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.Manulife one consolidates your debts.
When you open a Manulife one account, we'll lend you up to 75% of the current market value of your home, using your home as security. You use this money to pay off whatever is left
of your existing mortgage, as well as any other outstanding loans you might have.
Manulife one puts your money to work.
Instead of having your chequing account, savings and short term investments sitting in a bank earning low or no interest, Manulife one puts your money to work for
you, instantly reducing your total debt. And by adding your regular income to the account, you continue to reduce your debt and the interest you pay on that debt, the minute you make the deposit .
Manulife one
simplifies your finances.
In one easy step, the
key elements of your financial life - your mortgage, savings, chequing account, credit cards, loans and income - are all combined within a single multi-purpose account.
Now, instead of trying to keep track of monthly statements from different sources, you'll always know exactly where you stand financially thanks to the convenience of your Manulife one monthly
statement.
Manulife one
opens the door to savings and flexibility.
Though you still have debt, Manulife one saves you money in two very important ways:
- all your loans are now payable at a competitively low rate of interest; and
- interest owing is calculated daily, which means every dollar you deposit immediately lowers your debt and therefore reduces the amount of interest you owe.
These two advantages in themselves can lead to significant savings over time.
You also have a new-found world of flexibility. Manulife one allows you to speed up or slow down your debt repayment at any time, depending on your changing needs or
circumstances. Plus, you have the freedom to reduce your debt through lump sum payments whenever extra cash is available.
Simple. Sensible. Savings. Good reason to change.
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