Trade In Mortgage

Unlock the freedom to purchase your next home—before selling your current one. A Trade-In Mortgage is a specialized home financing product designed to provide homeowners with maximum flexibility during the home buying and selling process. It’s essentially a “buy-before-you-sell” solution that allows clients to purchase their new home before selling their current property.

Why choose a Trade-In Mortgage loan

• Flexibility and Convenience: This product eliminates the stress and timing challenges of coordinating the sale of your current home with the purchase of your new one. You can move into your new home immediately without waiting for your old home to sell.

• Affordable Solution: Trade-In Mortgages are designed to be cost-effective, providing an accessible way for homeowners to upgrade or relocate without the financial burden of carrying two mortgages simultaneously.

• Guaranteed Sale Process: The program includes a guarantee mechanism where a third-party buyer will purchase your home if it doesn’t sell within a specified timeframe, providing peace of mind and eliminating the risk of being stuck with two properties.

• Profit Protection: If the third-party buyer purchases your home and later sells it for a profit, you may be entitled to a portion of that profit, making it a potentially beneficial arrangement for all parties involved.

How Trade-In Mortgage loans work

• Application Process: You apply for a Trade-In Mortgage on your new home while still owning your current property.

• Home Valuation: Your current home is professionally appraised to determine its market value.

• Purchase New Home: You can immediately purchase and move into your new home using the Trade-In Mortgage.

• Marketing Period: Your old home is listed and marketed for sale during a predetermined period.

• Guaranteed Sale: If your home doesn’t sell within the specified timeframe, a third-party buyer will purchase it at the appraised value, ensuring you’re not left with two properties.

• Profit Sharing: Any profit made by the third-party buyer upon resale may be shared with you, providing additional financial benefit.

This innovative approach to home financing removes the traditional barriers and timing constraints of the home buying and selling process, making it an attractive option for homeowners looking to upgrade or relocate without the typical stress and financial uncertainty.