Pikeville, 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
| Pikeville, North Carolina News |
Industrial property buys stall; buildings approved
Two wrinkles have complicated, but not halted, Wayne County's plans to secure potential industrial property sites, while commissioners have given the OK to acquire two other sites -- one for a new library and ...
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WCC Adult High School honors 22
Wayne Community College's Adult High School Program has honored 22 students for outstanding academic achievement in the first fall 2008 session.
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Wayne County considers its options on land
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Local government offices closed for Veterans Day
Wayne County, Goldsboro and Mount Olive government offices will be closed Tuesday in observance of Veterans Day.
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MOC receives donations from Wayne churches
Local churches were recognized at the Mount Olive College Annual College Dinner recently, after raising more than $88,000 in gifts and donations to the school.
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Woman guilty in man's stabbing death
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Anderson holds off Bruton to keep seat
Steve Keen, left, and Andy Anderson celebrate their victories at the Elks Lodge in Goldsboro Tuesday.
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Mt. Olive Pickle receives local honor
Named the Wayne County Industry of the Year for the second time in 20 years because of its contributions back to the community, Mt.
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Testimony begins in murder of Jose Enriquez
Mary Kim Little, who is accused of killing Jose Enriquez III by stabbing him in the throat with a butcher knife, listens as a witness testifies in Wayne County Superior Court on Wednesday.
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Murder trial underway
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Officials: They didn't endorse judge
Three of the county's top elected courthouse officials have repudiated comments allegedly made by a magistrate campaigning for Senior Resident Superior Court Judge Jerry Braswell that they are endorsing ...
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Get out and go
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I-795 repair begins
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Breakers gas station robbed Monday
Goldsboro K-9 officer C.J. Outlaw, right, holds a license plate discovered after the attempted armed robbery at Breakers gas station on Berkeley Boulevard.
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These military heroes deserve a second chance at life
Debbie Kandoll of Pikeville, N.C. is on a mission to get retired military working dogs adopted into suitable families.
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Smithwick-Sutton
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Public Record
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Wayne County Sheriff's report
Wayne County Sheriff's report 2 October 2008 Dorothy Mae James of Seven Springs reported on Monday, Sept 22 at 5:18 p.m. that she left her wallet on the Post Office counter and someone took it.
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Eight seconds to honor his dad
Wayne County bullrider Ethan Barnett rides the bull Whiskey in the first round of riding at the Wayne Regional Agricultural Fair Bull Riding Competition Tuesday.
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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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