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 our divorce buyout page
Call for COMPLETE details NOW!
(800) 675-9783
| North Carolina News |
Thorp installed as UNC-Chapel Hill chancellor
The new chancellor at the University of North Carolina at Chapel Hill says success as a university depends on taking care of its people.
|
Queer reading list, fall 2008
Look at the calendar. It's that time of year again. The days are getting shorter, the temperatures are getting chillier, and you're probably thinking of ways to make good use of all that time you'll be spending ...
|
Obama & Friends: Judge Not?
McCain has only himself to blame for the bad timing. He should months ago have begun challenging Obama's associations, before the economic meltdown allowed the Obama campaign to dismiss the charges as an act of ...
|
McCain to campaign in Wilmington
Republican presidential candidate John McCain has scheduled a campaign stop in Wilmington, his first North Carolina visit with voters since May.
|
Citigroup Walks Away From Wachovia, Handing Buyout Victory to Wells Fargo
Citigroup Inc. walked away from its attempt to buy Wachovia Corp. , handing victory to Wells Fargo & Co.
|
Attorney: Marine fighting extradition from Mexico
The attorney for a Marine accused of killing a pregnant colleague says his client is fighting extradition to the United States.
|
NC community college students to cook for peers
When about 3,000 people gather in Raleigh for a biennial conference of North Carolina community colleges, they'll get a taste of their own food.
|
Gaining Shear Optimism
A guard stands watch as Darryl Simpson lathers a tattooed neck and drags a straight razor over the dark Chinese characters, practicing the perfect shave.
|
Financial woes boost Democrats in Congress races
The financial turmoil that has devastated the stock market is also battering Republicans in congressional races, giving Democrats a chance to topple GOP incumbents once considered safe and wrest seats in pivotal districts and states. Voters' deepening anxiety about the economy following the enactment of a $700 billion financial industry bailout has created the conditions, just over three weeks from the Nov. 4 election, for an anti-Republican tide that could hand Democrats insurmountable majorities on both sides of the Capitol, according to lawmakers and strategists in both parties.
|
Voter Registration Boom Favors Obama
The surge in new voters that helped propel Barack Obama to his party's presidential nomination is carrying over to the general election _ 9 million newly registered voters who are overwhelmingly Democratic and ...
|
Billy Graham hospitalized in NC after fall at home
There's word that Billy Graham has been hospitalized after taking a minor fall. A hospital spokeswoman says Graham tripped over one of his dogs at his North Carolina home.
|
This Weekend, Scuppernong Riverfest - Columbia NC
October 11, 2008 17th Annual Scuppernong River Festival The Scuppernong River Festival celebrates our Youth and Education, the Key to a Greater Tomorrow. Come join the locals for a full day of celebration and fun, followed by evening fireworks. The day starts with the parade at 10:00 AM. Vendors, food, all day entertainment at numerous locations. And, after the fireworks, dance the night away at our street dance with Billy Scott and the Party Prophets.
|
American heartland suffers from Wall Street's woes
While all eyes Thursday were on Wall Street's plunge, its cause is being felt across America as the snowballing financial crisis sends an already weak economy into an accelerating decline.
|
McCain needs shift in public opinion
It was a late night for John McCain's campaign - a post-debate repast of karaoke until the wee hours of the rain-soaked morning.
|
Report Says N.C. Mental Hospital Dysfunctional
A health consultants' report says a North Carolina mental hospital where a patient died and others were beaten had leadership problems and was dysfunctional.
|
Elections officials deny illegally purging voters
A newspaper report Thursday said tens of thousands of eligible voters have been removed from rolls or blocked from registering in at least six swing states, but election officials quickly lined up to defend ...
|
Parking Lot Politics Going Too Far?
Parking lot politics in central North Carolina have some people crying foul. A lot owner put up "no parking" signs targeting Barack Obama supporters.
|
President Declares Major Disaster for North Carolina
The head of the U.S. Department of Homeland Security's Federal Emergency Management Agency has declared a major disaster exists in the State of North Carolina and ordered federal aid to supplement state and ...
|
Changing state IDs wona t change reality
The new vertical driver's license for North Carolinians younger than 21 years old is sure to help store clerks and bartenders checking identification for people purchasing alcohol.
|
Pledges to take high road fall short
When the Tennessee Republican Party issued a press release in February titled "Anti-Semites for Obama" - with references to "Barack Hussein Obama" and a picture of the senator in a traditional Somali outfit ...
|
|
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
|
|