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.
