Get it Sold article in Palm Springs Life HOMES
Get It Sold Event
On Thursday February 4th Franklin sponsored the latest Get It Sold event in the Coachella Valley. Here in the desert we are fortunate to have an incredible variety of homes, from the modest family house to large estates and resort properties. This tour totaled over 60 million in real estate and it showcases what kind of great opportunities we have here in the desert. We’re excited to have held this special event at one of the deserts most beautiful estates and look forward to the next one.
Franklin Team
Some of our San Dimas and Pasadena Team with Walter Neil our CEO
Franklin's Palm Springs Client Appreciation Party
FOR IMMEDIATE RELEASE: PALM SPRINGS, CA – (January 29, 2016) – Franklin Loan Center held its annual Palm Springs Client Appreciation Party on Thursday, January 28th at 7 Lakes Country Club.
The event was a success bringing in over 100 guests who partnered with Franklin over the year. The party had great food and drinks, a candy bar, and a lot of celebration. Franklin’s event team, and 7 Lakes Country Club put the memorable event together to say ‘thank you’ to the businesses, partners, and clients who helped make a successful 2015.
Franklin Loan Center is the largest independent mortgage lender in the Coachella Valley, this year celebrating its 27th anniversary of service to the area. Franklin provides a premiere lending experience to clients with local processing, underwriting, docs and funding functions handled on site by an expert team and offers a wide variety of tailored products to the borrower. With over 100 employees and offices in Palm Desert, Palm Springs, LA, Pasadena, Orange County, Temecula, and co-locations at our real estate partners, Franklin is fast growing to cover Southern California.
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Happy New Year!
Franklin's Client Appreciation Party
FOR IMMEDIATE RELEASE: PALM DESERT, CA – (December 7, 2015) – Franklin Loan Center held its annual Client Appreciation Party on Thursday, December 4th at their Palm Desert headquarters. The event was a success bringing in over 450 guests who partnered with Franklin over the year. The party had great food and drinks, photo booth, DJ, video screens, and a lot of celebration. Franklin’s event team, Ruth’s Chris and TMC Entertainment put the memorable event together to say ‘thank you’ to the businesses, partners, and clients who helped make a successful 2015.
“Our yearly event is a way for us to thank the people in the desert that help make us successful,” said Walter Neil, President and CEO of Franklin, “it’s now a regular event everyone looks forward to, to kick off the holiday season”.
Franklin Loan Center is the largest independent mortgage lender in the Coachella Valley, this year celebrating its 26th anniversary of service to the area. Franklin provides a premiere lending experience to clients with local processing, underwriting, docs and funding functions handled on site by an expert team and offers a wide variety of tailored products to the borrower. With over 100 employees and offices in Palm Desert, Palm Springs, LA, Pasadena, Orange County, Temecula, and co-locations at our real estate partners, Franklin is fast growing to cover Southern California.
Walter's Weekly Mortgage Update
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This Week
- A lackluster September Jobs Report helped Mortgage Bonds and home loan rates remain near historic bests.
- New Smartphone Math: Pay for Your Phone, Save on Your Plan
- When you see these Bond prices moving higher, it means home loan rates are improving—and when they are moving lower, home loan rates are getting worse
Our local over 65 softball team in Vegas!
World series of softball for 65 and over with the team from Palm Springs.
Walter's Weekly Mortgage Update
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This Week
- The highly anticipated Jobs Report rounds out a week full of economic indicators.
- Develop your leadership skills with six must-see TED talks.
- When you see these Bond prices moving higher, it means home loan rates are improving—and when they are moving lower, home loan rates are getting worse
Walter's Weekly Mortgage Update
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This Week
- Housing, consumer sentiment and Gross Domestic Product are on deck
- Existing Home Sales kick off the week Monday followed by New Home Sales on Friday.
- 6 Ways to Keep Customers for Life
FRANKLIN NEWSFLASH: STOCK MARKET VOLATILITY AFFECTS THE COST OF HOME OWNERSHIP
HOW IT AFFECTS THE MORTGAGE INDUSTRY
You may not think much about the stock market when thinking of buying a house because you probably don’t think there is any relationship between the two. However, it is important to keep track of stock market performance, especially during times of volatility because it does have a direct impact on your cost of home ownership.
Cheap financing is a major driver of the mortgage industry. When buyers can access cheap funds, it serves as an encouragement to purchase houses while high interest rates dampen enthusiasm.
Prospective home buyers therefore need to keep an eye on the stock market in determining when it is the best time to make a purchase as this could mean paying more or less for your home in the long term.
HOW IT AFFECTS THE COST OF BONDS
Mortgage rates follow changes in the 10-Year Treasury note bond. Therefore, changes in the yield of this bond cause a corresponding up or down movement in mortgage interest rates.
Stocks and bonds are typically funded by the same investment money and when stock prices slump the tendency is for investors to hedge against this by “fleeing” to the relative safety of the bond market. Since mortgages form a significant portion of this market, the implication is an increase in money supply for mortgages and therefore a lowering of interest rates. This means that buyers can access cheaper funds to finance their home purchase.
Volatility in the stock prices can impact on the cost of home ownership because of its relationship to mortgage interest rates. Although it isn’t the only factor that affects mortgage rates, other economic such as unemployment rate, inflation and the effect of demand and supply are still tied to the stock market in one way or the other. The reason for this is that stock prices are quite sensitive to economic uncertainties and subsequently sends a ripple effect of changes on other sectors including housing.
On the other hand, an upward movement in the prices of stocks attracts investors leading to bonds sell-off and fund movement from bonds to stocks. The implication of this is an increase in interest rates for mortgage financing.
In the effort to stabilize the economy and control inflation, the Government, through the Federal Reserve sometimes make interventions such as the quantitative easing (QE) which affect the stock markets and hence interest rates.
As an example, in 2014, through the QE3, the Fed bought billions of Treasury bonds and mortgage-backed securities, such as the Fannie Mae and Freddie Mac, in a bid to foster housing and economic recovery. This naturally led to the lowering of interest rates and making mortgages more attractive to buyers.
Swings in stock prices and the uncertainties it creates in the economy may also lead to a gradual increase in interest rate hike by the US Federal Reserve Bank. This, in turn, would mean higher cost of funding for mortgages. If there is such hike, banks would have to obtain funds at high interest which they would in-turn pass on to borrowers.
FRANKLIN LOAN CENTER ANNOUNCES TEMECULA BRANCH AND TEAM
FRANKLIN LOAN CENTER (‘Franklin’) announced the opening and full staffing of their new location in Temecula, California. A fully featured branch to serve the entire Temecula area, the office is headed up by the new Regional Manager and Senior Loan Officer James Gross. James brings years of industry experience and expertise to Franklin and will help expand presence in the entire region. James’s team of lending professionals all have senior level experience and a deep understanding of the local community.
“We’re excited to be extending the Franklin brand and services to a new community. Franklin has always had a large footprint in the Coachella Valley, and James and his team will allow us to bring our great levels of service to a new region. We’re really enthusiastic about our plans to expand across all of Southern California, and this new Temecula Branch under James’s leadership will help drive that goal.” – Walter Neil, President and CEO
James’s team consists of Ben Mireles (Branch Manager/Senior Loan Officer), Brian Kavanagh (Loan Officer), Monique Dawson (Licensed Executive Assistant), Colette Galante (Assistant and Client Services), and Carinne Campbell (Senior Processor). The new office is located at 41607 Margarita Road, Suite 102 Temecula, CA 92591.
Franklin Loan Center - has been servicing Southern California since 1989 and has grown from a small, local mortgage banker into a thriving regional enterprise and local employer. Franklin Loan Center is the largest independent mortgage lending company in the Coachella Valley, and locations throughout southern California. Franklin has expanded to become a thriving part of the business community and focused on bringing a frictionless mortgage lending experience to Southern California’s borrowers.
For contact: info@franklinlc.com | 760.779.8100 | 44800 Village Court, Palm Desert, CA92260
FRANKLIN LOAN CENTER -- FOR IMMEDIATE RELEASE August 25, 2015
Franklin Loan Center’s Patrick Zellar
Franklin Loan Center's own Patrick Zellar helped out with raising over $70,000 to be donated to seven different charities in Southern California, one of which was the CSP Youth Shelter in Laguna Beach who received over $15,000. A Taste for Charity was started 20 years ago and have 13+ local restaurants serving tastings of food, coffees and drinks along with local artists who donate art. Local hotels and shops participate by donating stays and items for auction, and companies like Franklin sponsor advertise to give support. Money was also raised by attendees, art sales, and donations/sponsorships. The main organization is the Laguna Board of Realtors/Charitable Assistance fund, LBOR/CAF which is a 501C (3) non profit. This being the 20th year, they went all out and raised over $100,000 and after expenses gave the seven local charities over $70,000, most of which were local Laguna Beach charities. CSP youth Shelter, Laguna Food Pantry, Boys & Girls club in Laguna Beach, 1st Thursday Art walk, Laguna Concert Band, No Square Theater, Laguna Plein Air Artist association, and others. They do a second fund raiser in late September called the Pet Parade, an event where people bring in any animal and have a parade. People bring all variety of animals, pigs, cows, horses, cats, mostly dogs. There is a Chili cook off and vendors all proceeds go towards the animal shelters. Check them out on their website at http://www.lbr-caf.info/
Patrick can be seen here handing out the checks to the different charities.
The Palm Springs Regional Association of Realtors (PSRAR) and Palm Springs Life
Franklin Loan Center and Palm Springs Life announces a new partnership forged with The Palm Springs Regional Association of Realtors (PSRAR). Franklin will be providing support through sponsorship and popular industry events such as Market Watch to keep realtors up to date on market trends and provide information and valuable statistics to keep the community more informed.
Salute To Hollywood Fashion Show
Franklin was proud to have some of our team members participating in this years "Salute to Hollywood" fashion show. Our own Dora Page, Bradley Mullen, and Sean Teague were some of the modeling participants. The event was to benefit the Women’s Council of Realtors is a not-for-profit network of successful REALTORS®, advancing women as professionals and leaders in business, the industry and the community. Monies raised at this event allow them to continue to hold regular events to promote leadership, and provide industry education to the Realtors in the Coachella Valley. To check out some of the photos from the event visit our Facebook page at www.facebook.com/FranklinLoan or visit their website www.wcrca.org for more information
Gregg Spierling Memorial Golf Tournament
Franklin sponsored a hole for the Gregg Spierling Memorial Golf Tournament which helped benefit the CDAR scholarship fund and The First Tee of the Coachella Valley which is a youth development organization dedicated to impacting the lives of young people by providing learning facilities and educational programs that promote character development and life-enhancing values through the game of golf. We did a game of "out drive the chicken" and had sliders from Murph's Gaslight restaurant, check out the photos at www.facebook.com/FranklinLoan A special thanks to CDAR for setting up the event for a good cause.
Keller Williams Golf Tournament Beneficiaries
Franklin Loan Center's own Alisha Carr helped out with the Street Life Project at the annual Keller Williams Golf Tournament benefit this past Monday. The Street Life Project was a vision that was conceived seven years ago by Christian Jelmberg. They aim to help the homeless with food, prayer, and life coaching that Franklin was proud to be a sponsor of. If you would like to contribute or learn more you can visit their website at http://www.streetlifeproject.com/
Bing Crosby Get it Sold Event
Over 200 of the desert’s Top Producing Realtors partied “Hollywood Style” at the estate formerly owned by legendary entertainer: Bing Crosby. Considered to be one of the more famous homes in the area, this glamorous property is known for its celebrity guests, including Marilyn Monroe and President John Fitzgerald Kennedy. Represented by Marc Lange and Carl Blea of HOM Sotheby’s Int’l Realty, the 7,000 sq. ft. residence in Thunderbird Heights was designed for entertaining at its finest and offers a stunning interior, elegant bedroom suites, lavish outdoor setting and majestic views. Numerous real estate agents promoted their own luxury listings during the business portion of the event, called “GET IT SOLD”. Guests enjoyed catering by Lulu CA Bistro and 50’s & 60’s music by S.I.R. Palm Springs. This Luxury Real Estate Event was sponsored by Walter Neil of Franklin Loan Center, Willie Rhine of Lulu CA Bistro, Benjamin Sullivan of KBC Palm Springs, Charissa Farley of Farley Pavers, Kenny Cassady of Oranj Palm Vacation Homes, Robert Sabo of Desert Moving Company, Chad Ballard of Casswood Insurance, and Randee Bayne of Palm Springs Life HOMES Magazine.
