SOURCE: First Hallmark Mortgage Corporation

December 06, 2006 08:14 ET

Enjoy the Holidays and Avoid Getting Caught Up in Debt: First Hallmark Mortgage Offers Key Tips

SOMERSET, NJ -- (MARKET WIRE) -- December 6, 2006 -- 'Tis the season of giving, but that doesn't mean you have to wind up with major bills and credit card debt that you can't pay off. Bruno Viscariello, President of First Hallmark Mortgage Corporation based in Somerset, NJ, has three tips on how to keep yourself in the green this holiday season:

-- Avoid credit cards -- Don't spend what you don't have. Charging up credit cards will only put you further into debt.

-- Don't fall for credit card solicitations -- With more than 3.3 billion credit card solicitations going out to households across the country, it's sometimes hard to turn down the temptation. Don't give in. If you don't have a credit card, you're not going to charge.

-- Use an equity line of credit -- If you absolutely must borrow money this holiday season, use a home equity line of credit. Not only do you get a tax write-off, but the interest rates are significantly lower than credit card rates.

Viscariello explains, "The average American family has $8,000 in credit card debt. That number tends to go up during the holidays, which is one reason so many people turn to our Debt Solver program. We get a number of calls in January when the bills come in and reality hits. People are then forced to look for creative budgeting ways to fix the damage they've done."

First Hallmark Mortgage Corporation (FHMC) is a mortgage lending institution which provides high quality financial services to the public at the most competitive rates, tailored to a customer's unique situation. Rather than search for the "quick fix," First Hallmark develops long-term relationships with clients as a result of a unique "forward funding" strategy. First Hallmark has licensed mortgage bankers in New Jersey, New York, Maryland, Connecticut, Pennsylvania and Florida.

Contact Information

  • Contact:
    Susan Young
    (732) 613-4790