Macquarie Asset Manager

Hello Folks.

Today I would like to introduce you to the Macquarie Asset Manager™ offered by Macquarie Mortgages USA, a subsidy of Maquarie Group based in Australia. This is another mortgage/checking account hybrid very similar to the Home Ownership Accelerator.

Like the Home Ownership Accelerator, the Macquarie Asset Manager allows the borrower to save on mortgage interest by depositing your paycheck into the account and help keep the mortgage balance low. At the end of the month, after all bills have been paid, the mortgage interest is calculated based on the average daily balance.

The Macquarie Asset Manager offers a great interactive online calulator that allows you to input your personal financial information and can simulate how the product can work for you. There's even an online caculator offered by the Maquarie Asset Manager that can help you determine how much interest you might be able to save over a traditional 30 year fixed rate loan or an adjustable rate mortgage (ARM). The savings can often be quite significant with the Macquarie Asset Manager.

There isn't much information on this Macquarie Asset Manager at the moment, but I will update as more information becomes available.