Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

NC Divorce Buyout in North Carolina

Since 1979 Somerset Mortgage Lenders 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.

Local divorce buyout directory for NC :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Aberdeen Alliance Ararat Atlantic Beach
Advance Almond Arden Aulander
Ahoskie Altamahaw Ash Aurora
Alamance Andrews Asheboro Autryville
Albemarle Angier Asheville Avon
Albertson Ansonville Atkinson Ayden
Alexander Apex Atlantic Aydlett
Alexis Arapahoe

Return to our divorce buyout page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

North Carolina News
FBI: 'Interstate Bandits' Strike Again

The FBI says two bank robbers known by authorities as the "Interstate Bandits" have struck in Raleigh, where they jumped a counter and grabbed money from cash drawers.


ALE agents cite 20 clerks for tobacco sales to minors

During the month of April, May and June, N.C. Alcohol Law Enforcement agents checked 72 retail establishments in Bertie, Chowan, Gates, Martin, Nash and Washington and cited 20 store clerks for selling tobacco ...


Liberty wins big

Liberals,who hateguns almostas much as they hate cars, got a well-deserved lesson in Second Amendment rightswhenthe Supreme Court spit in their face by ruling that the Constitution really does guarantee the ...


Fuel costs hurting NC's fishing industry

The News & Observer of Raleigh reported Tuesday that fisherman can't earn enough from their haul to pay for the fuel to go to sea.


NC Catholics seek to expand policy advocacy

North Carolina's Roman Catholic leaders are ready to expand the church's voice in matters within state government.


Cells in Blood May Help Cancer Spread

Normal cells in the blood that play a role in healing wounds may also be creating the right conditions for cancer cells to spread, U.S. researchers said on Tuesday.


Driver's license issuance changes start Tuesday

The North Carolina Division of Motor Vehicles has a new method to issue driver's licenses as a way to stop fraud and identity theft.


Anti-Bullying Bill Goes Through NC Legislature

A statewide policy aimed at stopping schoolyard bullies is headed to a special joint panel, after House lawmakers on Wednesday rejected a Senate version that removed a list of potential victim characteristics ...


Senate to consider making noose displays felonies

Senators are poised to vote on a plan that would make hanging a noose a felony crime if it was done to intimidate someone.


Travel group: July 4th traffic won't increase

AAA Carolinas is forecasting that July 4th holiday traffic won't increase in North Carolina and South Carolina over the prior year for the first time since 2001.


Easley: High travel bills necessary

Gov. Mike Easley said he wishes trips overseas weren't so expensive, but that high travel bills are necessary if the state hopes to land big exhibits or recruit new business.


Top Legislative Leaders Now Working On NC Budget

The top leaders in the North Carolina House and Senate are trying to resolve the major sticking points remaining in the negotiations over a state budget plan.


House bill bars sweepstakes-style video games

Comments on Topix forums : RALEIGH House members say there's a loophole in the state's ban on video poker that needs to be closed.


New chancellor takes over at North Carolina

The new chancellor at the University of North Carolina started his first day on the job Tuesday with an early breakfast with students.


Pharrell: Growing skin is in

Laser tattoo removal? That's so yesterday, according to Pharrell Williams . The hotshot rapper and producer has decided to have new skin grown in a test tube just so that he can change his tats.


NC legislators keep negotiating on budget

State House and Senate leaders resumed work Monday on hammering out a budget for the new fiscal year that begins Tuesday, with negotiators still skeptical about Gov.


N.C. Lottery Meets Education Funding Goal

After getting off to a slow start, the North Carolina lottery has met lawmakers' money making expectations for this year.


NC Gov. Mike Easley and his wife Mary.

Gov. Mike Easley's wife took a pair of overseas trips in the past two years to visit museums in Europe -- trips that cost taxpayers $109,000. The News & Observer of Raleigh reported Monday that Mary Easley ...


Thorp to take over at UNC-Chapel Hill

Holden Thorp is ready to take over as chancellor of the University of North Carolina at Chapel Hill.


Report details shooting death of NC student leader

The slain student body president at the University of North Carolina likely raised her right arm to protect herself from a single shotgun blast that tore through her hand before striking her in the head, ...


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)