Tech mortgage lender InstaMortgage announced a partnership with Calque to offer the Trade-In Mortgage™, allowing homeowners to use the equity in their current home to buy their next home.
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.
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