Why it works

Debt Consolidation - With Manulife One, all your debts are together at one low rate of interest. You save interest by eliminating balances on higher-interest debt vehicles, such as credit cards or other loans. Plus, with your debts in one place, you will find that you have fewer monthly payments and more money left each month.

Savings put to work - The principles of consolidation work with savings, too: the more fragmented their finances, the less your clients’ money works for them! Putting short-term savings into a Manulife One account lowers the balance owing and saves clients interest as soon as they move it.

Daily activity - Manulife One is unique. It’s a mortgage, it operates in a way similar to a line of credit and it has chequing account status!

  • Daily interest calculation means you pay interest only on what you owe each day, so every dollar can save interest while it is in the account.
  • Depositing your income helps to lower a your balance owing until the money is needed (saving interest costs!) and covers your required payment of the monthly account interest.
  • Using it as a daily account means that every dollar you earn can save you money until you need it for living expenses. (So, the money normally used for the hydro bill can be used to reduce interest costs until the bill is paid!).

Making the most of every penny - Most people have some income left at the end of each month – $10 or $100 or $1000. No matter how much is left, they would seldom use it to pay down their mortgage, since they wouldn’t be able to get it back if they needed it.

With Manulife One, that money simply remains in the account, keeping the balance owing – and the related interest costs – lower than the month before . . . and you can always access that money if or when you need it.


For more information visit the Manulife One website at:

www.manulifeone.ca