Coats, 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
| Coats, North Carolina News |
Pinto joins Greensboro United Way
Ann Gainey Pinto , former director of primary care and behavioral medicine, LeBauer HealthCare, Greensboro, named VP of community investment, United Way of Greater Greensboro.
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United Way kicks off Christmas Bureau
What: Catawba County Christmas Bureau, a "store" for qualified families to shop for Christmas presents for their children Where: American Legion Fairgrounds off U.S. 70 When: Monday, Dec.
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Center collecting coats
Through Wednesday, The Center is collecting coats for all those who need to stay warm this winter.
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County economy bleak
SCOTT WALLACE/Cherokee Scout A group of recently unemployed workers watch a video presentation in the N.C. Employment Security Commission office in Murphy on Monday.
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Coats for the Children will be Distributing Coats
Fuquay Varina Elementary PTA and The Salvation Army partner together to bring coats to families in need.
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Harnett crash leaves families, friends mired in grief
On a lonely Harnett County road, five lives disappeared in a single violent moment -- canceling a wedding, stealing a young brother and sending two friends back to Mexico in a pair of coffins.
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Troopers name 5 killed by oncoming truck in NC
NC Tanker Collision,0135 Troopers name 5 killed by oncoming truck in NC Eds: APNewsNow.
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Five killed in Harnett road accident
Five people from the Raleigh area were killed and two others were injured in a multi-vehicle accident late Friday between Coats and Benson in Harnett County, the State Highway Patrol said today.
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Live United - a philanthropic strategy
Published: Sunday, October 19, 2008 at 4:30 a.m. Last Modified: Saturday, October 18, 2008 at 9:29 p.m. Part I: Give SPECIAL TO THE TIMES-NEWS Crystal Manning, left, and Griff Dowdy led United Way efforts at ...
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American Revolution soldier honored
CHINA GROVE a ' On a fall afternoon so gorgeous it appeared God himself was watching and smiling, they remembered Revolutionary War soldier Jacob Diel.
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Career moves
Energy group names 1st executive director The one-year-old Research Triangle Energy Consortium has named its first executive director: Vikran Rao, a materials scientist and engineer who worked more than three ...
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Sept. 4-13 Arrests Sharon Nett Austin, 44, of Fuquay-Varina was arrested Sept. 4 on charges of possession of a stolen vehicle, fictitious registration plate and possession of an open container.
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Aug. 21-30 Arrests Galen Rashee Durant, 26, of Fuquay-Varina was arrested Aug. 22 on charges of assault on a female, disorderly conduct, and resisting, delaying or obstructing.
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Wankey, Chase Andrew
Chase Andrew Wankey, stillborn son of Andy and Buffy Wankey, was called to heaven on Saturday, July 26, 2008.
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NC tax free items list
G.S. 105-164.13C authorizes a sales tax holiday in North Carolina. Sales and use taxes do not apply to the following items of tangible personal property that are sold between 12:01 A.M. on the first Friday of ...
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VW plant could be stimulus
Murphy Cherokee County is being urged to compete for automotive supply plants for the new Volkswagen plant that will be constructed in Chattanooga, Tenn.
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Durham 2, Syracuse 1
Josh Johnson's two-run bases loaded double in the seventh was enough for the Bulls to edge Syracuse 2-1 on Friday night.
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Sarah M. Arrington
Sarah Margret Mitchell Arrington, 85, of Coats, N.C., mother of Donnie Arrington and his wife, Georgia, of Fredericksburg, died Wednesday, July 2, 2008, at her residence.
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Sean's short, sad life shows system's flaws
Children's Home Society of North Carolina does significant business in government contracts.
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Forgotten victims of $4 gas: NC gas station owners
Fayetteville Some rural gas stations in the Cape Fear region have stopped selling fuel, and others are considering the move, because of the fees they have to pay credit card companies for each sale.
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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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