Salter Path, 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
| Salter Path, North Carolina News |
Salter Path business burns
An early afternoon fire in this Bogue Banks community caused extensive damage to the interior of Willis Family Seafood, owned by Wade and Vesta Willis, leaving nothing but the outer shell of the building.
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The best books 'speak' to readers
Last week during my normal Cheerio breakfast at Cracker Barrel, a gentleman walked up to my table and introduced himself.
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Melby resigns post as town fire chief
The town's fire chief has resigned and its fire department, which merged this year with Salter Path's unit, was the focus of comments from the former chief's wife during a town commissioners' meeting Wednesday ...
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Fred's Benton's Best of the Best
And now our new READER POLL!! Fred Benton knows the Triangle! Benton, long-time lifestyle journalist covering the Triangle for over 20 years, has definite ideas about businesses that he feels are particularly ...
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Coast Guard embraces 'green' living
Things have changed since Coast Guard Petty Officer Tyler Ford arrived at Station Emerald Isle in 2006 - and it's not just the disappearance of the temporary trailers that housed their operations during a major ...
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Carteret County Conditions
Hey, read the rules! Conditions weren't all to bad along the Crystal Coast Thursday, as folks experienced good gusts of wind, some periods of rain, and even some peaks of sunshine.
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Rain starts, schools close early, Hanna's winds anticipated
Heavy rain was falling, the Neuse River was choppy along Front Street parks and the winds whipped a balloon to the ground in front of Arby's on U.S. 17 about 11 a.m. today as the northern part of tropical storm ...
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Re-entry passes a must
After an evacuation, residents and property owners on Bogue Banks need their re-entry passes to get back on the island.
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Groups get more than $45,000 in grants
Two Lenoir County groups plan to make the most of about $45,000 in grant money they received from N.C. Arts Council earlier this month.
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Record purge misses mark
It seems there was an unforeseen problem disposing Indian Beach's nearly 30 years of general town records when some of those papers ended up littering the shoreline at Homer Smith Point.
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Oceanfront ruling sought
An invisible line in the sand that could keep some oceanfront property on Bogue Banks from being rebuilt after a storm or fire has Carteret County seeking time before the state Coastal Resources Commission.
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Oceanfront ruling sought
An invisible line in the sand that could keep some oceanfront property on Bogue Banks from being rebuilt after a storm or fire has Carteret County seeking time before the state Coastal Resources Commission.
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Oceanfront ruling sought
An invisible line in the sand that could keep some oceanfront property on Bogue Banks from being rebuilt after a storm or fire has Carteret County seeking time before the state Coastal Resources Commission.
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Oceanfront ruling sought
An invisible line in the sand that could keep some oceanfront property on Bogue Banks from being rebuilt after a storm or fire has Carteret County seeking time before the state Coastal Resources Commission.
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Oceanfront ruling sought
An invisible line in the sand that could keep some oceanfront property on Bogue Banks from being rebuilt after a storm or fire has Carteret County seeking time before the state Coastal Resources Commission.
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Roof, construction materials burned in condo fire
When firefighters arrived at a Thursday morning fire at a 10-story condominium building under construction on Bogue Banks, the dense black smoke indicated conditions worse than they turned out to be.
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More of this story
The buzz of a saw is like music to a woodworker's ears. Sawdust on their clothes isn't a nuisance, it's a look that's natural.
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Aftermath: Three Firefighters Injured While Battling Blaze
"We're still battling the fire and he came back with his arm in a sling and I'm like what are you doing." Those flames gutted "Building A." And beach fires these intense, put firefighters at risk. via WNCT-TV Greenville
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- Everybody got out'
"We saw the glow almost immediately and then the glow just illuminated a dark billow of smoke" An elevator shaft and pieces of a stairwell were all that stood among blackened debris Thursday as firefighters continued to monitor a fire scene at Ocean Club Resort in Indian Beach and douse flare ups in the ... via Jacksonville Daily News
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Aftermath: Indian Beach Condo Fire
"By the grace of god. That's best I put it. It was a real big fire for us because we are a small department" A massive fire destroys an Indian Beach condominium complex overnight sending three fire fighters to the hospital and causing millions in damage. via WNCT-TV Greenville
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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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