Renew your Manulife One term sub-account

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Renew your Manulife One® term sub-account

Looking to renew your term sub-account? You’re in the right place! If your sub-account is eligible for renewal you can renew your term sub-account in 3 easy steps.


Haven’t received a notice from Manulife Bank?

Speak to someone about your early renewal options

Explore your options

With a term sub-account, it can be easy to make progress towards paying down your debt and avoid future interest rate fluctuations. By renewing your sub-account, you’re taking another step toward helping reach your financial goals.

Flexibility
If you want flexibility Consider these terms
  • Do you plan on moving to a new home?
  • Are you considering selling your property?
  • Is your income level likely to change
    (e.g. promotion, retirement, extended leave from work, inheritance, etc.)?
  • Fixed: 1-year open
  • Fixed: 1-year closed
  • Fixed: 2-year closed
  • Fixed: 3-year closed
Predictability
If you want predictability Consider these terms
  • Do you want a disciplined payment schedule to pay down your debt?
  • Do you want to avoid fluctuating interest rates?
  • Fixed: 3-year closed
  • Fixed: 4-year closed
  • Fixed: 5-year closed
  • Fixed: 7-year closed
  • Fixed: 10-year closed

View our current rates. If our interest rates change before your maturity date, you’ll receive the lower of the current rate or the rate listed in your renewal agreement.

When you buy a home, mortgage-freedom can often seem like a distant destination. But what if you could get there faster and save thousands on interest along the way? Here’s how Manulife One can help you reach mortgage-freedom.

How to pay off your mortgage faster – Manulife One from Manulife Bank

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For many of us, becoming debt-free is the ultimate goal. And for most Manulife One customers, even after their debt is paid off, they keep their account. Here are three reasons why Manulife One is an account for life.

Your mortgage and bank account for life – Manulife One from Manulife Bank

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You can renew an eligible mortgage at competitive rates by signing in to your Manulife Bank account.1

After logging into your account, start your renewal by choosing one of these options:

  • Click the Renew you mortgage/sub account now banner in your account dashboard
  • Click Renew mortgage on your Account details page
  • Using the main navigation panel to select Products and services and Renew your mortgage

For step-by-step instructions on how to complete your renewal online, visit our online banking How To’s.

After you submit your renewal decision, we’ll mail you a letter with  details when your mortgage or sub-account matures.  

You can renew an eligible mortgage at competitive rates using the Manulife Bank mobile app?1

After logging into your account, start your renewal by choosing one of these options:  

  • Tap Get started on the on-screen pop-up message that will appear when you login.
  • Tap Renew your mortgage now on your account dashboard.
  • Tap More bank services and Renew your mortgage in the bottom navigation menu.

For step-by-step instructions on how to complete your renewal on your mobile device, visit our mobile banking How To’s.

Your new term will be reflected in your account details one business day after the scheduled renewal date of your current term.

After you submit your renewal decision, we’ll mail you a letter with  details when your Manulife One sub-account matures. 

Speak to someone about renewing your sub-account

To renew your mortgage over the phone, call us at 1-855-682-5979, or email mortgagerenewal@manulife.ca. We’ll guide you through the renewal process so you can feel confident choosing the term and interest rate type that works best for you.

Enhance your account

With Manulife One, you have access to complementary products that can help provide extra protection and flexibility, including:

  • Mortgage protection insurance2: is optional insurance coverage you can purchase that can pay some or all of your outstanding Manulife One mortgage balance if you lose your job, become disabled, or pass away.2

1 If you have a sub-account that is eligible for renewal, you will receive a renewal agreement by mail approximately 90 days before your maturity date. This agreement will outline your renewal interest-rate and term options. You can also review your renewal options and submit your choice online by signing in to your Manulife Bank account or the Manulife Bank Mobile app within 90 days of your maturity date.

2  Mortgage Protection Plan® (MPP) Insurance is underwritten by the Manufacturers Life Insurance company (Manulife) and job loss coverage is underwritten by First North American Insurance Company, a wholly owned subsidiary of Manulife, and administered by Manulife.  Questions? Call: 1-866-795-1222 Email: help@mortgageprotectionplan.ca Write: P.O. Box 987, Station F, Toronto, ON M4Y 2N9 Visit: www.manulife.ca.  Certain exclusions apply.

Manulife One is offered through Manulife Bank of Canada. Manulife, Manulife Bank, Stylized M Design, Manulife Bank & Stylized M Design, and Manulife One are trademarks of The Manufacturers Life Insurance Company and are used by Manulife Bank of Canada under license. 

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