Norlina, 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
| Norlina, North Carolina News |
Mr. & Mrs. Thomas Joseph Mayton
Stephanie Marie Keisling and Thomas Joseph Mayton, both of Roanoke Rapids, exchanged wedding vows during a 6 p.m. ceremony on Saturday, Oct.
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Top Stories for Wednesday, October 29th, 2008: Longing longhorn look DAILY DISPATCH / ASHLEY STEVEN AYSCUE Longing longhorn look A Texas longhorn looks toward the camera while others mill around in the ...
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Top Stories for Wednesday, October 22nd, 2008: AP PHOTO / JIM MORTON Fall foliage is reflected on Julian Price Lake off the Blue Ridge Parkway near Blowing Rock in this picture taken Monday.
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Project Working Mom scholarship goes to Norlina mother of three
Rita Williams of Norlina has received a 'Project Work ing Mom' scholarship from American Sentinel Univer sity, an accredited online university.
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Norlina seeks beautification sponsors
The Norlina Appearance Commit tee is looking for sponsors to underwrite the planting of crepe myrtle trees along Highway U.S. 1 North and South on the approaches to the town.
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Top Stories for Thursday, September 25th, 2008: Removal of barn only weeks away DAILY DISPATCH / WILLIAM F. WEST This barn in central Oxford will be taken apart, stored and eventually rebuilt to serve as a ...
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Options available for alcohol and drug addiction, recovery
In commemoration of the 19th National Alcohol and Drug Addiction Recovery Month, the Warren County Board of Commissioners has proclaimed September as Recovery Month here.
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County committees work toward property protection and preservation
Two relatively new committees are making progress toward protecting and enhancing property in the county.
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Burchette could face death in deputy's shooting
Prosecutors will pursue a potential death penalty case against Montellus Burchette, who faces first-degree murder charges in connection with the September 2006 shooting death of Warren County Sheriff's Deputy ...
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Robertson named Principal of the Year
Vaughan Elementary School Principal Noel Robertson, center, accepts the Warren County Schools Principal of the Year award for the 2008-09 academic year.
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Warren Restaurant changes hands
In her last week as owner of The Warren Restaurant, Jeanette Fleming stands at the entrance to the business that she and husband Sol began operating in 1989.
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Hanna deluges North Carolina coast
The force of the tropical storm was expected to be spent by dawn. In the Triangle, a flash-flood warning was issued, and 5 inches of rain were forecast Josh Shaffer, Martha Quillin and Matt Ehlers Shared ...
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Top Stories for Friday, September 5th, 2008: Shopkeepers seek safety DAILY DISPATCH / AL WHELESS Area shopkeepers and supporters of the Alashmali family on Thursday visited with Sheriff Peter White, center ...
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Help available locally for switch to digital broadcasts
On Feb. 17, 2009, all full-power television stations will stop broadcasting in their current analog format and completely switch to digital.
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Norlina schedules public hearings
The Norlina Town Board will be conducting two public hearings before the start of its regular meeting scheduled for Tuesday, Sept.
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Top Stories for Saturday, August 23rd, 2008: Responders learn chopper maneuvers DAILY DISPATCH / ASHLEY STEVEN AYSCUE Firefighters from the Henderson and Vance County Fire Departments carry Chief Danny ...
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Motions heard in murder case
Additional pre-trial motions in the case of Travis O'Neal King, 33, of Warrenton, who faces two first-degree murder charges in relation to the April 2006 shooting deaths of two Warren County residents, will be ...
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HealthCo services remain intact despite loss of grant funding
Vance-Warren Comprehensive Health Plan, Inc. , familiar to local residents through its HealthCo facility in the Soul City community, will not receive federal Community Health Center grant funding for the ...
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DAILY DISPATCH / AL STAINBACK Angela Person of Henderson climbs a ladder to sign her name on the Fight Back Express bus.
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Jones pleads guilty in Wimbrow murder
Theresa Jones pled guilty Tuesday afternoon to second-degree murder in relation to the March 2005 death of Norlina resident Donald "Tickie" Wimbrow.
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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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