Clyde, 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
| Clyde, North Carolina News |
Church notes
Today The office of Long's Chapel United Methodist Church will be closed today and tomorrow in observance of Thanksgiving.
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Property transfers
King Cove Road: Kyle Ray Miller to Kyle Ray and Maria R. Miller, $0. Ardella Trail: Diane Casteel to Martin J. Ross and Ronnie Wilson Silvers, $23,000. Wilson Cove Road: Carroll and Joyce Boyd to Anthony and ...
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Man with gun arrested on HCC campus
CLYDE - A man was arrested Nov. 19 and charged with carrying a weapon on the Haywood Community College campus.
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Haywood County arrests, citations
Ryan Tyler Marsh, 48, 150 Fannie Mae Lane, Waynesville, was charged Nov. 18 with misdemeanor communicating threats.
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Don't throw out your used holiday cooking oil
When you're cleaning up after cooking Thanksgiving dinner, don't forget to save the cooking oil.
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Dinner & a Movie at ChathamArts' 100-Mile Sustainable Cinema Series
Showing Nov. 25 at the Pittsboro General Store Cafe at 7 p.m. Linda Booker's "Millworker," a documentary about the making of Ellen Bland and Drew Lasater's stage play based on Chatham millworker oral history ...
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Police looking for flasher
WAYNESVILLE - Police are looking for a man who twice exposed himself to pedestrians and drove away.
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Haywood County arrests, citations
Tiffany King Mintz, 37, 51 Rugrats Lane, Waynesville, was charged Nov. 10 with misdemeanor second-degree trespassing.
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Undercover drug sting in Maggie Valley leads to 3 arrests
Maggie Valley Police arrested three women today on charges that they sold illegal drugs to undercover officers at local businesses.
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Woman charged with threatening 10-year-old girl
CANTON - Kathy Renee Burnette, of North Main Street, was arrested Saturday and charged with two misdemeanor counts of communicating threats and misdemeanor assault on a child under 12.
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Haywood County arrests, citations
Ronald Lee Barbato, 21, 36 Locust St., Canton, was charged Nov. 4 with felony second-degree rape.
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Restaurant inspections
Sagebrush, 895 Russ Ave., Waynesville. Inspection: Sept. 2. Grade: 98. Comments: Need to replace some bake pans.
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Haywood Community Chorus presents 11th annual fall concert
The Haywood Community Chorus will present its 11th annual fall concert at 4 p.m. on Nov.
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Haywood County salutes veterans
From the monuments honoring veterans outside the Haywood County Courthouse and Canton's Town Hall to the big gun in Clyde, Haywood County isn't shy about paying tribute to veterans.
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Haywood County arrests, citations
Keith Lamar Medford, 51, 353 Camp Rock Road, Canton, was charged Oct. 28 with misdemeanor simple assault.
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Van crashes through art studio
Mike McWilliams * MMcWilliams@CITIZEN-TIMES.com * published October 29, 2008 12:15 am ASHEVILLE George Handy couldn't have picked a better time to eat supper.
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Program to help finance cost of heating fuel
Champion Credit Union and Peak Energy have announced a partnership to offer residents in five Western North Carolina counties the assistance they need to stay warm during the upcoming winter.
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40 years later, area Vietnam veteran gets his medals
Jim Buchanan * JBuchanan@CITIZEN-TIMES.com * published October 27, 2008 12:15 am CLYDE Some 40 years after he earned them, Larry Shelton has his medals.
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Haywood County arrests, citations
13 with felony fraud by worthless check. Released on a written promise to appear in court.
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Man shoots self on side of I-40
CLYDE - A man shot himself on the side of eastbound Interstate 40 in Haywood County.
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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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