|
|
Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
|
|
|
Norman, 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
| Norman, North Carolina News |
No easy solutions found to water problem
Why? Why? Why? Why? Richmond County residents asked questions and expressed their concerns Wednesday night at a community meeting at the Hoffman Fire and Rescue station in Marston about contaminated water ...
|
Ellerbe family to continue Thanksgiving tradition
Senior citizens in northern Richmond County need not go without a proper Thanksgiving meal, thanks to a family of Good Samaritans who are continuing their tradition of giving on the holiday.
|
Award-winning Interior Design Firm Relocates to Denver
Full Circle Interior Design brings a passion for education and problem solving to assist in tough times to Lake Norman LAKE NORMAN, NC - Inspired by spectacular views and not daunted by a unique challenge, ...
|
Lawmen arrest drug suspect
On patrol in Norman, Richmond County deputies arrested a Candor man on charges involving illegal drugs, Capt.
|
Woman confronts burglar in home
An Ellerbe man was arrested as a suspect in a burglary in an Ellerbe home, said, Capt.
|
One Well Tainted by Pesticides
Water from one private well sampled in Moore County cannot be used for human consumption because of pesticide runoff from peach orchards abandoned 40 years ago.
|
What's going on in and around Richmond County?
Today GUARD RETIREES: 881st Engineer Retirees and Members Day, from 2 to 5 p.m. today at the Rockingham National Guard Armory.
|
Snakebite killed Ft. Bragg soldier
FORT BRAGG U.S. Army officials said Wednesday that water moccasin bites were responsible for the death of a soldier during Green Beret training in June at Fort Bragg.
|
Soldier Found Dead In June Died Of Snake Bites
The Army says a Special Forces trainee found dead this summer during a land navigation exercise in North Carolina was bitten by a poisonous water moccasin, also known as a cottonmouth.
|
What's going on in and around Richmond County?
Today HUMANE SOCIETY: Richmond County $17 Spay/Neuter/Rabies Vaccine Vouchers available in the lobby of Richmond County Health Department 9 a.m. to noon and 12:30 p.m. to 2 p.m. Open to all Richmond County ...
|
Dividing up real estate during a divorce
When a married couple who own a home decides to part ways, division of the residence and its equity can become one of the most contentious issues among those to be negotiated.
|
County provides temporary water fix
Clean water for residents near Fox Road is now just a short drive away. As the list of contaminated wells in the county grows, Richmond County Public Works has installed a water hydrant on Fox Road for ...
|
New book tells of Richmond County architecture
A book on the history of 284 architectural properties in Richmond County dating from 1794 to 2005 is to be available Sept.
|
Water wells found tainted
A second contaminated water well has been discovered in the Fox Road area of Richmond County at a residence on Deer Trail.
|
Police make drug arrests
Three people have been arrested in connection with illegal drug charges by the Rockingham Police Department.
|
Police make drug arrests
Three people have been arrested in connection with illegal drug charges by the Rockingham Police Department.
|
Army Identifies Dead Green Beret Candidate At NC Post
The Army says it is investigating the death of a Green Beret candidate whose body was discovered in a Fort Bragg training area after he was reported missing.
|
Panel to look at bank history
A panel discussion on the history of banking in Richmond County will be held at the Richmond County Historical Society meeting at 7 p.m. June 16 at Rockingham City Hall.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|
|
|
|
|
© 2006 Somerset Investors Corp. All rights reserved. |