If you're a Manulife mortgage, you know how challenging it can be to manage your mortgage payments while also trying to save for other financial goals. That's where the Manulife One Mortgage product comes in. As a mortgage broker, we are proud to offer this innovative product to our clients as a way to help them save money and achieve their financial goals. In this article, we'll explore how the Manulife One Mortgage can help you save money on your mortgage in Vancouver BC.
What is the Manulife One Mortgage?
The Manulife One Mortgage is a flexible mortgage product that combines your mortgage, savings, and income into one account. This unique product allows you to use any excess funds you have to pay down your mortgage faster, which can help you save money on interest over time.
How Does the Manulife One Mortgage Work?
The Manulife One Mortgage works by consolidating all your debts into one account, including your mortgage, loans, and credit cards. This means that any money you have in savings, chequing accounts, or other accounts can be applied directly to your mortgage to reduce the interest you pay.
For example, let's say you have $20,000 in savings and a mortgage balance of $300,000. With the Manulife One Mortgage, you could apply the $20,000 in savings directly to your mortgage, reducing your mortgage balance to $280,000. This would lower the amount of interest you pay on your mortgage over time, ultimately saving you money.
Why Choose the Manulife One Mortgage?
The Manulife One Mortgage offers several benefits that make it an attractive option for homeowners in Vancouver BC. These include:
Flexibility: The Manulife One Mortgage is highly flexible, allowing you to pay down your mortgage faster and access your funds when you need them.
Interest savings: By using any excess funds to pay down your mortgage faster, you can save money on interest over time.
Simplified banking: With all your accounts consolidated into one, you can simplify your banking and reduce the amount of paperwork you need to manage.
Customizable payment options: The Manulife One Mortgage allows you to choose how and when you make your mortgage payments, giving you greater control over your finances.
Final Thoughts
As a mortgage broker in Vancouver BC, we are proud to offer the Manulife One Mortgage product to our clients. This innovative product can help you save money on your mortgage and achieve your financial goals faster. If you're interested in learning more about the Manulife One Mortgage and how it can benefit you, please don't hesitate to contact us.
Contact Information:
Please click here: https://bc-mortgage-broker.ca/manulife-one-mortgage/
Call: 604.318.1292
Email: jeff@bc-mortgage-broker.ca
Add : 1200 W 73rd Ave #1100, Vancouver, BC V6P 6G5, Canada
