Phil Caulfield Mortgage Lender
Burlingame, San Mateo, Hillsborough, Foster City, Millbrae, San Bruno, Belmont, San Francisco, San Carlos, Redwood City, Woodside, Menlo Park, Atherton, Palo Alto, Los Altos, Half Moon Bay
RECENT BLOG POSTS
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There are a total of twelve open houses scheduled in San Mateo on January 3, 2010. The price range of these open houses is very wide, from $1,075,000 to $339,000. Here is a list for you: 2117 Queens Lane, $1,075,000, open 1 to 4 3416 Leafwood Court, $925,000, 1 to 4 7 Del Monte Place, $849,000,...
01/01/2010
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The Hillsborough open house schedule for January 3, 2010 has a list of only two at the time of this writing. 2890 Privet Drive, $4,800,000, open 2-4 15 Jewell Place, $4,275,000, open 1-3 The open house schedule next week should increase because of the end of the holidays. Burlingame Open Houses C...
12/31/2009
The Quick and Expected Climb to 6% Mortgage Rates (How To Stay Dry When The Fed Throws Water At You)
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If you live in San Mateo and you are interested in mortgage rates, here is a great article from Brian Brady. Somehow he is able to make an analogy about mortgage rate forces, and his daughter's actions/reactions at the beach! Mortgage rates have been steadily climbing, from a low of 4.5% aro...
12/23/2009
Last night, the Burlingame Panther basketball team played their long-standing, non-league rival, the Serra Padres. It was a fun, great night! First of all, the game was sold out! That does not happen too often at Burlingame High School. Before the game, there was electricity in the air. The stan...
12/19/2009
Financial Advisors, CPAs, insurance agents, real estate agents, estate planning attorneys, and in-home care providers in California need to know that there is a reverse mortgage alternative available. The reverse mortgage alternative is called Equity Access. Equity Access provides monthly income...
12/18/2009
Normally, homeowners in Atherton don't want a 15 year fixed rate because the payments are too high. Now there is a twist on a 15 year fixed rate that can keep your payment low! This loan has a 40 year term. Initially it is a 15 year fixed rate. During the 15 year fixed rate term, the payments are...
12/17/2009
Buying A Home Before Selling - How Does That Work? When someone buys a home before selling their current home, they may have a problem: if they have a mortgage on the old home, that debt is included in their debt-to-income ratio. In the old days (pre-2008), home buyers who did not sell their home...
12/11/2009
This weekend there will be an exhibit of John Lennon's artwork. Here is some information via KFOG: 29 years ago this week, the world was stunned by the senseless murder of John Lennon. This weekend, Yoko Ono invites you to perpetuate his message of peace and love with an exhibition and sale of hi...
12/10/2009
This is an interesting article that all Burlingame borrowers should be aware of.For the longest time, there was no standardization in good faith estimates presented by Lenders when a loan application is made by a borrower. In efforts to facilitate a better shopping experience for the consumers, H...
12/09/2009
Here's something mortgage brokers and real estate agents should be aware of - it sure caught me by surprise! My client applied for a refinance of his first and second mortgage. We sent out two files. We sent the file for the first mortgage to Provident Funding. We sent the file for the second mo...
12/02/2009
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Phil Caulfield
I Get The Loans Done That The Big Banks Don't!
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Phil Caulfield is a Loan Officer with Prosperity Home Mortgage LLC. I have experience with many types of loans, such as conforming, jumbo, FHA, and VA. I have worked with all types of clients, ranging from first- time buyers to high net worth individuals.
As a mortgage banker, we are able to offer many different types of loan programs to meet the needs of a wide variety of clients.
For example, we offer programs with low down payment requirements, which can be attractive to first-time buyers.
We also can help clients who are having a difficult time qualifying with traditional income documentation by utilizing alternative documentation, such as bank statements, to qualify.
Interest-only loans have been attractive to high net worth clients. These type of mortgages give the borrower more flexibility in terms of allocating funds into financial vehicles they deem to be the most attractive.
The current mortgage landscape requires a tremendous amount of documentation and disclosure. My goal as a Loan Officer is to make the process as painless and as simple as possible. Having 30 years of experience has enabled me to anticipate the issues that may come up during the loan process. I work with my clients upfront to work through these issues so that the surprises during the processing of their mortgage are minimized.
I grew up, live, and work in Burlingame. Many of my clients, naturally, are from Burlingame and the surrounding cities such as Hillsborough, San Mateo, Foster City, and Millbrae. I am licensed in the state of California, so I can help people who want to buy or own property anywhere in the state.