Manulife One – All-in-One Mortgage and Banking Account

Manulife is offering a revolutionary new banking system, an all-in-one mortgage and banking account. This new product allows you to combine your mortgage with your bank accounts, short-term savings, income, and other debts. Even if your mortgage is with your personal bank, that bank treats them as separate accounts and the amount you have in your savings does nothing to decrease the principal balance of your mortgage.

How Does it Work?

Manulife One offers a flexible alternative to a traditional mortgage. It gives you the ability to save money on interest and access your home equity if needed.

Click here to watch a video about how this product works!

Benefits of Manulife One All-in-One Mortgage and Banking Account

Flexible Payments – as long as your have borrowing room, you can increase or decrease your payments as needed.

Save Interest Costs – every dollar you deposit from your income or savings immediately reduces your overall debt (principal). You can access that money anytime, but now you can use the money in your savings account to both gain interest and reduce the principal amount of your mortgage!

Become Debt-Free Sooner – by depositing your short-term savings and income, you reduce your loan balance and lower your borrowing cost. This can take years off your mortgage

Access to Money When Needed – Manulife One enables you to be prepared for a rainy day, by giving you access to your money when it is needed. This type of all-in-one account gives you access to your savings and home equity if required.

Is Manulife One Right for You?

Manulife One is designed for people who prefer a flexible alternative to a traditional mortgage. Manulife One is the ideal mortgage and bank account system for people that:

  • Want to refinance or transfer in your existing mortgage with at least 20% equity
  • Are buying a new home and have a minimum 20% down payment
  • Want to simplify their finances with an all-in-one mortgage and bank account.

If you want to learn more about Manulife One all-in-one mortgage and banking account, contact DENT Benefits today!

The information in this material is derived from various sources. Material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources; however, no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please contact us for benefit, pension and insurance advice based on your corporate or personal circumstances.

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