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Lowering your Mortgage is one thing… lowering your Principal is another!
As a flexible mortgage account it works by combining your mortgage with your chequing and saving account. As a result, the moment your income enters the account it immediately pays down the principle.
In drawing on you account through the month as needed, you will pay daily interest on the monies used, keeping the balance of your income in the account to reduce your interest charges.
With Manulife one account you have your have additional features:
After all is said and done, it is a matter of Principal!