How The Trade-In Mortgage Works
The Trade-In Mortgage is an innovative loan tool that empowers Aslan Home Lending Corporation to provide borrowers with a better experience by leveraging their existing equity to buy their next home.
Better Bids: Make competitive offers that don’t have home sale contingencies
Easier Qualification: Exclude their current home from DTI calculations
Easier Process: Help client buy and move before they sell
More Savings: Use a 2nd to help buyers make a bigger down payment
Peace of Mind: Mitigate client risk with a guaranteed backup offer
Calque provides a binding backup contract on your client’s departing residence while also allowing them to sell that house to someone else for more (usually within a 150-day window in most markets). This allows you to make a non-contingent offer on the new home and qualify for this new home without counting the departing residence in the debt ratio.
We've got you covered! No two scenarios are alike, so we will go over the many options available to your buyer/seller and see what makes the most sense now as well as down the road.
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