NRL Mortgage has partnered with the fintech Calque to launch The Trade-In Mortgage in 45 states.
According to the companies, The Trade-In Mortgage enables homeowners to leverage their home equity to purchase a new home before selling their current one. By working with Calque, NRL Mortgage said that it can offer better terms to their clients looking to switch homes. NRL Mortgage clients can use the equity in their current property to make non-contingent offers, finance and move into their next home before they sell their current home, and qualify for the home they want by bypassing key debt considerations while their new loan is being underwritten.
“We are dedicated to our clients, and we aim to secure the best mortgage strategy for them, under any conditions,” said Mewael Ghebremichael, CEO at NRL Mortgage. “Integrating The Trade-In Mortgage into our product offering allows NRL Mortgage to provide a lending solution for clients who want or need to tap into equity accrued in their current home in order to purchase their next home.”
“NRL Mortgage stood out as one of the top mortgage lenders to offer The Trade-In Mortgage,” said Dan Mugge, chief operating officer at Calque. “True to their mission, NRL Mortgage brings reliability and dependability back into home financing for consumers, and we look forward to The Trade-In Mortgage making a difference for their buyers.”
