Digital Banking

Calque intros 'buy before you sell' program for homeowners

Photo: Adobe Stock

September 10, 2024

Calque, a fintech company, introduced the Contingency Buster, a "buy before you sell" solution for homeowners. With this tool, homeowners can use Calque's Purchase Price Guarantee, a backup contract where Calque will purchase their home if it does not sell within 150 days, according to a press release.

With this guarantee, customers can make non-contingent offers on new homes or upgrade a current offer to a non-contingent one. In addition, loan officers can remove the borrower's current home from their debt-to-come ratio to make it easier for homeowners to qualify for a new home.

The process has a 48-hour approval process and has the low fees based on the PPG amount.

"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," Michael Bremer, CEO of Calque, said in the release. "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."