Platte River Mortgage Partners with Calque to Offer The Trade-In Mortgage in Colorado
2024年7月31日 - 2:00AM
ビジネスワイヤ(英語)
— Lending Solution Empowers
Homeowners to Tap Their Home Equity to Purchase Their Next
Residence Without Selling Their First—
Platte River Mortgage & Investments, Inc., a Colorado-based
mortgage and investment firm, has partnered with Calque, to expand
The Trade-In Mortgage™ in Colorado. The Trade-In Mortgage is an
innovative loan option that gives borrowers the ability to use
their home equity for purchasing another property prior to selling
their present one.
The Trade-In Mortgage is another way that Platte River Mortgage
delivers custom-tailored mortgage solutions. Calque provides a
guaranteed backup offer; with this in hand, Platte River Mortgage
loan officers can write non-contingent financing on the new home
and empower their borrowers to make a more significant down payment
with a HELOC that does not count towards their debt-to-income
ratio. By tapping the equity in their homes before they sell,
borrowers working with Platte River Mortgage can make
non-contingent bids as good as cash offers that are more likely to
secure their dream home.
The Colorado market is defined by high interest rates and rising
home prices. Many home shoppers who already own a home and are
looking for a new property must make contingent offers on the
property they want. Homebuyers that present an offer with
contingencies find themselves at a disadvantage compared to
investors and larger entities who can make all-cash bids. With
Calque, Platte River Mortgage can bring hard-working consumers back
into the market when they use their equity to compete with all-cash
offers without taking on the risk of a traditional bridge or moving
out before they sell. Platte River Mortgage and Calque solve the
problems with contingent bids by changing the lending process.
“Platte River Mortgage is committed to providing a full array of
real estate and financial services, like The Trade-In Mortgage,”
said Sean Sedita, partner and co-founder of Platte River Mortgage.
“Working with Calque empowers us to provide buyers with confidence
during home purchase negotiations. With The Trade-In Mortgage,
buyers can use their accrued equity to purchase their next home,
our borrowers appreciate the ingenuity we have provided with this
product.”
“Platte River Mortgage has been providing superior investment
and lending for more than 20 years. Their outstanding reputation
and dedication to ensuring customer satisfaction make them the
perfect partner for Calque,” said Michael Bremer, CEO of Calque.
“With the Trade-In Mortgage, homebuyers can not only simplify their
buying process but also gain an edge in securing their desired
property in a competitive housing market like Colorado.”
About Platte River Mortgage
Platte River Mortgage & Investments, Inc. was founded in
2005 based on the principle that a more favorable model could be
developed for structuring mortgage loans and providing a higher
level of service. Remaining purposefully small as a boutique
mortgage company, we have grown our business through referrals from
existing clients, real estate partners, and financial advisors.
Cultivating these kinds of relationships through trust,
transparency, and a track record of performance allows us to focus
our resources where it matters most: Our Clients.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240730180162/en/
Alyson Austin 949-403-0484 alyson@gaffneyaustin.com