Purchase Price Guarantee (PPG) for Your Current Home
Purchasing a new home before selling your existing one can often be a daunting prospect. However, with Calque’s Purchase Price Guarantee (PPG), you can navigate this process with ease. This guarantee acts as a safety net, ensuring that Calque will purchase your home for a pre-agreed price if it remains unsold on the open market within a specified timeframe. This arrangement allows Integrity Home Mortgage Corp. to finance your new home as though the existing one has already been sold.
Calque’s Buy-Before-You-Sell Solutions
Calque offers two innovative solutions designed to help you buy before you sell: “The Trade-in Mortgage” and “The Contingency Buster.”
The Trade-in Mortgage
- Buy Before You Sell: Avoid the hassle of coordinating the sale of two homes, the inconvenience of short-term rentals, and the stress of moving twice. Secure your dream home now and sell your current home after you’ve moved.
- Make a Bigger Down Payment: Utilize the equity in your current home to make a larger down payment, thereby reducing monthly payments on your new home.
- Win More, Stress Less: Stage and list an empty house for full market value, while enjoying peace of mind with a guaranteed backup offer.
The Contingency Buster
- Buy Before You Sell…for Less: Obtain a guaranteed backup offer for the minimum amount needed to eliminate your home sale contingency.
- Upgrade Your Bid to Win: Eliminate contingencies from any offer you’ve made—or might make—to win a bidding war.
- Quickly Protect Your Closing: If you have contingent financing and your buyer backs out, Calque can extend the backup offer within 2 business days or less to safeguard the closing on your new home.
How Calque Works
Calque is a distinctive service designed to partner with community lenders, with the primary aim of enabling homeowners to purchase a new home before selling their current one. Operating as an independent entity, Calque is not affiliated with Integrity Home Mortgage Corp.
Important Considerations
- Homeowner Responsibilities: Until the departing residence is sold, the homeowner remains responsible for all associated mortgage payments.
- Conventional Loan Requirement: The new property must have conventional home loan financing.
- Purchase Price Guarantee: Calque provides a Purchase Price Guarantee as a backup offer. If your home does not sell within the specified timeframe (up to 150 days in most markets), Calque will purchase it at the agreed-upon price. Should Calque resell the home for more than the guaranteed price, they will return the net profit to you after deducting their expenses. These expenses might include agent commissions, title and closing costs, property taxes, assessments, and interest expense.
- Property Eligibility: Restrictions may apply. For more information, please contact your agent and lender.
With Calque’s solutions, you can confidently navigate the transition to your new home, knowing that you have a reliable partner to support you through the process.