Kenly, 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
| Kenly, North Carolina News |
First graders tell how to cook turkey with stuffing
First graders tell how to cook turkey with stuffing By Cami Jo Narron, News Editor 26.NOV.08 If mom and grandma are looking for some help in the kitchen this Thanksgiving then they need look no further than our ...
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Tony Tetterton in front of campground sign.
You don't have to wait for leaves to change to know that winter or spring is coming Those who live along Interstate 95 don't have to see the leaves change to know that winter or spring is approaching.
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25.NOV.08 Kenly man fatally shot
Reginald Lee Witcher, 54, of 2349 Glendale Road, Kenly was fatally shot and a Johnston County Sheriff's deputy, J.K. Garner was injured last Saturday evening, said Tammy Amaon, spokewoman for the sheriff's ...
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Plans laid for new Pine Level Town Hall
The town of Pine Level has plans to build a new 7,685 square foot Town Hall. At the moment it's scheduled to be built on the land beside the big ball field at Sam Godwin Park on Highway 70-A. But the town board ...
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Plunge at pump might not lift holiday sales
Area retailers are certainly hoping that the recent drop in gas prices will make holiday shopping all the merrier, but for some area residents, less pressure at the pump isn't necessarily translating to more ...
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Low-Interest Loans Available for People Affected by Storms and Tornadoes
Johnston and Wilson county residents affected by the November 14th and 15th storms and tornadoes can apply for federal disaster loans.
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Two Deputies On Administrative Leave After Fatal Shooting
Two Johnston County Sheriff's Deputies are on administrative leave, following an officer involved shooting.
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911 Calls In Deadly Shooting To Be Released
A Superior Court judge has ordered the release of 911 calls related to the deadly shooting of a Kenly man.
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Thanksgiving after tragedy
There'd be no Thanksgiving, JoAnn Langley decided last week as she surveyed the wreckage along London Church Road.
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911 tapes to be released in Kenly shooting
A Johnston County judge on Wednesday ordered that 911 communications made the night two deputies killed a Kenly man be released at noon Tuesday.
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Kenly churches remember tornado victims
Every year, the night before Thanksgiving, churches in the Kenly area gather to hold what they call their community service.
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Judge seals 911 tapes in shooting by deputies
A Johnston County judge has blocked the release of tape recordings of calls made to 911 on Saturday just before sheriff's deputies fatally shot a man at his home in Kenly.
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Report: Man Did Not Fire Weapon Before Officer-Involved Shooting
An incident report released Tuesday suggests that a man shot in Kenly in an officer-involving shooting did not fire his weapon.
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Report: Slain man didn't fire at deputies
An incident report filed by Johnston County deputies doesn't support statements made by authorities that a Kenly man shot at deputies late Saturday before they shot and killed him.
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Questions linger after deputy-involved shooting
The Johnston County Sheriff's Office declined to comment Monday on the weekend shooting of a Kenly man killed by a sheriff's deputy, leaving more questions than answers for those who knew him.
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Death in the darkness
North Carolinians understand that November can bring scary weather -- killer tornadoes that strike in the dead of night.
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Witness blames lawmen in death
A Johnston sheriff's deputy fatally shot a man Saturday night near Kenly, officials confirmed Sunday.
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Deputy fatally shoots Kenly man
A man was fatally shot and a sheriff's deputy was injured Saturday night at a Kenly home, according to the Johnston County Sheriff's Office.
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Friends, family mourn 2 killed by tornadoes
Residents are picking up the pieces after tornadoes cut a path of destruction through several area counties.
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Federal aid available for victims of NC tornadoes
Homeowners and renters in several North Carolina counties affected by tornadoes earlier this month can now apply for federal assistance.
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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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"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
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