Manulife One Preferred Pricing
Reduced rate, no $1 million cap, shorter terms.
Preferred Pricing Rates as at November 20, 2024*
| Term | Standard Pricing | Preferred Pricing |
|---|---|---|
| 5 year fixed | 4.84% | 4.74% |
| 3 year fixed | 4.89% | 4.84% |
Our new Preferred Pricing discounted rate helps two key areas of your business:
- The discounted rate is available on refinances and equity take outs
- We’re removing the $1million property value cap, which makes us far more competitive in key high-value markets and among high net-worth clients.
To qualify for this Preferred Pricing interest rate1, clients will need to have the following:
- A minimum of 25% advanced in the Main account
- Are below 44% TDS
- Below 39% GDS
- No maximum home values
- Applies to purchases and refinances.
Preferred Pricing is built upon establishing the Manulife One as its was originally designed – with debt allocated to the main account to take advantage of income and helping reduce interest costs on a daily basis.
This simplified pricing allows us to stay focused on a Manulife One conversation where you can explain that interest rate is only part of the equation in determining the cost of home ownership. Manulife One is centered around improving cash-flow and using every dollar deposited to the main account to immediately reduce debt and potentially save thousands in interest costs.
When Manulife One is used as it was originally designed, it allows your clients to put more money in their pockets and potentially be debt-free years sooner.
For more information, contact your dedicated Business Development Team.
Note: Insurable pricing remains for our Manulife Bank Select mortgages.
* All rates are current as at November 20th, 2024 and are subject to change without notice. We endeavour to make this information as accurate as possible, however, in the event a recent rate change, please view our full list of current rates [login required] and contact us if you encounter any discrepancies.
1 Manulife One Preferred Pricing is not guaranteed. It is subject to credit approval and any underwriting requirements that Manulife Bank requires.