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Mortgage Insights Blog

Mortgage blogsite for John Harambasic, Senior Loan Consultant at Augusta Financial in Santa Clarita, CA. Specializing in California residential home loans including hard money loans, second mortgages, commercial income property loans, super jumbo loans.
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Proposed Changes To FHA Loans In 2010. All Is Not Well In The Housing Markets

Dec 4, 2009
In the midst of what appears to be a very limited recovery in the housing markets, there are a number of proposed changes currently under consideration that could, if passed, make qualifying for a FHA-insured loan more difficult after December 12th of...

"Temporary" High Cost County Limits Extended Through 2010

Nov 10, 2009
For High-Cost counties across the U.S., the current "temporary" loan limits have been extended through December 31st, 2010, In California, these figures are: • $729,950 – 1 unit • $934,200 – 2 unit • $1,129,250 – 3 unit • $1,403,400 – 4...

New $6500 Tax Credit for Repeat Home Buyers

Nov 10, 2009
In addition to First Time Home Buyers, existing homeowners purchasing a home for a primary residence can now benefit from the passage of the Home Buyers Tax Credit Extension. I'll try to answer as many as I can in this FAQ and also provide you with...

Avoid owing the IRS $8000 — your home buyer tax credit

Oct 19, 2009
New data shows that cases of fraud involving the $8000 tax credit for first time homebuyers is on the rise, and the IRS is stepping up it's efforts to combat the issue. According to the Wall Street Journal today there are nearly 100,000 cases of...

What can I expect as a business owner in 2009 and after?

Oct 19, 2009
My good friend and respected business consultant and educator Chris Banescu has published an elightening article The Assault on American Business. Chris's in-depth article examines the five greatest threats to American business and the utterly...


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