Winston Salem, 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
| Winston Salem, North Carolina News |
Winston-Salem Warthogs Officially Renamed 'Dash'
With the transferring of stadiums to the new complex downtown, the Warthogs will bring along a new team name.
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Man Wanted For Double Murder In Texas Arrested In Winston-Salem
It took a lot of law enforcement but police from Fort Worth, Texas think they have their man.
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Unemployment Rates Grow Across NC
Unemployment rates increased in 61 of North Carolina's 100 counties, according to numbers released Tuesday by the Employment Security Commission of N.C. Forty-five counties were at or below the state's ...
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Prince, Parkland basketball player, remains in critical condition
A junior-varsity basketball player for Parkland High School remained in critical condition this morning, a hospital spokewoman said this morning.
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Officers arrest man wanted in two 1989 deaths in Texas
Winston-Salem police helped arrest a man yesterday morning who is wanted in two killings in 1989 in Texas.
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Hanesbrands plans earlier closing of NC plant
Published: Tuesday, December 2, 2008 at 5:58 p.m. Last Modified: Tuesday, December 2, 2008 at 5:58 p.m. Hanesbrands Inc.
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Deputies: Man Charged After Drugs Fall From Underwear
Addition charges were filed Monday against a Winston-Salem man after a bag of crack cocaine fell out of his underwear as he was being searched at the Davidson County Detention Center, deputies said.
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Money problems could close Winston-Salem orchestra
Money problems could force a chamber orchestra in Winston-Salem that introduces classical music to children to stop operating next month.
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Teens Hit Man With Brass Knuckles And Rob Him
On Monday December 1, 2008 at 1:14am, a man reported being robbed while in the parking lot of the Sheetz convenience store on Hwy 150 at the corner of Hickory Tree Rd.
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Depression leads to internal fat in 70-somethings
Older people who are depressed are much more likely to develop a dangerous type of internal body fat -- the kind that can lead to diabetes and heart disease -- than people who are not depressed, a disturbing ...
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End of free drug samples?
Who doesn't like freebies, especially when it comes to pricey pills? But free medication samples, which at first glance look like a win-win-win situation for manufacturers, doctors and patients, can have hidden ...
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OSHA Investigates Local Fatal Mulcher Accident
The Occupational Safety and Health Administration investigated a gruesome landscaping accident that killed a man in Winston-Salem on Saturday.
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Couple Kidnapped, Robbed In Winston-Salem
A Winston-Salem man and woman said they were kidnapped and robbed Saturday night.
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NC fir becomes White House Christmas tree
A Fraser fir from the mountains of North Carolina is on its way to the White House.
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Winston-Salem State Hands Out Cards Showing Students How To Dress
Winston-Salem State University wants students to dress for success. The Career Center handed out cards showing students about appropriate clothing.
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Winston-Salem Police Expect Spike In Crime During Holidays
Police in Winston-Salem said they expect to see a spike in crime around the holiday season.
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Winston-Salem Woman Dies In Overnight House Fire
Winston-Salem fire officials are trying to determine what caused a fire that killed a woman at a home on Pittsburg Avenue early Wednesday morning.
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Winston-Salem Child Abuse Arrest
Officers say the parents took the 2-month-old child to the hospital. Detectives charged 19-year old A mar Mushar Wilson Sr.
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Rape Suspect Being Sought
The Winston-Salem Police Department are looking for a male suspect after a woman says she was kidnapped and sexually assaulted in Bolton Park.
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NC man charged in Winston-Salem shooting death
A 40-year-old Winston-Salem man has been arrested in the shooting death of another man late last week.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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