Fancher Mortgage Group and Jones Mortgage Group now offer The Trade-In Mortgage powered by Calque. Through this strategic partnership with Calque, these professionals can provide another innovative approach to mortgage lending, according to a press release.

The teams at Fancher Mortgage Group and Jones Mortgage Group can now provide homeowners with a way to utilize their home equity to secure a new property before selling their current one with easier qualification criteria than a traditional bridge loan.

Because home equity has risen sharply over the last several years, many homeowners are sitting on significant equity in their current home and can benefit from a product that enables them to access it in a cost-effective way to purchase their next home, the release stated.

Calque’s The Trade-In Mortgage is designed for homeowners to retain wealth by seamlessly transferring their equity from one property to another. Users can make a non-contingent offer that is as good as cash and backed by a purchase price guarantee; if the home doesn’t sell within 90 to 150 days, depending on the market, Calque will purchase it.

Many homebuyers are experiencing real estate market challenges, including rising interest rates and scarce inventory. Buyers need to move quickly when they find a home that suits their needs. In some cases, they are cash-strapped to purchase their next home.

The Trade-In Mortgage allows more homebuyers to compete with cash buyers and reassure anxious sellers in a market where interest rates are very high and the ability to offer a non-contingent offer is very attractive to sellers. Working with The Trade-In Mortgage ensures that homebuyers do not have to carry two mortgages indefinitely.

“Both of these teams are working with homeowners that want to find their next property, but many have not sold their current home,” Kurt Fancher, branch manager and mortgage consultant (Fancher Mortgage Group), said in the release. “By partnering with Calque to offer The Trade-In Mortgage, we offer a solution that reduces the pressure of simultaneously purchasing and selling a home. Our clients have the option to convert their equity into cash for the purpose of buying a new property.”

“Calque found great synergy in both Fancher Mortgage Group and Jones Mortgage Group to provide The Trade-In Mortgage,” Calque CEO Michael Bremer said. “These are among the best mortgage experts in the country and the service they provide will allow more buyers to use their home equity to transition from one home to the next.”