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  • ( ) Laurentian Bank changes its mortgage rates

    Laurentian Bank has changed its mortgage rates. The changes are as follows:

    These new mortgage rates will be effective as of January 28, 2008.

    For further informationGladys Caron, Vice President, Public Affairs and Communications, Laurentian Bank of Canada, (514) 284-4500, extension 7511, Cellular: (514) 893-3963, gladys.caron@banquelaurentienne.ca

    . More>>

  • ( ) Library group plans mortgage workshop

    Friends of the Big Bear Library isn't all about books. The group hosts a workshop on reverse mortgages on Saturday, Jan. 26.The workshop is free. Donna Ward presents the information that will help attendees understand the benefits available through a reverse mortgage. She will answer questions on what a reverse mortgage is, who qualifies and what types of homes are eligible. Ward also discusses how much money can be obtained and how a reverse mortgage affects estates.People 62 and older and the Baby Boomer generation are active and want to remain so when they retire. Statistics show that more than 90 percent of that group have enough saved for retirement. Reverse mortgages are a way to use equity to pay for retirement.A guaranteed government FHA/HUD reverse mortgage is the safest loan available.Ward is a loans and reverse mortgage specialist with Robert Weber and Associates of Crestline. More>>

  • ( ) Electricity supply sparks debate at pre-budget hearing

    An energy debate put the spark into the provincial pre-budget hearing for Northwestern Ontario held in Thunder Bay on Thursday.

    The point of contention was the proposed 2014 Integrated Power Supply Plan which came up last after 14 different groups made presentations to the Standing Committee on Finance and Economic Affairs

    Northern Ontario Municipal Association vice-president Iain Angus expressed concerns to the committee surrounding the Ontario Power Authority's plan to close the coal-fired generating plants by 2014. He says alternative energy sources must be put into place before that happens.

    One member of the Finance and Economic Affairs Committee suggested looking into the possibility of building a nuclear plant in the region for future energy needs. More>>

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