Macquarie Mortgage Choice introduces a flexible first-mortgage home equity line of credit with built-in security

The Macquarie Mortgage Choice lets borrowers cap their interest rate for an initial period at the level they choose. MMC, the latest product from Macquarie Mortgages USA Inc. is a mortgage loan designed to help build assets, reduce monthly payments,
save interest and accelerate principal payoff. Macquarie Mortgage Choice
combines a home equity line of credit (HELOC) with an interest-only (first 10
years), variable rate loan with initial periodic interest rate cap options
that offers both flexibility and security against rate increases, plus the
potential to benefit from rate decreases. The Macquarie Mortgage Choice
offers:

- Up to 100% LTV first-mortgage HELOC*
- Interest-only payments for the first 10 years of a 30-year term
- 1-, 2- or 5-year initial periodic interest-rate-cap options
- A choice of Prime or 1-month LIBOR index
- No borrower-paid mortgage insurance, escrows or prepaid interest at
closing
- Access to available equity with free checkbook
- Purchases or cash-out refinances
- No seasoning on refinances
- No minimum draw amounts
- No maximum number of monthly transactions
- Loans up to $2 million**

Macquarie Mortgage Choice gives borrowers the option to cap their interest
rate at a level they are comfortable with for a defined period of time. This
means that if interest rates rise during the period of time chosen, the
borrower knows what their maximum rate will be. However, if interest rates go
down the borrower has the advantage of their interest rate also going down, as
they are not locked into a fixed rate.

Under a traditional home loan, borrowers can access their home's equity
only by taking out a second mortgage or by refinancing. With the Macquarie
Mortgage Choice HELOC, they can access their home's available equity any time
they need it. All they have to do is write a check from their mortgage
accounts.

You can get more information about Macquarie Mortgages USA's products and
services at http://www.macquariemortgages.com