Shane Whitmire, of Brevard. via Asheville Citizen-Times
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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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