Sparrow Mortgage Partners With Calque To Introduce The Trade-In Mortgage
Sparrow Mortgage, a mortgage broker operating in Florida, Georgia, Massachusetts, North Carolina, and South Carolina, has partnered with Calque to provide The Trade-In Mortgage. Together, they now offer a lending option that allows borrowers to use home equity to purchase a new property before selling their current one.
The Trade-In Mortgage, made possible by Calque’s guaranteed backup offer, provides a unique solution for individuals and families looking to purchase their next home. This innovative 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.
In a market plagued by high interest rates and rising home prices, homebuyers with contingent offers often face disadvantages compared to investors and other parties making all-cash bids. In partnership with Calque, Sparrow Mortgage enables consumers to use their equity to compete effectively with these all-cash offers. Together, Sparrow and Calque are transforming the lending process, addressing the challenges of contingent bids, and empowering homebuyers to make stronger, more competitive offers.
“Working closely with our agent partners, we hear all too often the disadvantage plaguing current homeowners in this market,” said Robert Foos, President of Sparrow Mortgage. “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,” said 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.”
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