Theory Mortgage Partners with Calque to Offer the Trade-In Mortgage in Oregon
21 Mayo 2024 - 12:00PM
Business Wire
—Homeowners Can Tap Equity in Their Current
Home to Purchase Their Next Property Before They Sell—
Theory Mortgage, multiple time winner of the fastest closing
broker in Oregon, has engaged Calque, the leader in enabling
lenders to offer buy-before-you-sell programs, to launch The
Trade-In Mortgage™ in Oregon.
With homebuyers facing headwinds in the form of a competitive
market and relatively high and fluctuating mortgage interest rates,
this partnership comes at an important time. Current homeowners are
holding onto an unparalleled amount of equity that could help them
overcome bidding wars to purchase their next home––but using that
home equity without selling first can be a headache.
With The Trade-In Mortgage, homeowners with equity can use it to
make non-contingent offers and buy and move into their next home
before selling. This streamlines the home purchase process and
reduces the costs of moving without juggling bridge loans or
relying on contingent financing which can put them at a
disadvantage compared to other bids.
Additionally, The Trade-In Mortgage helps borrowers qualify for
a home by removing their current house from debt-to-income (DTI)
during loan underwriting. This simplifies the process of buying and
selling homes and enables homeowners to effortlessly transfer their
equity from one property to another while maintaining their
wealth.
“Our top priority is our clients, and we are committed to
finding the best mortgage solution for them,” said Theory Mortgage
Owner Brian DuVal. “The Trade-In Mortgage offers clients an
innovative lending option, utilizing the significant equity from
their current home to make the purchase of their next home less
stressful. In fact, utilizing equity as leverage to obtain a home
can be just as beneficial as buying with cash.”
“Calque identified Theory Mortgage as an ideal partner to offer
The Trade-In Mortgage in Oregon,” said Michael Bremer, CEO of
Calque. “Despite soaring interest rates, homeowners who need to
move can utilize their accrued equity to secure the most favorable
mortgage for their future property. The Trade-In Mortgage can make
a difference for homeowners in Oregon who might otherwise avoid
making the right move for their family because of the economic
environment.”
About Theory Mortgage
In today's fast paced real estate market, Theory Mortgage is
Oregon's leader in quick closings. Having won the award for
“Fastest Average Closing Time” 4 of the last 5 years, Theory’s
speed and efficiency translates to lower rates and lower costs for
buyers. Equally important to buyers: Fast closings equal an
improved chance of an accepted offer! Savvy borrowers who
appreciate high level, no-nonsense advice with great loan terms,
choose Theory Mortgage. www.theorymortgage.com (NMLS #
1848246).
About Calque
Calque partners with established community lenders to offer
mortgage lending solutions that make the home purchase process
simpler, less stressful, and more cost effective for homeowners.
Mortgage products such as The Trade-in Mortgage™ streamline the
entire home purchase process from start to finish by enabling
consumers to submit non-contingent offers that function like cash
offers, buy and move into their new home before selling their
current one, use the accrued equity on their existing home to
increase their down payment and reduce their monthly payments, prep
their original home for sale after they’ve moved out, and stress
less during the process.
Calque does not compete with lenders, but only utilizes
best-in-class, FDIC-insured banks, credit unions, and mortgage
banks in every state across the country. To learn more about
Calque, visit http://calqueinc.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240521821814/en/
Media Contact Alyson Austin 949-403-0484
alyson@gaffneyaustin.com