Calque and The Trade-In Mortgage have announced 20 new lenders in 2024.
The latest is Sparrow Mortgage, a mortgage broker operating in Florida, Georgia, Massachusetts, North Carolina, and South Carolina.
The Trade-In Mortgage is a lending product that allows borrowers to use home equity to purchase a new property before selling their current one.
This program allows borrowers to leverage their home equity for a substantial down payment, making it easier to qualify for a new home.
By using their equity, borrowers can make non-contingent bids that are as competitive as cash offers, significantly increasing their chances of securing their dream home.
“Working closely with our agent partners, we hear all too often the disadvantage plaguing current homeowners in this market,” says Robert Foos, president of Sparrow Mortgage, in a release. “Removing that home sale contingency is not just a ‘nice to have,’ it’s a ‘must do’ in order to have a realistic chance to buy a home. By partnering with Calque, we’re giving our clients the ultimate cheat code to make their offer the winning offer.”
“Sparrow Mortgage is committed to finding the right loan product for every borrower, making them the perfect partner for Calque,” adds Michael Bremer, CEO of Calque. “The Trade-In Mortgage simplifies the home buying process and assists buyers in securing their next home in a competitive housing market.”