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
Stated income loans are still available in Lake Tahoe. As of October 1, the rules have been changed regarding stated income loans. However, Lake Tahoe has many homes that are either second homes or rental properties. Second homes and rental properties are exempt from the new laws regarding stated...
10/18/2009
In San Bruno on Wednesday October 21st from 6:30 to 8:00, Sylvan Learning Center will be hosting a free seminar about the stress of college test prep. The seminar is called "Test Stress: A Parent's Real Guide to College Test Prep". Is your teenager about to take the SAT/ACT/PSAT/NMSQT or starting...
10/16/2009
I have found that many people that many people do not understand how mortgage rates get locked here in Burlingame, California, and in many other areas. As a mortgage broker, I receive mortgage rates from our lending partners every day (sometimes more than once, but that is a story for another pos...
10/07/2009
Here is an interesting post from Brian Brady about why the first-time homebuyer tax credit should be abolished. I agree with Brian Brady. The first-time homebuyer tax credit may be helping real estate agents, mortgage brokers, and home buyers in the short-term, but long-term it will not help us...
10/06/2009
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Recently a friend of mine called me and said that he needed a construction loan to remodel his house in Burlingame, CA. I asked him if he had a construction contract and plans. He said not only did he have those items, he had already started construction! I asked him why he was calling me now, ...
09/30/2009
Are you interested in mortgage refinancing in Burlingame CA? I have great news! Mortgage refinancing can now be customized to closely match the term of your current mortgage. You may not want a mortgage refinancing because you are thinking "Oh great, I have been paying on my 30 year mortgage fo...
09/23/2009
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The OLA Fun Faire takes place this weekend. The theme this year is Ireland By The Bay. The times are Friday September 18th from 6 to 10, and Saturday September 19th from 2 to 10. There are all kinds of fun activities for all ages. For the kids, there are rides, rock climbing, and bunjee jumping. ...
09/18/2009
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Fannie Mae has come out with new cash reserve requirements, and I see a conflict. On the one hand, you have the $8000 tax credit for first time home buyers. On the other hand, you have new guidelines released recently by Fannie Mae that is a credit tightening maneuver. On every transaction that ...
09/16/2009
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There are going to be 24 open houses in Hillsborough CA on the weekend of September 12th and 13th. Here is a list of these open houses (source mlslistings.com): 885 Hillsborough Blvd. $5,495,000 - open Sunday 2-4 2700 Ralston Avenue $4,795,000 - open Sunday 1:30-4:30 38 Lemon Court $4,680,000 -...
09/12/2009
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Here is a list of open houses in Burlingame Ca for the weekend of September 12th and 13th 2009. 150 Newton Drive, $3,249,000 - open Sunday 1:30 -4:30 110 Los Robles Drive $3,190,000 - open Sunday 2-4 106 Los Robles Drive $2,850,000 - open Sunday 2-4 8 La Strada Court $2,799,000 - open Sunday 1-...
09/11/2009
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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.