As a representative of Manulife Bank we can help you obtain a mortgage or consolidate your existing obligations using either a Manulife One Mortgage or a Preferred Rate Mortgage.

About Manulife One

Manulife One is Canada’s first flexible mortgage account. It works by combining your mortgage with your chequing and savings account. As a result, the moment your income enters the account it immediately pays down your debt.

You’ll need to draw on that income throughout the month to pay for your expenses. But, since interest is calculated on a daily basis, every day that even one dollar of your income is in the account, you have less debt than you had before and so you pay less interest.

You could take years off your mortgage and save thousands in interest without any lifestyle or financial changes except using Manulife one. You can keep doing the things you do today (perhaps even do more) and still save money.

Manulife One could save you thousands in interest costs and help you become debt-free years sooner compared to your old way of banking.

How Manulife One works

The idea behind Manulife One is simple: have your income and savings work harder to reduce your total debt faster.

Consolidate your debts

When you open a Manulife One account, we could lend you up to 90% of the appraised value of your home. You use this money to pay off the balance of your existing mortgage and any other outstanding debts you might have. Now you pay one low interest rate on every dollar you borrow.

Put your savings to work

If you’re tired of earning little or no interest on your chequing account, savings balances and short-term investments, Manulife One can help put that money to work for you. Apply those balances against your borrowings, instantly reducing your total debt . . . and potentially saving you much more in interest costs than you’d likely ever make in interest earnings. And, you can take it back out whenever you want (up to your borrowing limit).

Put your income to work

By adding your regular income to your Manulife One account, you further reduce your debt the instant the deposit is made. Your income is immediately working for you to reduce loan interest costs until you need it for your monthly expenses. With even one extra dollar of your income in your account, you have less debt than you did before and so you pay less interest.

Manulife One Mortgage Rates

Preferred Rate Mortgage

Whether you are purchasing your first home, making a move or looking to refinance, Manulife Bank's Preferred Rate Mortgage provides a variety of options to suit your specific needs. Plus, with the Preferred Rate Mortgage, you’ll get up to 100% of the appraised value of your home at one of the lowest fixed rates available. You don’t have to haggle and you don’t need to waste time comparing rates or reading the fine print on so-called "special" offers.

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