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Lumber Bridge, 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
| Lumber Bridge, North Carolina News |
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Directions to 71ST High School
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By ROSE CUSHING It's funny how life spins us around and the world changes in a blink.
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RS Chamber seeking golf sponsors for Oct. 2 event
The annual Red Springs Chamber of Commerce Invitational Golf Tournament will be held on Thursday, October 2, 2008, at the Scothurst Golf Course in Lumber Bridge.
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Melvin n Hardin Wed
Deidre Denise Melvin became the bride of Ronnie Dale Hardin Sr. on August 8, 2008, at 1 p.m. at the Robeson County Courthouse in Lumberton, North Carolina.
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Pilot Of Downed Plane Out Of Hospital
Hey, read the rules! The pilot of a single-engine plane that crashed on the front lawn of a home late last month in coastal Georgia is out of the hospital. via WITN
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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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