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January Demo Day: The Trade-In Mortgage powered by Calque

Housing Wire

The Trade-In Mortgage powered by Calque The Trade-In Mortgage is a white-labeled ‘buy before you sell’ solution that is simpler and more cost-effective than competing products. Win more deals with Calque by helping clients make non-contingent offers and qualify more easily. Just check our website – we don’t have an NMLS! #2

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. When, and if, contingent offers are accepted, they can result in paying as much as 11% more for the home relative to a cash offer.

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Knock expands availability of Home Swap solution in Texas

Housing Wire

Knock provides consumers with a mortgage on the new home, an interest-free bridge loan to cover the down payment, coverage of mortgage payments on the old house, and up to $25,000 for home prep and repairs for the old house. Knock Home Swap is accessible for 8,000 agents in Atlanta, Phoenix and the Texas markets.

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4 Things Sellers Need to Know About Backup Offers

First Team Real Estate

The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. What does it mean when it says accepting backup offers? What is a backup offer? Backup offers, however, can be tricky.

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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

All of the first-time buyers are a lot of the reason why things are falling out of escrow — being a backup offer is a good position to be in our market right now,” Levin said. While agents are happy to see first-time buyers in the market, it has also resulted in more complications getting a transaction to the closing table.

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What Pennymac TPO’s rebrand means for the wholesale channel

Housing Wire

The mortgage industry is coming out of back-to-back amazing years, and while 2022 still holds great opportunity for the industry, it also signals a pivot point for market participants. In recognition of the transitions ahead, Pennymac is making changes to ensure that 2022 forms the foundation for long-term value for its wholesale partners.

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What is a Contingent House Listing?

Point2Homes

A home listed as contingent means the seller has accepted an offer. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. A backup offer is not uncommon in real estate sales. No Showings. Common Contingencies Found in Real Estate Contracts.