Program lets homeowners secure a new home before selling their current one
APEX Mortgage Group has partnered with Calque to launch a new “Trade-In Mortgage” option for clients looking to buy a new home.
The mortgage product aims to help homeowners optimize the home purchase process and reduce costs by leveraging their current home equity, the Atlanta-based company said in its Press release.
“Our clients are like family to us, and we are dedicated to discovering the optimal mortgage solution for their needs,” said Keith Webster, CEO of APEX Mortgage Group. “The Trade-In Mortgage levels the playing field by enabling borrowers to leverage the equity in their current residence to make better bids and minimize stress when purchasing their next home.”
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The Trade-In Mortgage allows homeowners to use the equity in their current property to make non-contingent offers on new homes. This eliminates the need to sell their existing home before securing their next one, leading to potential time and cost savings.
Additionally, the lender can exclude the existing property from debt-to-income calculations during underwriting. APEX said it is particularly advantageous for those looking to upgrade but hesitant to list their current home without securing a new property first.
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“Calque is proud to work with APEX Mortgage Group to offer The Trade-In Mortgage in Atlanta,” Calque CEO Michael Bremer said. “This not only saves time and money for borrowers of all backgrounds but also allows for a smoother transition between homes. Calque and APEX Mortgage Group are working together to benefit homeowners looking to purchase their next property.”
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