| BBB Urges to Know the Facts about Reverse Mortgages
Raleigh, NC, May 30, 2007 --(PR.com)-- Beverly Baskin, president and CEO of the Better Business Bureau of Eastern North Carolina, advises long-term homeowners with equity built from homeownership, that a reverse mortgage can be a good investment. Reverse mortgages allow homeowners to turn their home equity into spendable cash without having to make monthly interest or principal payments.Under a reverse mortgage, the lender sends the borrower money via a lump-sum payment, a line-of-credit, monthly check or a combination of all three. The homeowner is not required to pay back any of the loan advances or interest until the loan term is over. Generally, no repayment is due until the borrower no longer occupies the house.Before venturing into a reverse mortgage the BBB, along with the Federal Trade Commission, suggest that homeowners consider the following facts:Reverse mortgages are rising-debt loans.
Swiss shares lower in afternoon trade on prospect of weaker Wall ...
ZURICH (Thomson Financial) - Share prices were slightly lower in afternoon trade with Wall Street indicating a lower opening and the ECB's rate hike already priced in, dealers said.
At 2.50 pm, the Swiss Market Index was down 48.26 points at 9,365.97, and the Swiss Performance Index down 43.11 points at 7,614.65.
The euro fell to 1.6449 sfr, while the dollar dropped to 1.2168 sfr.
'The market is slightly lower because of the (currently) weaker US market, but we don't expect the new ECB interest rates to impact on Swiss banks since the change was in-line with expectations,' a Vontobel Bank trader said.
The ECB earlier raised interest rates 25 basis points to 4.00 pct.
Banking stocks were weaker across-the-board, with UBS shedding 1.1 pct or 0.90 sfr at 77.30 and Credit Suisse declining 1.2 pct or 1.15 sfr to 91.30.
Magnatag's Enhanced New RotoCube Rotating Board Tower Displays 24 ...
MACEDON, N.Y., June 6, 2007 (PRIME NEWSWIRE) -- Magnatag's(r) latest version of its RotoCube(r) Rotating Board Tower provides a solution for displaying whiteboard and bulletin board information where it will get attention in high-traffic areas that lack appropriate wall display space. The 19" square, free-standing, patented 78" high RotoCube board tower now features a changeable marquee top for flexible use in various departments and presentations. The RotoCube also silently rotates in either direction with a finger-touch to display information on four sides that total 24 square feet of display space -- the equivalent of a four by six foot hanging board. .
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