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Mortgage Rate Update & Go Back to School...For Free!
 These days, many adults are taking classes to retool their skills or learn about new industries. With a little research and a little effort, returning to school may be a whole lot easier...and a whole lot cheaper...than you think!
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Here are some great tips for getting that education for free.
Scholarships...
Many scholarships don't have age limits, which means everyone is eligible. Check out www.Fastweb.com and www.SuperCollege.com to search for available scholarships.
Professional and Trade Organizations...
Local and national professional and trade organizations often offer grants and scholarships. Begin by doing an Internet search for your particular locale and specialty. You can also contact your local Chamber of Commerce to see if they have any information on local grants and scholarships.
Colleges and Universities...
Many schools offer scholarships created especially for adults who are returning to school. Check a school's individual Web site or contact the admissions office for details.
The Government...
Individual states may provide grants to help people attend the re-training programs they sponsor. Information and links can be found at www.careeronestop.org. In addition, the Obama administration has launched www.opportunity.gov to help unemployed adults return to college. The site includes information on a variety of federal student aid programs.
Employers...
A large number of employers still offer tuition assistance, especially if you can show how the educational program will help your job performance. For adults who want to return to school while they are still working, this is another avenue to consider.
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Mortgage Interest Rates*
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Rates as of Thursday, 20th August, 2009:
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Conforming
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APR
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Payment per
$1,000
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Jumbo
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APR
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Payment per
$1,000
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30-Yr. fixed
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5.250%
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5.383%
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$5.52
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5.500%
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5.590%
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$5.68
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15-Yr. fixed
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4.750%
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4.975%
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$7.78
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5.125%
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5.277%
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$7.97
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7-Yr. fixed ARM
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4.625%
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4.753%
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$5.14
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6.625%
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6.722%
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$6.40
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5-Yr. fixed ARM
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4.000%
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4.124%
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$4.77
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6.250%
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6.344%
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$6.16
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3-Yr. fixed ARM
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4.000%
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4.124%
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$4.77
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6.250%
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6.344%
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$6.16
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5-Yr. Interest Only
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4.250%
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4.375%
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$3.54
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5.375%
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5.465%
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$4.48
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FHA 30-year fixed
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5.250%
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5.383%
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$5.52
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5.375%
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5.465%
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$5.60
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*Rates are subject to change due to market fluctuations and borrower's eligibility.
Karl Peidl
Lincoln Mortgage Company
251 Bellevue Avenue, Suite 102
Hammonton, NJ 08037
609-878-7013
kpeidl@linc-mort.com
www.facebook.com/newjerseymortgages
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Pennsylvania: Licensed by the PA Department of Banking as a First Mortgage Banker and licensed pursuant to the PA Secondary Mortgage Loan Act. New Jersey: Licensed by the N. J. Department of Banking and Insurance Maryland: Authorized Mortgage Lender by the State of Maryland Commissioner of Financial Regulation. Florida: Licensed Mortgage Lender by the Florida Office of Financial Regulation. Delaware: Licensed Lender by the Delaware Office of the State Bank Commissioner.
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