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- Sparrow Mortgage Partners with Calque to Offer The Trade-In MortgageTM
Sparrow Mortgage Partners with Calque to Offer The Trade-In MortgageTM
Slice of Real Estate Team
August 26, 2024
Key Highlights:
Sparrow Mortgage partners with Calque to introduce The Trade-In Mortgage™.
Borrowers can use home equity to purchase a new home before selling their existing property.
Non-contingent offers are now competitive with cash offers, empowering homebuyers in a challenging market.
Source (Business Wire)
Notable Quotes:
“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. The Trade-In Mortgage simplifies the home buying process and assists buyers in securing their next home in a competitive housing market.”
Our Take:
The partnership between Sparrow Mortgage and Calque represents a significant innovation in the mortgage industry, offering a solution to the common challenge of contingent offers in a competitive real estate market. By enabling borrowers to use their home equity for new purchases before selling their current property, The Trade-In Mortgage™ effectively levels the playing field, making homebuyers more competitive with cash bidders. This collaboration not only simplifies the home buying process but also provides a strategic advantage to borrowers, especially in today's market where high interest rates and rising prices are prevalent. This is a game-changing development for both Sparrow Mortgage and the broader real estate market.