—Home Buyers in Texas Can Use the Equity in Their Current Home to Help Finance Their Next Home—
Calque, the leader in empowering established lenders to offer non-contingent mortgages, today announced their alliance with HomeTown Lenders. HomeTown Lenders will now offer The Trade-In Mortgage™ to clients throughout Texas.
The Trade-In Mortgage is a new mortgage solution designed to help homeowners succeed in the home buying and selling process. Many homeowners are sitting on unprecedented levels of equity in their current homes. However, many of these buyers are also cash-strapped and facing a lack of homes available for sale, a variety of mortgage solutions, and nervous sellers. The Trade-In Mortgage is designed for homeowners to retain wealth by seamlessly transferring their equity from one property to another.
“HomeTown Lenders operates from the core belief that exceeding expectations is the only way to do business,” said Ryan Leahy, Regional President at HomeTown Lenders of Texas. “By aligning ourselves with Calque to offer The Trade-In Mortgage, we can deliver on our pledge to provide the most innovative and creative mortgage financing solutions available in Texas.”
Texas is a competitive real estate market. Calque allows experienced lenders to eliminate the home sale contingency so they can originate non-contingent mortgages and their clients can make non-contingent offers that are more likely to be accepted in a low inventory market. Unlike competitors’ products, Calque allows homeowners the opportunity to sell their departing residence for full price. The Trade-In Mortgage also ensures that homebuyers do not have to carry two mortgages indefinitely. Homeowners in Texas can work with any real estate professional and HomeTown Texas Lenders to buy their new home using a conventional lending product before selling their existing home.
“Calque selected HomeTown Lenders to offer The Trade-In Mortgage because they have experienced loan officers with the necessary expertise and know-how to help their clients purchase a home in a competitive market with minimal stress,” said Dan Mugge, chief operating officer at Calque. “We are proud to work with HomeTown Lenders throughout the state of Texas.”
About HomeTown Lenders
Hometown Lenders of Texas is here to serve our clients with best in class customer service, leading-edge technology and expert assistance to provide the most innovative and creative mortgage financing solutions available.
From the start, Hometown Lenders of Texas’ business model has been framed around the principle that our clients will always be the main focus of our operations. As technology becomes an increasingly larger part of our daily lives, we never lose sight of the fact that honesty, values and integrity have always been the backbone of our business. Hometown Texas believes that even in the face of these rapid technological advances, old-fashioned, friendly, relationship driven service, will never go out of style. We do business the right way – The Hometown Lenders of Texas way! For more information, please visit: http://www.httexas.com.
About Calque
Calque partners with established community lenders to offer mortgage lending solutions that make the home purchase process simpler, less stressful, and more cost effective for homeowners. Mortgage products such as The Trade-in Mortgage™ streamline the entire home purchase process from start to finish by enabling consumers to submit non-contingent offers that function like cash offers, buy and move into their new home before selling their current one, use the accrued equity on their existing home to increase their down payment and reduce their monthly payments, prep their original home for sale after they’ve moved out, and stress less during the process.
Calque does not compete with lenders, but only utilizes best-in-class, FDIC-insured banks, credit unions, and mortgage banks in every state across the country. To learn more about Calque, visit http://calqueinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230504005259/en/
Contacts
Alyson Austin
949-403-0484
alyson@gaffneyaustin.com
