C2 Financial Engages Calque to Launch ‘C2 Buy Before You Sell’ Across the Country
March 28 2024 - 1:00PM
Business Wire
—C2 Borrowers Can Use Existing Home Equity
to Purchase Their Next Property Without Incurring Risks
Historically Associated With Bridge Loans—
C2 Financial, a leading mortgage broker, is working with Calque
to launch C2 Buy Before You Sell across the country. With this new
program, C2 Financial enables individuals to leverage their home
equity for a new purchase prior to selling their current home. This
unique approach provides convenience and benefits for house hunters
who are homeowners to tap their current home equity to make
same-as-cash offers on their next property.
The mortgage industry has recently been characterized by
high-interest rates and competitive bidding wars for properties.
Many residential purchasers are disadvantaged by investors and
large real estate entities who can make all-cash offers. Through
its relationship with Calque, C2 Financial allows homeowners to
better compete with all-cash offers while avoiding some of the
pitfalls associated with traditional bridge loans or moving out
before selling their current home.
While bridge loans have historically been used to solve the
problem of trapped equity for borrowers, most Americans cannot
qualify for two mortgages and a bridge loan at once; others fear
balloon payments that come due with certain types of bridge loans,
whether or not their house has sold. C2 Buy Before You Sell fixes
both of these problems.
With C2 Buy Before You Sell buyers can qualify for their next
home without including their existing home or a new second lien on
that home in their debt-to-income ratio, resulting in potentially
better terms for their new loan. Furthermore, because Calque
provides a binding backup contract on the borrower’s home, there is
a date by which the house is guaranteed to sell.
“We decided to partner with Calque to offer a safer, better ‘buy
before you sell’ solution for our customers,” said C2 Financial
Founder and CEO David Temko. “Our mortgage expertise and the
guaranteed backup offer from Calque empowers homebuyers to purchase
their dream homes with much less stress.”
“This collaboration with C2 Financial is an ideal match for our
company,” said Jeremy Foster, founder and chairman at Calque. “The
ability to work with a leading mortgage provider like C2 Financial
lets us get more qualified buyers into their next home and open up
inventory for the move-up buyer.”
About C2 Financial
C2 Financial is a top mortgage broker in the nation with over 20
years of industry experience and a platform for loan originators to
grow their business and better the lives of their clients.
With a network of nearly 100 lenders, C2 offers competitive
pricing and a wide variety of loan products. C2’s streamlined
platform dramatically cuts down the amount of effort and time loan
originators spend on finding the right product, satisfying the
approval criteria, and complying with ever-evolving regulations. C2
is licensed in 34 states and offers the ability to originate
forward, reverse, and commercial loans. C2 Financial NMLS ID
#135622.
This licensee is performing acts for which a real estate license
is required. C2 Financial Corporation is licensed by the California
Department of Real Estate, Broker # 01821025; NMLS# 135622. Loan
approval is not guaranteed and is subject to lender review of
information. All loan approvals are conditional and all conditions
must be met by borrower. Loan is only approved when lender has
issued approval in writing and is subject to the Lender conditions.
Specified rates may not be available for all borrowers. Rate
subject to change with market conditions. C2 Financial Corporation
is an Equal Opportunity Mortgage Broker/Lender. The services
referred to herein are not available to persons located outside the
state of CA. C2 Financial Corporation has the ability to broker VA
loans based on their relationship with VA approved lenders. C2
Financial Corporation is not acting on behalf of or at the
direction of HUD/FHA or the VA.
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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Alyson Austin 949-403-0484 alyson@gaffneyaustin.com