InstaMortgage partners with Calque to offer repossession mortgage | News

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SAN JOSE, Calif.–(BUSINESS WIRE)–April 26, 2022–

InstaMortgage, a technology-focused mortgage lender licensed in 26 states, today announced a partnership with Modeled to offer an innovative approach to mortgage lending with the Trade-In Mortgage™.

Calque, launched in 2021, allows homeowners to use the equity in their current home to buy their next home with the repossession mortgage. Unlike other senior mortgage solutions, homeowners can choose their own real estate agent and work with InstaMortgage to purchase a new home using an 80% conventional loan without selling their existing home first. With the swap mortgage, a homebuyer can make an unconditional offer that’s equivalent to cash on a new home in today’s increasingly competitive real estate market.

“InstaMortgage has identified Calque as an innovative solution for a homebuyer in a tight market,” said Shashank Shekhar, Founder and CEO of InstaMortgage. “With their home equity at an all-time high, homeowners can leverage their current equity with a mortgage product like the Exchange Mortgage to purchase their next property. Homeowners can buy and move into their new home before selling their existing home. It’s so easy.”

This is another lending solution from InstaMortgage that differentiates the company and provides a radically different mortgage experience for savvy consumers.

“Calque has found an ideal partner with InstaMortgage,” said Peter Kallodayschsack, Chief Operations Officer at Calque. “We were looking for a mortgage company committed to putting the customer first. The Swap Mortgage provides a far superior home buying experience for homeowners looking to leverage the equity in their existing home to purchase their next home. »

About Layer

Launched in 2021, Layer allows homeowners to use the equity in their current home to purchase their next home. Calque’s Exchange Mortgage is an innovative mortgage product that simplifies and streamlines the home buying process. Using Trade-In Mortgage™, homeowners can submit attractive, unconditional offers and cash on a new property, buy and move into their new home before selling yours, make repairs and showcase their old house for sale after they left. To learn more about Layer, visit http://calqueinc.com.

About InstaMortgage

Originally founded in 2008 by Shashank Shekhar as Arcus Lending, the company rebranded as InstaMortgage in 2021. InstaMortgage aims to deliver a radically different mortgage experience to its customers in 26 states. By combining their superior technology with expert advice, excellent customer service and competitive rates, they offer mortgage options tailored to each client’s unique financial situation. The company was named to the Inc 500 list of America’s fastest growing private companies and recognized in the mortgage industry as one of the best producers and one of the best places to work. InstaMortgagedba Arcus Lending Inc, NMLS 1035734

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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY SOFTWARE

SOURCE: InstaMortgage

Copyright BusinessWire 2022.

PUBLISHED: 04/26/2022 09:00 / DISK: 04/26/2022 09:02

http://www.businesswire.com/news/home/20220426005181/en

Copyright BusinessWire 2022.

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