Why Manulife One Matters for Debt Reduction

• Daily interest savings: Every deposit—from your income or savings—directly reduces your mortgage balance, lowering your interest costs right away.

• Flexibility and control: The main account has no required payment schedule, giving you the freedom to pay down debt as quickly or gradually as suits your financial situation.

• Customizable structure: Sub-accounts allow you to lock in parts of your mortgage at fixed or variable rates, providing predictability where you want it and flexibility where you need it.

How the Main Account and Sub-Accounts Work

• Main Account: Operates as a variable-rate line of credit secured by your home. Every deposit reduces your principal instantly, and with interest calculated daily, your savings grow naturally.

• Sub-Accounts:

  • Term sub-accounts function like traditional mortgages, with fixed rates and scheduled payments. If your borrowing exceeds 65% of your home’s value (Loan-to-Value or LTV), the excess is automatically placed in a term sub-account to help ensure disciplined repayment.

  • Tracking sub-accounts help you organize specific debts within the main account—useful for keeping expenses like renovations or business costs separate—while sharing the same variable rate.

Flexibility and Structure—Best of Both Worlds

Manulife One’s structure offers a smart mix of choice and accountability. It’s ideal for homeowners who want flexibility in managing their cash flow but are committed to reducing debt over time. While it rewards proactive financial habits, regularly re-borrowing what you’ve paid down can limit your long-term benefit. Used wisely, it’s a powerful tool for building equity and reaching mortgage freedom sooner.

👉 Learn more or apply here: Visit the official Manulife One page