Month: May 2014

GOV. MALLOY, DMV COMMISSIONER ANNOUNCE NEW APPOINTMENT CENTERS AND UPGRADES AS PART OF AGENCY MODERNIZATION EFFORTS

(WETHERSFIELD, CT) – Governor Dannel P. Malloy today announced that the Department of Motor Vehicles (DMV) is now accepting appointments for learner's permit tests in the Old Saybrook office as part of the department's major computer upgrade so that businesses and customers can do more transactions online without coming into a DMV office. Old Saybrook now joins Waterbury, Danbury, Bridgeport, Cheshire, Norwalk, Wethersfield, Hamden and Willimantic in offering learner's permit testing by appointment.   This test-by-appointment system is part of a new and growing service DMV  started in 2012 to help customers avoid waiting in line. It captures DMV's efforts to better integrate technology that produces taxpayer savings and makes government more responsive. The first available appointments start May 13. “From the start, our goal has been…

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First Selectman Marpe Welcomes BRIGHTLIGHT CAPITAL to Westport on May 13

    First Selectman Jim Marpe will conduct a ribbon cutting ceremony and extend an official welcome on May 13 at 2 pm, as Brightlight Capital Management, a long/short small cap value manager, opens its new office at Sconset Square on Myrtle Avenue in Westport.   Mr. Marpe welcomes the growing hedge fund to town, saying “Westport is a great environment for financial services businesses like Brightlight Capital. We wish them great success.” “This is a very exciting and important time for Brightlight Capital,” said Dima Rubinchik, founder and portfolio manager of the three year old firm. “Two of our three partners live in Westport, so the decision to move here from New York was an easy one. We have…

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Mortgage Basics – Understanding How it all Works

While there are a number of ways to finance a home purchase, one of the most common ways to do so is using a mortgage.  A mortgage is a legal instrument that allows a finance company to advance funds for the purchase of a home, and then record on official land records the existence of the loan.  This guarantees that the lender can be protected and the title to the home cannot be sold to another person unless and until the title to the residence is clear from legal encumbrances.        The term mortgage is from the french for “dead deed,” which means that the deed is not useful until it has been cleared. You can obtain mortgage financing through…

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