SAN JOSE, Calif.--(BUSINESS WIRE)--InstaMortgage, a tech-driven mortgage lender licensed in 26 states, today announced a partnership with Calque to offer an innovative approach to mortgage lending with the Trade-In Mortgage™.
Calque, launched in 2021, empowers homeowners to use the equity in their current home to buy their next home with the Trade-In Mortgage. Unlike other buy-first mortgage lending solutions, homeowners can choose their own real estate agent and work with InstaMortgage to make a new-home purchase using a conventional 80% loan without selling their existing home first. Using the Trade-In Mortgage, a homebuyer can make a non-contingent offer that is as good as cash on a new home in today’s increasingly competitive real estate market.
“InstaMortgage identified Calque as an innovative solution for a homebuyer in a tight market,” said Shashank Shekhar, Founder and CEO of InstaMortgage. “With home equity at an all-time high, homeowners can leverage their current equity with a mortgage product like the Trade-In Mortgage to buy their next property. Homeowners can purchase and move into their new home before selling their existing one. It’s that simple.”
This is another lending solution from InstaMortgage that differentiates the company and provides a radically different mortgage experience for savvy consumers.
“Calque found an ideal partner in InstaMortgage,” said Peter Kallodayschsack, head of operations at Calque. “We were looking for a mortgage company committed to putting the customer first. The Trade-In Mortgage provides a far superior homebuying experience for homeowners that want to leverage the equity in their existing home to buy their next home.”
About Calque
Launched in 2021, Calque empowers homeowners to use the equity in their current home to buy their next home. The Trade-In Mortgage from Calque is an innovative mortgage product that simplifies and streamlines the homebuying process. By using the Trade-In Mortgage™, homeowners can submit attractive, non-contingent offers as good as cash on a new property, buy and move into their new home before they sell their existing one, and make repairs and stage their old home for sale after they have moved out. To learn more about Calque, visit http://calqueinc.com.
About InstaMortgage
Originally founded in 2008 by Shashank Shekhar as Arcus Lending, the company rebranded as InstaMortgage in 2021. InstaMortgage aims to provide a radically different mortgage experience to its clients across 26 states. By combining their superior technology with expert advice, excellent customer service, and competitive rates they deliver mortgage options that are tailored to each client's unique financial situation. The company has been named to the Inc 500 list of fastest-growing private companies in America and recognized in the mortgage industry as a top producer and one of the best places to work. InstaMortgage, dba Arcus Lending Inc, NMLS 1035734
