Phil Caulfield Mortgage Lender

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Mortgage and Lending - Prosperity Home Mortgage - NMLS#386911
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
Here in the San Francisco Bay Area there are many buyers paying cash to buy a home in order to win in multiple offer situations in this very competitive market.  Paying cash is a great strategy to buy the home. The question the buyer must consider after closing escrow is "does it make sense to ge...
02/28/2015
Applying for a mortgage is like going out on a date - you want to look your best!  You may think you look your best with the documentation you have provided. The lender, however, may pick up on some "blemishes" that you have that you may not be aware of. The formula to qualify for a mortgage is p...
08/11/2014
Gene Mundt does a great job here explaining the mechanics of the debt-to-income (DTI) ratio calculation. This number has become more important than it has been in the past because the lenders are very concerned with your ability to repay. Gone are the days of getting approved simply because of su...
08/11/2014
Connecticut mortgage lender Rick Cignoli has written an excellent article about the credit score. Many consumers are unaware of the factors that affect their FICO score.  Rick explains the different factors and approximately how much rach factor  is weighted in the overall score. It is important ...
07/12/2014
Today the San Mateo Daily Journal published an article regarding new housing in Downtown Burlingame. When I saw the headline, two issues came to mind immediately, parking and traffic (if you have spent any time in Burlingame, you know about our parking issues in the downtown area).  If the city d...
07/09/2014
  Mark Taylor, a mortgage lender in Scottsdale, Arizona, addresses an important topic (maybe this is the most important for a consumer1) - how much can a home buyer or homeowner truly afford? Here at Opes Advisors we have a proprietary tool utilized by our licensed employees in order to help them...
07/08/2014
  George Souto, a Connecticut mortgage lender, makes a great point here in the blog post he has written. Why do so few veterans have VA loans? Here in the San Francisco Bay Area, the maximum loan amount in some areas is as high as $1,050,000! Loan amount is not an issue, nor can the down payment ...
07/07/2014
When I am asked "Can you help me get a mortgage loan to buy a home before selling my current home?", my answer is "Yes, there is a program for that!" The program incorporates what is called cross-collateralization. Cross-collateralization in mortgages occurs when a lender has two or more pieces o...
04/26/2014
 I will explain to you why someone would want to get a pledged asset mortgage loan with an example. Bill Buyer likes his investments. He believes that the return on these investments will benefit him more than liquidating them for the down payment into the property.  Bill also likes to buy and se...
04/21/2014
Yesterday pro golfer Pablo Larrazabal was playing in the Maybank Malaysian Open. He was on the 5th fairway when he was attacked by a swarm of hornets! Why do I bring this story to your attention? I think it is an amazing story of courage and concentration! Larrazabal had the courage to put his sh...
04/18/2014
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Phil Caulfield

I Get The Loans Done That The Big Banks Don't!
smartphone(650) 222-0386
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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.