Lender History:
Established in 1993, Manulife Bank was the first federally regulated bank opened by an insurance company in Canada. Manulife Bank supports the sale of the parent's core products and distributes its products through several channels, including financial advisors, mortgage brokers, deposit brokers, and direct‑to‑client.
Lender Niches
Manulife Bank offers specialized mortgage solutions including a Small Business Owner Program tailored for entrepreneurs, an Equity Advantage Program for accessing home value, a Rental Program designed for investors, and flexible HELOC options through their Manulife One product.
Factors to consider:
Refinances must be done through Manulife One, their integrated mortgage and HELOC product. Interest rates on Manulife One depend on the percentage of the loan structured as a HELOC. Their Equity Program offers lending up to 50% LTV, or 65% LTV for self-employed borrowers who have earned at least $25,000 in each of the last two years.
Contact Information and Links for Manulife Bank:
Head Office Location:
Manulife Bank of Canada
500 King Street North
Suite 500
Waterloo, ON N2J 4C6
