Trade-In Mortgage™

Other ‘buy before you sell’ products require you to change your processes, and some even require time-consuming certification and training. For your client, most iBuyer and PowerBuyer products involve duplicate closing costs (usually one of the homes is sold twice to briefly transfer ownership to the iBuyer) and can cost your clients as much as 3%-5% once hidden fees like leasing costs are included.

Fairway Independant Mortgage Corporation and Calque have fixed the problem at the root — the loan process. We use a new underwriting process that allows the homeowner to buy first and sell later for a fraction of the cost of other buy before you sell solutions.

The Benefits

• Buy before you sell. Many homeowners don’t realize that they usually have to sell their home before they can access the equity in it to purchase their next one. Skip the hassles of timing the sales of two homes or moving twice by buying and moving into your new place first. After you’ve moved, your agent can stage, list, and show an empty house.
• Bid and list with confidence. Say goodbye to contingencies and hello to competitive offers. By tapping the equity in your current home, you can make offers that are as good as cash and 4X more likely to win. List your current home for full market value, and rest easy with a guaranteed backup offer.
• Tap your equity to save more. The Trade-In Mortgage TM allows you to use the equity in your current home to make a bigger down payment, reduce monthly payments, and avoid mortgage insurance on the next one.
• Move on with peace of mind. With Calque’s Purchase Price Guarantee (PPG), you can list your home for the most competitive asking price with peace of mind. If it doesn’t sell within the specified time frame (up to 150 days in most markets), Calque will purchase it for the previously agreed upon PPG. Either way, you move forward with a conventional loan on your new home.