Quote:
Originally Posted by macker
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. |
Manulife has a rate set specifically for that account. It was at prime for years, until about November 2008. I think that the spread was at about 1.5% at one point and since then while prime has increased Manulife has not followed with these increases every time.