layera company that partners with lenders to provide non-contingent mortgage loans to homebuyers, announced that it has Fancher Mortgage Group and Jones Mortgage Group Expands its trade-in mortgage products.
These partnerships aim to streamline the home-buying process by leveraging homeowners’ existing equity to acquire a new property before selling their existing home.
“Calque has identified tremendous synergies between Fancher Mortgage Group and Jones Mortgage Group in offering trade-in mortgages,” Calque CEO Michael Bremer said in a statement. “These are among the best mortgage specialists in the country. The services they offer will allow more buyers to leverage their home equity to transition from one home to another.”
Calque launched in 2021 with a range of products tailored for borrowers looking to purchase a new home before selling their existing one. In particular, trade-in mortgages allow homeowners to tap into the equity in their current home to increase their down payment and reduce their monthly payments on their next home.
This product enables homeowners to prepare their original home for sale after moving. It also allows them to compete with cash buyers and attract sellers. This is particularly important in a high interest rate environment where non-contingent offers are particularly attractive.
A trade-in mortgage ensures that buyers don’t have to manage two mortgages at the same time for an extended period of time. Unlike many other buy first mortgage solutions companies, Calque also allows borrowers to work with the agent of their choice as well as any lender in Calque’s network of mortgage providers.
In March 2024, Kalk appointed Bremer as CEO. He previously served as executive vice president of corporate operations for core logic.
