Interested in paying off your mortgage sooner?

Consider the benefits of a non-traditional (collateral mortgage) as opposed to the traditional mortgage options.

TRADITIONAL

Slow start Payments in the first 5 to 7 years are mostly interest.

Speed limit Financial institution limits how quickly you can pay off the principal. For example, fixed percentage or limit on lump sum payments.

Payments don't equal paydown Even lump sum payments do not necessarily bring down the principal.

NON-TRADITIONAL (MANULIFE ONE ACCOUNT)

• Fast start Every payment is applied to principal first helping to lower the balance and interest.
• Eliminate speed limits There is no limit on the amount that you can pay down in a year.
• Flexibility A fully functioning chequing account, mortgage and high interest savings account in oneand possibility to waive fees.

** Existing Manulife clients may qualify for $1000 cash back. Naturally conditions apply.
** One of the benefits of Manulife One is the ability to have fixed terms within the account. Allowing you to have the benefits of both a traditional and non traditional. In these scenarios the traditional limits could apply.
*** Manulife One is also available for businesses.

Sound interesting? I will be sharing stories soon about real people who have benefited from Manulife One to reduce debt and improve cash flow. For more information please feel free to contact me or contact either
Nola Simon, Business Development Consultant, Manulife Bank nola_simon@manulife.ca
Shagun Sharma, Retail Lending Specialist, Manulife Bank shagun_sharma@manulife.ca

PS: Earn 1.25% interest + get unlimited free banking! Ask me about Canada's best bank account.

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