Matador Lending is the latest mortgage company to offer Calque‘s The Trade-In Mortgage, a loan option that allows homeowners to utilize the equity in their existing property to buy a new home without selling their current one first.
Matador Lending serves borrowers in California, Florida, Georgia, and Texas.
With Calque’s guaranteed backup offer, homeowners can use their home equity to increase their down payment and streamline the process of obtaining a new property, the company says in a release.
Matador Lending clients can increase their chances of securing their desired property by accessing their accumulated equity upfront and making a non-contingent and competitive cash bid offer.
“Matador Lending was founded on the principle that clients need options, and we remain committed to providing client-centered mortgage solutions like The Trade-In Mortgage,” says Apurva Sanghavi, president of Matador Lending, in the release. “Through our collaboration with Calque, we are bringing another valuable financing option to our clients.”
“Matador Lending understands that finding the right loan option is key to serving their clients, and this dedication makes them an ideal partner for Calque,” says Michael Bremer, CEO of Calque. “With the Trade-In Mortgage, buyers gain a significant edge in competitive markets by streamlining and expediting the purchasing process.”
Calque reports that it has seen its business activity grow more than 700% during the past year.
“Calque has experienced record growth in 2024 because of our focus on the success of our lender partners,” Bremer says. “In a year marked by high interest rates, we offered lenders and real estate professionals innovative solutions like The Trade-In Mortgage and the Contingency Buster. These solutions redefine what’s possible in real estate transactions, enabling the lenders to provide homebuyers an easier way to find and secure a home in a market constrained by extremely tight inventory.”