Earlier, Valuation Review brought to the attention of its readers that Calque and First Federal Bank joining forces. Recently, HMA Mortgage, a 100 percent referral-based mortgage company, announced it partnered with Calque to launch The Trade-In Mortgage across 20 states, according to a press release.
With the Trade-In Mortgage, HMA Mortgage has expanded its turn-key service offerings to empower buyers with yet another way to turn their keys – a new “buy before you sell” program that helps homeowners tap their current home equity to purchase a new home.
“There’s a reason HMA Mortgage has always been a referral-based business; we do right by our people,” Robert Fillyaw, managing partner at HMA Mortgage, said in the release. “That means making sure we’re working with realtors, partners, insurance agents and financial planners that we know can help our clients make the best financial choices. Working with Calque is an easy fit. We can give our clients access to their equity before they sell their home to make better bids and experience greater convenience. It’s the rare win/win, and the sort of thing HMA Mortgage prides itself on offering.”
By accessing the equity in their homes before they sell, HMA Mortgage clients can make non-contingent bids that are more likely to win, move into their new home before their agent starts showing their listing, make a bigger down payment to reduce monthly interest payments and experience peace of mind with a guaranteed backup offer on their sale property, according to the company.
By working with Calque, HMA Mortgage has integrated a differentiating loan solution that increases their borrowers’ chances of being able to afford the home they want in a market of relatively high interest rates and high home prices. Real estate agents can use non-contingent offers to compete with cash offers and negotiate the price of the new home down. Calque’s guaranteed backup offer makes it easy for HMA Mortgage borrowers to qualify for a loan on the new home without taking on traditional bridge loans or moving out before they sell.
“Working with HMA Mortgage to offer The Trade-In Mortgage is a great fit,” Dan Mugge, chief operating officer at Calque, said. “Like HMA Mortgage, we work across the nation to help retail buyers get their dream homes and experience less stress during the process. With home equity reaching record levels in a competitive market, The Trade-In Mortgage fits in well with HMA Mortgage’s streamlined loan services to help retail buyers use their equity to buy with confidence, qualify for their homes, and win bidding wars.”