Quote:
Originally Posted by chemgear
I have heard good things about Manulife One from a friend. She's extremely disciplined/frugal when it comes to money. It seemed to be a good product for her that gave her the flexibility to pay down debts she specifically targeted.
That being said, (as my coworker likes to say) banks seem to be more than happy/willing to hand out as much rope as people want to hang themselves with. 
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Sounds like the perfect person for an all in one mortgage and she will cut years off her mortgage and save thousands in the process.
Looks like my post on Manulife One is not accurate as of today.
http://www.manulifebank.ca/canada/mB...c/todays_rates
They are prime + 0.5% just like National Bank AIO. A few months back I think it was prime +1.5% so it looks like this was brought back in line. I have heard that they aren't as predictable with the rate and don't always stick to prime + and set it more arbitrarily vs National Bank who always set the rate based around prime and don't charge $14 per month which isn't a big deal when you are paying off your mortgage based on daily interest and saving thousands if you structure things properly.