Enjoy Financial Flexibility with Manulife’s All-In-One Account
Imagine a banking system that streamline your banking while making your mortgage work harder at creating wealth for you. This innovative, ‘all- in-one’ account turns your income into a powerful debt-reduction strategy while the accompanying low-interest, Home Equity Line of Credit (HELOC) conveniently covers all your expenses. Welcome to Manulife ONE.
Manulife One gives you the flexibility to repay your debt more quickly when you have extra money available. There are no restrictions.
Use cash bonuses, your tax refund or gifted money to pay down your mortgage faster and save a huge amount of interest. Ask your FORTAX Financial Advisor how extra payments can save you thousands of dollars over the term of your mortgage.
It’s also ideal for people who are self employed or working on a commission basis. If your income is sporadic, those large deposits can knock down both the principal and interest on your debt, every time you have money coming in.
Depending on the allowable limit, you can consolidate all your loans and credit cards debts into your HELOC. You will reduce your interest costs because your higher-interest debt is now part of a low-interest HELOC. Put the money saved toward your payments and become debt-free sooner.