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Mortgages: Preferred Rate Mortgage

With the Manulife Bank Preferred Rate Mortgage, you'll get one of the lowest fixed rates available. You don't have to haggle, your neighbours won't get a better deal because of their negotiation skills, and you don't need to waste time comparing rates or reading the fine print on so called "special" offers.

Save money

  • Get some of the lowest fixed rates available
  • Manulife Bank will cover the cost of your property appraisal or CMHC application fee

Enjoy flexibility

  • Select from terms of 6 months to 5 years
  • Make lump sum payments of up to 20% annually based on your original mortgage amount
  • Increase your payment up to 25% once per year

Created with you in mind

  • Pre-approval lets you shop with confidence
  • Manulife Bank will hold your rate for up to 90 days (120 days for new construction) when purchasing a home and up to 60 days on your renewal

For more information on the Preferred Rate Mortgage or Manulife One, call or email us today.


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Algoma Financial Services | 201-855 Queen Street East | Sault Ste. Marie, ON | PH: (705)-949-1316 | Toll-Free: 1-888-525-4662
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