The Manulife One
The Manulife One is a flexible all-in-one mortgage and banking solution provided by Manulife Bank, one of Canada's leading financial institutions. It combines a mortgage, a line of credit, and a chequing account into a single integrated banking product. With the Manulife One, you can consolidate all your debts, savings, and income into one account, simplifying your finances and providing greater control over your money.
In today's economy, financial flexibility is a valuable asset. The Manulife One, and products like it, offer a unique solution that can help you achieve your goals. In this blog post, we will explore three scenarios where a Manulife One is an excellent tool for funding your life and having fun along the way.
Unlocking Your Desires - The House-Rich Widow:
Imagine being a widow who has spent a significant portion of your life working hard and accumulating wealth in the form of your house. While your home may be a source of security, you find yourself cash-tight when it comes to fulfilling your desires. Let's say you've always dreamt of having a hot tub in your backyard, but you lack the necessary cash flow to make it happen.
In such a situation, we recommend considering a Manulife One. By putting this flexible financing tool in place, you can tap into the equity you've built in your home. Accessing a portion of the equity will give you the funds needed to bring that dream hot tub to your doorstep, transforming your retirement into a blissful sanctuary.
Seizing Investment Opportunities - The Inheritor's Dream:
Life often presents us with unexpected opportunities. Suppose you are an established professional couple who recently inherited a condo. You were renting before, so you move into the new place free and clear. You also have your eye on a promising leisure property in Costa Rica. The challenge is bridging the financial gap between the inherited condo and the leisure property.
With a Manulife One Account, this challenge can be easily overcome. By leveraging the equity in the condo, you can access funds to purchase in Costa Rica. The flexible line of credit portion of your mortgage allows you to seize investment opportunities promptly, potentially enhancing your financial portfolio and further securing your retirement years.
Embracing Financial Freedom - Enhancing Your Lifestyle:
Many homeowners find themselves in a situation where their house holds significant value, but their day-to-day cash flow remains tight. You may yearn for more financial freedom to live life to the fullest, pursue new hobbies, or embark on adventures during your retirement. However, traditional financing options may not align with your needs.
Enter the Manulife One, which serves as a viable solution to free up your finances and unlock the flexibility you desire. Utilizing the Manulife One allows you to access the equity built in your home, providing you with the necessary funds to embrace a more fulfilling lifestyle. Whether renovating your home, travelling the world or *taking a monthly income, a Manulife One empowers you to enjoy your life to the fullest.
The Manulife One is on your home as long as you own it, regardless of your income. Don't let financial constraints hold you back—discover the power of the Manulife One and embark on a future filled with possibilities. Book a complimentary appointment to start the conversation.
*You can use the Manulife One to provide an income for yourself. Example, you might take $500/month total of $6,000 per year. Over 10 years that’s $60,000 of tax free income. Not too shabby!
