C2 Financial Engages Calque to Launch ‘C2 Buy Before You Sell’ Across the Country

—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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240328966578/en/