Manulife One Home Line Of Credit Can Save Alberta Thousands

Manulife One Home Line Of Credit Can Save Alberta Thousands

If you are in the majority of people in Alberta, you own your home. And like most home owners, you probably have a mortgage. Did you know you have options beyond the traditional mortgage to finance your home? The most innovative product in Canada today is the Manulife One Home Line Of Credit: a universal account that will change the way you think about banking and debt.

How does Manulife One work?

The Manulife One home line of credit is a collateral line of credit against the value of your home. It consolidates all your debt, savings, and cash flow into one universal account. This account could include your home financing, investment property loans, credit cards, spending account, basically everything. The real power of the Manulife One Account comes when you deposit your regular income and savings into the account. This immediately reduces your debt level for the short term. And since the Manulife One line of credit charges daily interest (not 6 months interest charged twice annually in advance, like a traditional mortgage), your are paying much less interest on your loan for those days just after being paid.

As you spend money during your regular month of expenses and bills, your loan increases again. There is a level of caution not to over spend during each month, as you could draw out more money than you are making against your home. Fortunately you will receive one consolidated monthly statement to show you your financial position. You can see how well (or poorly) you're doing at reducing your debt and reaching financial freedom sooner. It is inspirational to save money and get into a better financial position each month.

Where do you get the Manulife One home line of credit?

The Manulife One Account is only sold by specialized and highly trained Manulife Bankers. These bank advisors are able to evaluate your property using computer models of home prices in your area, based on recent sales, home value trends, and tax valuations from your municipality. They are then able to approve a loan up to 80% of the appraised value of your home. If you owe less than 80% of the appraised value, you can add other debts into the loan, like your line of credit and credit cards. You can then reduce your interest rate on all these loans to the very advantageous rate on the Manulife One account (prime plus 0.5%).

At Life Guard Insurance we are partnered with one of the best Manulife Bankers in all Alberta, Bryan Baker. He is able to help our clients interested in a Manulife One home line of credit anywhere in Alberta. He has helped many of our clients save thousands of dollars in interest payments, get out of debt years sooner, and increase their monthly cash flow. The best way to contact Bryan is use our Manulife One request for service form. There is a cash flow questionnaire that you could complete to help Bryan know if and how a Manulife One Account could benefit you, and prepare the plan you need to get the most out of your new Manulife One home line of credit.

At Life Guard Insurance we always partner with the best financial advisors to offer you products and services that will improve your overall financial plan. We are please to work with Bryan Baker from Manulife Bank as we know this revolutionary new home financing plan can:

Save you thousands in interest payments

Be debt free years sooner

Increase your monthly cash flow

Contact Life Guard Insurance for more information about how a Manulife One home line of credit can help you.

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