Macquarie Financial
Macquarie Financial Ltd. is a Canadian mortgage lender and wholly owned subsidiary of the Macquarie Group. Headquartered in Australia, the Macquarie Group ("Macquarie") is a diversified international provider of financial, advisory and investment services. They focus on areas of business where their particular skills and expertise deliver a real advantage for clients, concentrating resources where they can add the most value. As a result they have established leading positions in a diverse range of market segments and regions internationally.
Active in Canada since the early 1990s, today Macquarie has more than 400 professionals located in Toronto, Vancouver, Montreal, Calgary and Winnipeg. Macquarie's activities in Canada include specialized asset management, advisory and capital markets, financial markets and lending.
| Minimum Mortgage Amount | $100,000 |
|---|---|
| Portable | Yes |
| Amortization | 10 Years Minimum, 35 Years Maximum |
| Assumable | Yes |
| Rate Guarantee | Up to 90 Days |
| Preapprovals | Yes |
| Payment Frequencies | Accelerated Weekly, Accelerated Bi-Weekly, Semi-Monthly,Monthly |
| Early Payout Penalties | Greater of 3 Months Interest or IRD for closed Fixed Rate Mortgages, 3 Months Interest for Closed Variable Rate Mortgages. |
| Prepayment Privileges |
20% of mortgage amount per year, + increase Payments by up to 20% per year |
Other Information
- Macquarie lends only in the Provinces of Ontario, Quebec, Alberta & BC.
- Macquarie Financial does not collect property taxes on behalf of borrowers.
- No nonsense renewals: You are renewed at Macquarie's best discounted rate on renewal, not the posted rate.
- Macquarie is a AAA lender only with a minimum credit score requirement of 680 for the primary borrower.
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