  |
 |
| |||||||||
Mortgages Whether you’re a first-time homebuyer, refinancing or want a more convenient or integrated way of banking, Manulife Bank offers a range of mortgage choices. Which is the right one for you? Manulife One Manulife One is an innovative, all-in-one account that allows you to combine your mortgage, personal loans and lines of credit with your income and short-term savings. It can save you interest costs and give you more control over your finances. It’s an effective cash flow and debt management tool; and, you can use freed-up cash flow to address other financial needs. Manulife Bank Select Manulife Bank Select provides you with an integrated banking solution that combines a traditional amortizing mortgage with a high-interest, full feature chequing account.* Preferred Rate Mortgage If you’re looking for a traditional mortgage, Manulife Bank’s Preferred Rate Mortgage gives you a low fixed rate – guaranteed to be among the best in the marketplace – without haggling. Mortgage Loan Insurance If you have a down payment of less than 20%, you will need to purchase Mortgage Loan Insurance. Mortgage Loan Insurance protects the lender in the unfortunate event that a property forecloses. This insurance is offered by the Canada Mortgage and Housing Corporation (CMHC) or Genworth Financial. In some instances, it is required even if the down payment is 20% or more. Those cases can be explained to you by your Banking Consultant. If you do require Mortgage Loan Insurance, we will provide you with a Mortgage Loan Insurance Disclosure form that clearly identifies your premium and all your personalized details in relation to it. *Interest earned is calculated on the daily closing balance and added to your account monthly. Visit manulifebankselect.ca for a full list of account features and, where applicable, fees |
