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Cherry Point, 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.

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Cherry Point, North Carolina News
Group seeks study on handling military growth

The Military Growth Task Force staff is expected make a recommendation to its board next week on who can best do a detailed seven-county study for growth planning.


Church to give away toys for the needy

By Ken Buday Freedom ENC HAVELOCK - What began as a way to help hurricane victims has become a Christmas tradition at Cherry Point Church of Christ.


Volunteer stays active at 71 despite knee surgery

Athletes take a seat on the bench with a sprained ankle or a muscle tweak. Donald Monk doesn't let knee replacement surgery slow him down.


In tough times, Havelock still giving

Even in this tough economy, people around Havelock still seem to find a way to give to others.


Marines make a difference at RCS

Cherry Point Marines were chopping, sauting, dicing, mashing and baking Thursday morning at the Religious Community Services dining hall preparing a Thanksgiving lunch for those who came.


New Aecom Orders Worth Nearly $180 Million

Aecom Technology Corp. said Tuesday it received three contracts worth $163 million from the U.S. Air Force, plus a separate smaller contract in Saudi Arabia.


City won't allow dogs on planned walking trail

There will be no dogs allowed on the recreational trail planned the city's recreation complex.


Fire training for ILM crews

Published: Tuesday, November 25, 2008 at 12:48 p.m. Last Modified: Tuesday, November 25, 2008 at 12:53 p.m. Flight delays and lost luggage may be on the minds of the flying public.


City of Havelock and ACT recognized at commissionersa meeting

Havelock and Allies for Cherry Point's Tomorrow were recognized by the North Carolina Coastal Land Trust on Monday with conservation awards.


Havelock man arrested on weapons, drug, robbery charges

Havelock police arrested a man Saturday on multiple drug, weapons and robbery charges, according a release from the city.


Board to discuss dogs at recreation complex

Havelock commissioners are expected to hear an update on the possibility of allowing dogs on the planned walking trail at the Havelock Recreation Complex during their meeting Monday night at City Hall.


Wives, children see deployed Marines through satellite

James Tiffin played peek-a-boo with his son Friday morning. It somehow didn't matter that he was in Iraq while his 19-month-old son Stetson was in Havelock.


Craven commissioner named to national health board

Craven County Commissioner Lee K. Allen has been elected the Southeast regional director of a national association tasked with minding public health.


NEWS / NOTES

The Disabled American Veterans Auxiliary will be meeting on Nov. 22 at 11 a.m. DAV meeting The Disabled American Veterans will have its November meeting on Nov.


Two women hurt in collision on U.S. 70

Two women were taken to separate hospitals Tuesday evening after their vehicles collided on U.S. 70 East near Camp Kiro Road.


Report: More teachers, housing needed to handle military growth

Eastern North Carolina has a big task in front of it to prepare for the future influx of Marines, various civilian workers and their family members as part of a military buildup in the region.


Memories

I enlisted in the Marines in July of 1977, as a peacetime vet. I really did not think too much of it.


Forward element of aircraft wing to be activated

The 2nd Marine Aircraft Wing is scheduled to take another step toward deployment with an activation ceremony Friday of the forward element of the wing, according to a release.


More than 500 luminaries represent veterans' lives and stories

As the sun set and luminaries lit the east side of the Craven County Courthouse on Tuesday, a retired Marine major general asked a small crowd to reflect on the people and stories the candles represented.


FRC East wins state award

Fleet Readiness Center East at Cherry Point won the Greater Good Award Monday night in Raleigh from the organization Sustainable North Carolina.


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