Gaston, 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
| Gaston, North Carolina News |
Gaston commissioners set to replace only woman, first black on county board
The Gaston County Board of Commissioners seat being vacated by Pearl Burris Floyd won't be filled until January.
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Mandatory boater education moves closer in North Carolina
Editor For Lake Gaston resident Pete Deschenes, getting mandatory safe boating education has been a labor of love for several years.
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In the Valley in December
The Roanoke Valley Farmers Market is open from 8 a.m. until 2 p.m., on Wednesdays and Saturdays.
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Northampton County honors veterans
Lake Gaston Gazette Northampton County honored veterans of all wars at a solemn ceremony held on Veterans Day, Nov.
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Gaston veterinarian decided to help animals when his own pet died
Dr. George Creed makes decisions and sticks to them. The determined man decided to become a veterinarian at the age of 6 and chose his future wife at 12.
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R.O.'s slaw so good two states try to claim it
There's no way we're going to let South Carolina take credit for our sandwich. That was the not-so-serious message Mark Hoffman, who manages R.O.'s Bar-B-Cue and its distribution center in Gastonia, had after ...
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In the Valley in December
The Roanoke Valley Farmers Market is open from 8 a.m. until 2 p.m., on Wednesdays and Saturdays.
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ICE reports increased deportations
Charlotte's long-awaited immigration court is now open. A two-judge court at 5701 Executive Center Drive opened Tuesday.
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Gaston sees lower test scores
Don't look at lower test scores as an indication that teachers didn't work hard and students didn't try their best, said Gaston County Schools Superintendent Reeves McGlohon.
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Valley events
Pittman Elementary School will host its annual Harvest Festival at 6 p.m., Friday, Nov.
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Man found dead on interstate in Gaston County
State troopers are trying to identify a man who was found dead early today on Interstate 85 near the Kings Mountain exit.
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Halifax County extends early voting
Prompted by heavy turnout and following the lead of the State Board of Elections, Halifax County will keep the early voting polls open Saturday until 5 p.m. Northampton County's Board of Elections voted not to ...
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Gaston elections board extends early voting hours for Saturday
Gaston County residents will have extra time to cast their ballots at one-stop early voting sites Saturday.
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Alternative Break trips expand to winter term
For four years, Alternative Spring Break has encouraged students to participate in a substance-free spring break by inviting them to engage in community service activities all across the world.
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Q&A with candidates for Gaston County Board of Commission
Allen Fraley, Age: 47 Occupation: Real estate broker/investor. Political experience: Elected to the Gaston County Board of Commissioners in 2004.
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IRS releases names of thousands with undelivered tax refunds
Herman Rednour said he started to expect his stimulus check from the government in June or July, when his brother received his in the mail.
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Valley events
Flu shots will be given from 4 to 6 p.m., Thursday, Oct. 30, at the Lake Gaston Community Center.
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Valley events
The Faison Senior Center will sponsor a fun day trip to the N.C. State Fair Senior Day on Tuesday, Oct.
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One-stop voting opens Thursday
The time to vote is fast approaching - only a day away for folks who want to cast their vote early.
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Valley events
The Adventurers of Lake Gaston Baptist Church will hold a fall and Christmas craft fair from 9 a.m. to 3 p.m., Saturday, Nov.
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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