In the market for a first home, looking to size up or need funds for an emergency?
Personal Line of Credit (PLC)
Equity Take Out Loan
Pay off your Mortgage years earlier with Manulife One!
Does your monthly banking look something like this?
What if your deposits and your borrowing were combined into a single account so that every dollar you earned automatically went towards paying down your debt? That’s exactly what Manulife One does, and more! It brings your mortgage, savings and income together to help you:
• save thousands in interest
• be debt-free years sooner
• enjoy financial flexibility; and
• simplify your everyday banking
That’s because with Manulife One, every dollar you deposit goes towards paying off your debt, every day.
Reduce your borrowing costs
When you transfer your savings and/or short-term investments into your Manulife One account, they go immediately towards paying down your debt. The same applies to your income. Every deposit you make into your account reduces your debt, saving you interest costs until you need to withdraw funds to pay for monthly living expenses. Manulife One also allows you to consolidate all your debt (loans, credit cards, etc.) up to your borrowing limit at a competitive low interest rate.
Now your monthly banking will look more like this:
By repaying all your higher-interest debt from your Manulife One account, you could reduce your interest costs and become debt-free sooner.
More savings may apply when combined with Manulife Visa cards!!
Call us today to learn how you can pay off your mortgage sooner with Manulife One!
*Borrowing to invest is not suitable for everyone. Losses as well as gains associated with such practice may be magnified. This information has been prepared by Jeff Greenfeld who is an Investment Advisor for HollisWealth®. Opinions expressed in this page are those of the Investment Advisor only and do not necessarily reflect those of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.