AUSTIN, Texas--(BUSINESS WIRE)--Fancher Mortgage Group and Jones Mortgage Group now offer The Trade-In Mortgage™ powered by Calque. Both teams are exceptionally proficient in solving complex mortgage challenges for borrowers at any level of affordability. Through this strategic partnership with Calque, these professionals can provide another innovative approach to mortgage lending.
The teams at Fancher Mortgage Group and Jones Mortgage Group 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.
Calque and its lending partners are leading the mortgage innovation space with The Trade-In Mortgage, designed for homeowners to retain wealth by seamlessly transferring their equity from one property to another. Using The Trade-In Mortgage, a homebuyer can make a non-contingent offer that is as good as cash and backed by a purchase price guarantee from Calque; if the home doesn’t sell within 90 to 150 days, depending on the market, Calque will purchase it.
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,” said Kurt Fancher, Branch Manager and Mortgage Consultant. “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,” said Michael Bremer, CEO of Calque. “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.”
About Fancher Mortgage Group and Jones Mortgage Group, divisions of GVC Mortgage
Fancher Mortgage Group and Jones Mortgage Groups are both divisions of GVC Mortgage, Inc, a family owned mortgage lender based in Pendleton, Indiana. With office spaces on the Northside of Indy and in Richmond, VA, our goal is to make the home loan process as simple as possible. Our mission is to close on time, every time, with minimal hassle, period.
©Fancher Mortgage Group and Jones Mortgage Group, divisions of GVC Mortgage, Inc. All rights reserved. NMLS# 2334 (www.nmlsconsumeraccess.org). Equal Housing Opportunity. 600 Corporation Dr Ste 200, Pendleton, IN 46064. This is not a commitment to lend. Borrowers must qualify. Program guidelines are subject to change without notice. Loans not available in all states. Fancher Mortgage Group is not acting on behalf of HUD, FHA, or any other federal or state government agencies. By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Call 317.660.8041 for details.
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.
