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Longwood, 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.

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Longwood, North Carolina News
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Agrees with hospital suggestion

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The sheriff of Brunswick County, John Ingram, leaned across the round conference table in his office as I was discussing with him the presence of a half-dozen drug "hot spots" in the county.


Women's conference set for Saturday

Raised in a family poisoned by addiction, Paula Gray-Slough of Shallotte saw things by age 10 that some 20-year-olds hadn't seen.


They Love Lucy at Silver Coast Winery

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Teen arrested for robbing sno-cone lady at gunpoint

Teen arrested for robbing sno-cone lady at gunpoint A Longwood teenager is in custody at the Brunswick County Detention Center, charged with armed robbery.


Coast Guard seaman pleads guilty to child pornography charge

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K-9 Enforcement team report

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Fire destroys home in Sunset Beach

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The Brunswick County emergency services director vows to collaborate with area fire departments to work on a pilot program for next year, now that commissioners approved a reduced amount of money to those ...


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Published: Tuesday, June 17, 2008 at 2:10 p.m. Last Modified: Tuesday, June 17, 2008 at 2:11 p.m. Summer meal sites Brunswick County's Summer Food Service Program is open to all children ages 1 to 18.


Crime report

Crime report Brunswick County Sheriff's deputies investigated the following incidents and made the following arrests last week.


Calabash fire service reaches out for interest

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Crime report

Leland Crime report Leland police officers investigated the following incidents and made the following arrests last week. via Brunswick Beacon


Dead Shallotte man's car found

Brunswick County authorities found the car Shallotte realtor Adam Bradshaw was driving when he disappeared. via WWAY-TV Wilmington


A chat with Brunswick County school board hopefuls

The primary election for the Brunswick County Board of Education is May 6. Following are the biographies and responses of the candidates vying for spots in the primary. via Myrtle Beach Online


Police Blotter: Authorities searching for missing woman

Published: Thursday, April 24, 2008 at 10:12 p.m. Last Modified: Thursday, April 24, 2008 at 10:12 p.m. Authorities searching for missing woman The Brunswick County Sheriff's Office is looking for a woman ... via StarNewsOnline.com


Families of Brunswick County crash victims struggle for answers

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Crossroads with staff writer Patrick Gannon Published: Monday, April 21, 2008 at 3:30 a.m. Last Modified: Monday, April 21, 2008 at 7:38 a.m. Johnathan Bernard Cedrick Daniels was born March 26, the son of ... via StarNewsOnline.com


Crossroads: 67 dead in two years

"Whose mother or father are they?"

Johnathan Bernard Cedrick Daniels was born March 26, the son of Thalia and Cedric Daniels of Longwood in Brunswick County. via StarNewsOnline.com


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