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The Macquarie Asset Manager™ is a loan product currently offered by Macquarie Mortgages USA, a subsidy of Maquarie Group
based in Australia. This makes sense because the mortgage/bank account hybrid is an idea that originated in Australia. In
fact, nearly 40% of all loans written "down under" are of the mortgage/bank account type.
This product is very similar to the Home Ownership Accelerator™ offered by CMG in that they both require the borrower
to refinance into a Home Equity Line of Credit (HELOC). By combining your mortgage and checking account into the Maquarie Asset Manager™ allows
any extra money that is not used each month for bills stays in the account and keeps your mortgage balance down, saving you interest.
Maquarie offers an excellent interactive online calulator that allows you to input different financial information that will show
you how the product can work for you. They even have a caculator that shows you how much interest you could save over a traditional
30 year fixed rate loan or an adjustable rate mortgage (ARM). The savings can be quite significant.
Qualifications
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