Millers Creek, 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
| Millers Creek, North Carolina News |
Christmas in Wilkes Deadline Extended
Christmas in Wilkes has extended their deadline for turning in gifts for the children on their Angel Trees.
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Christmas in Wilkes Angel Tree Deadline is Monday
The deadline for buying gifts for the 13th annual Christmas in Wilkes Angel Tree is Monday.
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Neighbor Of Fire Victim Tried To Rescue Man
The neighbor of a Wilkes County man who died in a fire Monday at his home on Highway 16 said he tried to get the man out, but was too late.
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Man, 32, dies in fire in Wilkes County
MILLERS CREEK A Wilkes County man died in a fire this afternoon, officials said.
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Reed-Wall
Published: Sunday, November 9, 2008 at 3:30 a.m. Last Modified: Wednesday, November 5, 2008 at 11:45 a.m. Lonnie M. Reed of Northport and Glenda Wall of Millers Creek, N.C., were married at First Assembly of ...
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Arrest Warrant Issued in Double-Paycheck Case
Wilkesboro police have now issued an arrest warrant for a woman who allegedly cashed an accidentally-doubled final check, even after she was informed it needed to be returned.
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Turnout Continues to Be High
Before three additional one-stop voting centers opened in Wilkes, ten-percent of the registered voters had already cast ballots at the courthouse.
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One-Stop Voting Sees 10% of County Voters Already
Voters are steadily coming into the Wilkes county one-stop sites this year, and officials estimate by morning, 10-percent of the county will already have voted using the one-stop centers.
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Local Auto Sales Business Owners Charged for Felony Worthless Checks
Felony charges have been field against the owners of a local car dealership, after multiple customers reported they had received checks from the business that were worthless.
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Gas Stolen from 2 Churches and a Home in Millers Creek
Sheriff deputies aren't sure if the recent theft of gasoline from two churches and a home near Miller's Creek are related, but they all three occurred over the span of a few days.
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Millers Creek Home Burglarized
Sheriff's deputies have questioned a suspect in a burglary from a Millers Creek home, but so far have not been able to find evidence tying him to the crime.
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Grand openings
Published: Wednesday, September 10, 2008 at 9:00 a.m. Last Modified: Tuesday, September 9, 2008 at 4:20 p.m. Sisters Sharon Gallimore Sink and Teresa Gallimore Neal have listened to complaints about ...
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Volleyball loss to West Wilkes
On a raining Wednesday afternoon, the Lady Vikings travel to Millers Creek to take on West Wilkes in there NEW gym.
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Fist Day of School Reminders
The first day of school is up on us, and as we speak, Wilkes county kids are awaiting buses to take them to school.
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Crash in Wilkesboro Injures One
A rear-end collision sent a Millers Creek woman to the hospital yesterday. Police say Marelyn Pendry was sitting at the stoplight at Highway 268 and Woodland Boulevard when she was hit from behind by a car ...
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Two Injured in Tuesday Wreck
A high-speed crash at mid-day yesterday sent two people to the hospital. It happened shortly before 1pm on River Street in front of Payne Power in Wilkesboro.
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Xterra Found, Theft Still Being Investigated
Wilkesboro police have found the Nissan Xterra reported stolen over the weekend from a convenience store parking lot.
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Fatal Wreck on Parsonsville Road
A Wilkes resident is dead following a crash last night near Millers Creek. North Carolina Highway Patrol officials identify him as 18-year old Joshua Bryant of Purlear.
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NW Ready to Buy Wilkesboro Water if Reddies Continues to Fall
North Wilkesboro doesn't have water -- Wilkesboro does. That's why North WIlkesboro officials are reportedly making plans to buy water from Wilkesboro as an effort to avoid water rationing and mandatory usage ...
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Theft Reported from Millers Creek Home
A Wilkes woman accuses a family member of being the thief who took over 44-hundred dollars worth of jewelry in a burglary this week.
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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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