HarborOne Mortgage and Calque Team Up for Innovative Solutions
HarborOne Mortgage and Calque Join Forces for Homebuyers
In the evolving landscape of the real estate market, HarborOne Mortgage has partnered with Calque to introduce innovative solutions to assist homebuyers. As a leading mortgage provider serving customers in the Northeast since 1983, HarborOne is now able to offer unique options like the Trade-In Mortgage and the Contingency Buster, significantly easing the burdens traditionally faced by homebuyers.
Understanding Buy Before You Sell Solutions
The concept of 'buy before you sell' allows homeowners to purchase a new property without the immediate pressure to sell their existing home. This flexibility is crucial, particularly in a competitive housing market dominated by cash offers. Borrowers gain access to different loan options that cater specifically to their financial needs, allowing them to secure their desired properties more easily.
The Advantages of the Trade-In Mortgage
One of the standout products offered is the Trade-In Mortgage. This solution lets borrowers tap into their existing home equity, providing them with a larger down payment on their new home or assisting with other financial obligations. By leveraging equity, homeowners can enhance their competitive edge in an increasingly challenging marketplace, making their offers more attractive to sellers.
Benefits of the Contingency Buster
On the other hand, the Contingency Buster acts as a more budget-friendly option. This product stands out by being a quicker way to navigate the home buying process, especially for those wary of unnecessary financial strain. With this offering, clients are equipped with tools that allow them to make stronger, non-contingent bids, akin to cash offers, thus opening up their possibilities in home purchase negotiations.
Navigating Today's Housing Market
Today's housing market poses various challenges for homebuyers, especially as rising prices make it harder to compete against cash offers from larger entities. Through this partnership, HarborOne Mortgage and Calque aim to empower everyday buyers, giving them the tools necessary to present competitive, non-contingent offers. This innovative approach not only enhances chances of securing properties but also broadens homeownership opportunities in the region.
The Vision Behind the Partnership
Chris Urick, VP Regional Sales Manager, states, "Calque’s product solutions, combined with HarborOne’s extensive menu of programs, will provide our clients and Loan Officers with new advantages in our very challenging real estate markets." This collaboration seeks to inspire buyers who may have previously hesitated to enter the market due to financial burdens. The partnership is geared towards opening doors for homeowners to explore higher price points, thus strengthening their buying potential.
Furthermore, Michael Bremer, CEO of Calque, emphasizes the alignment of values between the two organizations, noting, "HarborOne Mortgage is recognized as one of the best lenders in the Northeast... The Trade-In Mortgage streamlines the purchasing process, giving buyers a significant advantage in competitive markets." This shared commitment to excellence ensures a solid foundation for both companies and their customers.
About HarborOne Mortgage
HarborOne Mortgage has established a strong presence in residential mortgage lending since 1983. As a reputable service provider under the protection of a $5.4 billion community bank, HarborOne has expanded its reach to cover a substantial portion of the East Coast, providing customers with tailored mortgage solutions. Its seasoned team of mortgage professionals is dedicated to delivering exceptional service and support, encapsulated in the concept of the HarborOne Mortgage Experience, or HOME, which signifies both service quality and customer satisfaction.
About Calque
Calque focuses on creating seamless home purchase solutions by partnering with community lenders nationwide. Their innovative mortgage products, including the Trade-In Mortgage and Contingency Buster, are designed to simplify and enhance the home buying process. The goal is to empower homeowners by providing them with the flexibility to make substantial non-contingent offers, thereby fostering a less stressful and more affordable home purchasing experience. Calque's commitment to utilizing only reputable, FDIC-insured financial institutions further strengthens their mission to support consumers nationwide.
Frequently Asked Questions
What is the main goal of the HarborOne Mortgage and Calque partnership?
The main goal of this partnership is to provide innovative mortgage solutions that allow homeowners to purchase a new property without the stress of having to sell their existing home first.
What are the benefits of the Trade-In Mortgage?
The Trade-In Mortgage allows borrowers to tap into their existing home equity, which can be used as a larger down payment on a new property or to pay off other debts, thereby making offers more competitive.
What is the Contingency Buster and how does it work?
The Contingency Buster is a budget-friendly option that enables homeowners to make quicker, non-contingent offers on new homes, increasing their chances of securing desired properties in a competitive market.
How does this partnership benefit typical homebuyers?
This collaboration helps typical homebuyers compete more effectively against cash offers by empowering them with flexible financial options, thus making homeownership more accessible.
Where is HarborOne Mortgage located, and what areas do they serve?
HarborOne Mortgage operates as a subsidiary of HarborOne Bank and serves an extensive area across the East Coast, providing comprehensive mortgage solutions to customers in several states.
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