Be Your Own Banker Mortgage: Understanding Manulife One
Owning a home is a significant investment, and a mortgage is often the most significant monthly expense for homeowners. With traditional mortgages, homeowners have limited flexibility and control over their finances. However, with the Manulife One account, homeowners can be their own banker. The Manulife One account has unique features that give homeowners the ability to adapt to the ebb and flow of their finances while building wealth at their own pace. In this blog post, we'll discuss how the Manulife One account works and how it can benefit homeowners.
One of the unique features of the Manulife One account is its flexibility. Homeowners can control their expenses by increasing or deferring payments based on their current financial situation. This feature is especially beneficial for self-employed individuals who experience fluctuations in their business income. They have the freedom to tailor their payments based on their current business revenue. Moreover, this feature increases their ability to maintain their mortgage payments without causing financial instability.
Mortgage Flexibility For BC Homeowners With Manulife One
Another advantage of the Manulife One account is its ability to provide short and long-term solutions to meet homeowners' changing needs. This feature is ideal for homeowners who are experiencing a significant life change, such as expanding their family or transitioning into retirement. With the Manulife One account, homeowners have the flexibility to adapt their mortgage payments based on their current needs.
The What If Account is another feature that sets the Manulife One account apart from traditional mortgages. The What If Account is an emergency fund accessible through the Manulife One account. Homeowners can withdraw funds from their What If Account at any time, giving them peace of mind that they're prepared for unexpected life events. This emergency fund can provide an additional layer of security when facing trying times.
Pre-retirees can benefit from the Manulife One account as well. For those nearing retirement, tax-free home equity can be used to support an extended and stress-free retirement. This account helps reduce the financial stress of homeowners as they prepare for the ability to support age in place. By not having to sell their home, pre-retirees can stay in their home longer while extending the life of their retirement investments.
Finally, the Manulife One account gives homeowners the power to make their own decisions. They don't have to apply for new bank accounts or loans continuously. The Manulife One account lets homeowners build wealth at their own pace in a way that works best for them.
The Manulife One account is an excellent alternative to traditional mortgages. Homeowners can be their own bankers, increasing or deferring payments depending on their circumstances while building wealth at their own pace. The features of the Manulife One account make it an ideal solution for homeowners who want more flexibility, control, and security. Overall, the Manulife One account empowers homeowners to make their financial decisions, improving their ability to maintain their monthly expenses. If you're interested in learning more, contact us today.
You can reach me at 604-710-8934 by text or phone and by email at karen.canning@mortgagegroup.com to discuss solutions built for you.