Colfax, 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
| Colfax, North Carolina News |
Beaufort County literacy volunteer awarded state medal
By CLAUD HODGES Newsroom Manager Pat Lurvey of Washington is a 2008 recipient of a North Carolina Medallion for outstanding volunteer service and is the Beaufort County representative of the award.
|
Postal worker honored for saving life
" People in the Triad recognized postal worker Tony Hood Monday for his actions that saved the life of a man in Colfax, N.C. Hood was delivering mail on Sept.
|
Triad Teamsters begin to rebuild
Workers clean up the site of the Teamsters Local 391 Hall in May after tornadoes ripped through the area.
|
High Point's premarket makes progress
Premarket, held here Sept. 15-16, continued its rebound from its low point two years ago, when it was suffering from low attendance and a lack of actual product on display.
|
Childress to chair 5k for Girl Scouts
Richard Childress has been named the honorary chair of a 5K run/walk planned for Saturday, Sept.
|
Crime Report
The District 1 Sheriff's Office has recently responded to the following incidents in NW Guilford County.
|
Crime Report
The District 1 Sheriff's Office has recently responded to the following incidents in NW Guilford County.
|
Developing Story: Biker Bar Shooting At Local Tavern
A shooting broke out Saturday Afternoon around 2:00pm. Investigators say the shooting happened at the Tavern in Colfax, NC.
|
"Weekend Best Bets: Wingfest " : Stories
The North Carolina Piedmont Triad's top go-to source for Arts & Entertainment news and views.
|
Short Orders: Ganache has new chef, new menu
Ganache Bakery and Cafe has a new chef, a new attitude and an updated menu. "It's artistically infused urban cuisine," says Chef Andy Furness who became the executive chef for Ganache about four weeks ago.
|
Crime Report for May 16, 2008
The District 1 Sheriff's Office has recently responded to the following incidents in NW Guilford County.
|
Officers honored for going beyond the call of duty
"We did what we were paid to do. If it was up to me, everybody out there that night would get the Medal of Valor." Police officers who do what they are supposed to do get quiet appreciation and respect from their peers, but the recognition rarely makes it outside the department. via News & Record
|
Trio of Potent Storms
A trio of storms across the country will be responsible for separate areas of severe weather today. via AccuWeather.com
|
Heavy Rain, Wind, Hail Douses Triad
Heavy storms moved across central North Carolina Thursday evening, leaving reports of damage and tornado activity. via WXII12
|
Possible twister hits NC
"Me and Allan hid behind a door, and I was holding on to his belt as tight as I could. Then in seconds it stopped" Emergency crews in North Carolina plan to assess damage Friday morning after a reported tornado killed one person and injured three others in central part of the state on Thursday night. via CNN
|
Tornado Rips Through N.C. Killing One
"It could have been much worse than it was." Damage is seen following severe weather on Sandy Ridge Road in Colfax, N.C., Friday, May 9, 2008.... Damage is seen following severe weather on Sandy Ridge Road in Colfax, N.C., Friday, May 9, 2008. via ABC News
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|