Macquarie bank
Refinancing a Macquarie Mortgage
Macquarie has acted as a wholesale funder for many non-bank lenders. This is why so many Macquarie home loans go under many different brand names. In particular, Macquarie’s low doc loans are very expensive and anyone with one should consider refinancing.
If you find that the above scenario fits in with your current situation then you should enquire online to speak to one of our specialist mortgage brokers who will guide you to the right direction.
What are the exit fees / costs?
Deferred Establishment Fees (DEF) are designed to recover the costs of originating a loan. The DEF for Macquarie is payable on the full discharge of the loan in the first 4 years at the following rates:
- Year 1 - 1.25%
- Year 2 - 1.00%
- Year 3 - 0.75%
- Year 4 - 0.50%
Please enquire online if you would like more information regarding the exit costs involved in your mortgage with Bluestone.
Are Macquarie’s current interest rates competitive?
The sub-prime crisis affected many Australian organisations, including Macquarie. Due to this unforeseen event, Macquarie’s current interest rates just like all non-conforming banks, are not competitive.
About Macquarie Bank
Macquarie was founded in 1969 and it began its operation in Sydney in January 1970. It is a diversified financial services group and is the largest investment bank in Australia.
Macquarie manages a number of listed and unlisted investment funds which contributed approximately 12% of Macquarie’s total underlying operating income for the half year which ended in September 2009.
Apply to refinance your Macquarie home loan
Please enquire online to find out whether refinancing your mortgage with Macquarie is the best option to take. Speak to one of our specialist mortgage brokers who can find you the best lender that can offer a lower interest rate for your loan!
