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
  Sometimes I like to think outside the box! All of the publicity recently about getting rid of the mortgage interest deduction got me thinking. Suppose we replaced the mortgage interest tax deduction with a mortgage principal tax deduction! In Phil's world, here is what this would look like. The...
11/28/2012
If you have a son who wants to play college baseball, the Arizona Fall Classic in Peoria is a great event to attend! I went with my twin boys, Tommy and Philip, who are high school seniors this year. Tommy is a left handed pitcher that bats right handed.                             Philip is a ri...
10/18/2012
Homes For Sale In Hillsborough CA Over Ten Million Hillsborough has many expensive homes. It is located conveniently in between San Francisco and Silicon Valley. If you are looking at homes for sale in Hillsborough CA over ten million dollars, there are usually several on the market. Generally sp...
09/21/2012
Mortgage Glossary When you buy a home, knowledge is king! Knowledge about the area, the schools, and price range are extremely important. Knowledge of mortgage terms is also very important, so a good place to obtain this knowledge is from a mortgage glossary. Obtaining financing for a home has it...
09/20/2012
A jumbo lender will scrutinize every credit report they look at very closely. They look for much more than payment history and what the payments are. Here is a list of ten items that a jumbo lender will pay attention to and why they think it is important: Late payments - a borrower's willingness ...
09/17/2012
  When I am asked to do a jumbo mortgage rate quote, I usually ask the potential borrower if I can give them a call back. Why? Because I have to go through a list of factors that determine what the rate will be. As a matter of fact, there are eleven factors I know of that have to be considered wh...
09/06/2012
Get Rid of PMI Mortgage Insurance I am writing this post as a public service to all homeowners in the counties of San Mateo, San Francisco, Alameda, Contra Costa, and Marin Counties. If you are paying for mortgage insurance (also known as PMI, MIP, or MI) stop this insanity! You have an alternati...
09/05/2012
How would you like to create two transactions and make your clients extremely happy! I know what you're thinking - how is this mortgage guy going to show me how to sell homes? I welcome the skepticism but after you read this article I think you will see the brilliance in this! This system is base...
09/01/2012
Are you interested in purchasing 172 N. Spruce Avenue? This home for sale in South San Francisco for $549,000 has financing available with the following terms: 5% minimum down payment No mortgage insurance required! 30 year fixed rate term No points No pre-payment penalty $1595 lender origination...
08/15/2012
Have you lost a high-end client because they could not qualify for financing? That's an awful feeling! In my experience, the guideline that is the hardest to satisfy is the cash reserve requirements. Cash reserves are the amount of money the client has left over after the down payment and closing...
08/13/2012
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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.