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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Sharpsburg, 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
| Sharpsburg, North Carolina News |
Power costs cause Sharpsburg to raise rates
SHARPSBURG Town officials defended a 16 percent electric rate increase Wednesday by contrasting the town's energy bills with those paid in Rocky Mount.
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Town Talk
FREMONT At their regular November meeting tonight, Fremont aldermen will consider approving new officers for the town fire department.
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Princeville seeks advice to increase tax collections
Princeville Town Manager Sam Knight plans to meet with Edgecombe County officials next week and discuss ways to increase the town's tax collections.
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Sharpsburg man sentenced on drug charges from Dec. arrest
A Sharpsburg man whose house caught on fire last December and was then arrested for possession of marijuana, was given his punishment in Wilson Superior Court Wednesday.
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Town Talk
BAILEY The town could be hiring a new police officer today. Bailey commissioners will be holding a special meeting at noon at the town maintenance building on Main Street, where they will be interviewing an ...
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Town Talk
SHARPSBURG Sharpsburg commissioners will have their regular monthly meeting tonight in the meeting room of the Sharpsburg Volunteer Fire Department on Taylor Drive, since Election Day voting will be taking ...
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Jobless rate rises in region
Dismal unemployment numbers have once again been released for the Twin Counties as companies continue to lay off workers.
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Town Talk
SHARPSBURG At their regular monthly meeting Oct. 7, Sharpsburg commissioners took the following actions: * Appointed David Pride to the town's Land Use Steering Committee.
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Sharpsburg checkpoint leads to 60 charges
Law enforcement officers filed more than 60 charges during a Friday night sobriety checkpoint conducted in Sharpsburg, authorities said.
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Town Talk
SHARPSBURG At their regular meeting tonight, Sharpsburg commissioners will consider the following items: * A presentation by Julie Bollinger of the N.C. Department of Transportation on transportation planning ...
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Nash GOP begins search for Alford's replacement
The Nash County Republican Party this week began taking steps toward finding a replacement for Nash County Commissioner Jay Alford who died suddenly last month.
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Liles wins two Raceway season titles
Neal Sykes from Holly Springs claimed his third Late Model victory this season at County Line Raceway Saturday night, but Britches Liles of Bailey claimed two Championship titles - 2008 Late Model Champion and ...
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2 men charged with Sharpsburg armed robbery
Two Battleboro residents have been arrested in Roanoke Rapids and charged with numerous armed robberies, including the holdup at the L&L Convenience Store on Mill Branch Road Sept.
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Sharpsburg moves forward on new park
A children's park the town has stalled on building for more than four years could soon become a reality.
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Town Talk
Sharpsburg A steering committee to help the town come up with a plan for future growth and development is now fully appointed.
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Author of Civil War book to speak at library Sept. 24
Author Jack Travis will speak in the Stanback Auditorium of the Rowan Public Library at 7 p.m Sept.
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Town Talk
Sharpsburg Sharpsburg commissioners have voted to amend the town's charter to implement four-year staggered terms for the town board and mayor.
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Power Outages In The East
Progress Energy says there are several clusters of customers without power. One of the largest power outages in Eastern Carolina is near Sharpsburg in Nash County.
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Raceway celebrates 20 years
James Batten of Rocky Mount claimed the Late Model Anniversary win, a fitting victory for the veteran late model driver who has raced all but three of the 20 years at County Line Raceway, which celebrated its ...
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Town Talk
SPRING HOPE Spring Hope's planning board will have its regular meeting today at 6 p.m. at the Town Hall on West Railroad Street.
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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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