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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Mount Holly, 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
| Mount Holly, North Carolina News |
Local jobless rate jumps
Gaston County's unemployment rate jumped by the largest percentage of any North Carolina county from September to October - an increase of 1.4 percent.
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A.M. News: Convicted sex offender in trouble for failing to notify change of address
A registered sex offender was back in Gaston County Jail on Monday on a charge of failing to notify change of address as a sex offender.
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Annual Christmas concert slated
Second Baptist Church in Mount Holly will be holding its annual Community Christmas Concert 7 p.m. Dec.
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Area helping agencies seeing rise in need for services
Holidays bring warm feelings and full tables for the fortunate, but the list of the less fortunate appears to be growing.
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Firefighters relieved blaze in abandoned structure
No one was injured in a fire that damaged an uninhabited shed north of McAdenville on Wednesday.
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Building in the wrong direction
So they plan to build a new high school on the land that used to be a golf course.
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A.M. News: Three accused of robbing store with a 'tire iron,' but threaten to shoot clerk
A man with a tire iron threatened a convenience store clerk, stealing about $1,000 from the Quick Stop Convenience Store on South Main Street on Saturday.
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Military family finds way to keep loved one in their hearts
Ian Blachford met his stepgrandson five years ago. Blachford had to say farewell to him last month when Pfc.
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News Story: Coal train derails in Gaston County
Crews are working to clean the scene of an overnight coal train derailment in Gaston County.
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A.M. News: Mount Holly man charged with cocaine, painkiller possession
A Mount Holly man was found with cocaine and prescription drugs during an early Wednesday driver's license check in Stanley, according to a magistrate's order.
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Possible motive in UNCC student's death?
Six months after her death, the NewsChannel 36 I-Team has uncovered what could be a motive in the killing of a UNC-Charlotte student.
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Mt. Holly woman is C-P's latest gas card winner
Jeanne Pouria of Mount Holly will drive a long distance -- all the way to North Carolina -- to celebrate Thanksgiving with her family.
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Mount Holly reaches deal on welcome center
The dream of a welcome center moved another step toward reality last week. During closed session, city council drafted a lease for part of the former City Hall to be used by the Mount Holly Community ...
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First Baptist of Belmont honors veterans
Marty Hutchins never heard the blast of machine guns as gunmen emptied clip after clip in the South Pacific.
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More of this story
Bowen-Doty Susan Elizabeth Doty and Harold Dean Bowen were married Saturday, Nov.
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Developing News - Mount Holly police search for suspects in home invasion
Mount Holly police are searching for two suspects who escaped after reportedly breaking into a home and robbing the residents Monday night.
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Robbers Burst Into Mount Holly Home
Police said two robbers burst into a Mount Holly home on Morris Avenue and robbed the people inside.
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Mt Holly City Council Votes to Rezone the South Gateway Corridor
In its November 10th meeting the City Council voted unanimously to rezone part of the Catawba Heights area to Commercial and Mixed Use (General Business). It also lifted a self- imposed moratorium on commercial construction. The area is known as the South Gateway and runs from I-85 to Henry street along the Highway 273 corridor.
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Mount Holly's old City Hall could become welcome center
The old City Hall could be transformed into a welcome center if the Community Development Foundation and Gaston Regional Chamber of Commerce have anything to do with it.
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Real estate transactions in Gaston County
Real estate transactions represent transfer of real property recorded with the Gaston County Register of Deeds.
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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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