#TipTuesday: “Millennial Misconceptions – Debt To Income Ratios”

#TipTuesday: “Millennial Misconceptions – Debt To Income Ratios”

Hey it’s Giuseppe with Hallmark Mortgage I hope you’re doing great. In today’s Millennial Misconceptions I wanted to touch on debt to income ratios. So for about a decade or so traditional loan programs had what was called a debt-to- income ratio max of 45% which meant that your new house payment plus the minimum

#TipTuesday - New Tax Law on HELOCs and 2nd Mortgages

#TipTuesday – New Tax Law on HELOCs and 2nd Mortgages

Hey it's Giuseppe with Hallmark MortgageOn today's TipTuesday I wanted to touch on mortgage interest deductibility forsecond mortgages and home equity lines now that the new tax law has passed. And so in this new tax law unlike first mortgages which were grandfatheredin if they were already in existence before the new tax law any