Calque, an Austin-headquartered fintech, has debuted the Contingency Buster, its newest “buy before you sell” program.
According to the company, the Contingency Buster is designed for homeowners who want to quickly remove home sale contingencies and debt-to-income constraints at any point in the homebuying process. The Contingency Buster leverages Calque’s Purchase Price Guarantee (PPG), a binding backup contract that ensures Calque will purchase a homebuyer’s current residence at an agreed-upon price if the property does not sell within 150 days. The Calque PPG enables established lenders to provide non-contingent financing on the new home and remove the original home from debt-to-income, the company added.
“Calque has consistently delivered exceptional service, meeting the demands of lenders and real estate professionals who seek innovative solutions for their clients in today’s competitive market,” said Calque CEO Michael Bremer. “With the introduction of the Contingency Buster, we are elevating our commitment to providing faster, more cost-effective options that pave the way for seamless home buying and selling experiences.”
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