Renew your Manulife Bank Select mortgage

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Renew your Manulife Bank Select® mortgage

Renewing your Manulife Bank Select mortgage can be easy!

Looking to renew your Manulife Bank Select mortgage? If your account is eligible, you’re in the right place—here’s how to get started.


Haven’t received a notice from Manulife Bank?

Speak to someone about your early renewal options

Explore your options

Whether you’re looking for a mortgage with short-term flexibility or long-term predictability, Manulife Bank Select delivers with a variety of term and interest-rate options to help meet your needs.

You can renew your mortgage online by logging into your Manulife Bank account or the Manulife Bank mobile app  and follow the instructions for online banking and mobile banking renewals. You can also contact us to get help figuring out which mortgage term and type is right for you.

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.

Flexible features put your goals within reach

Manulife Bank Select offers flexible features that can help you achieve your financial goals, including:

  • Competitive prepayment privileges: pay down your mortgage even faster with one-time prepayments or by increasing your regular payments.
  • Consolidate daily banking: The chequing account enables you to consolidate your day to day banking and mortgage into one simple package.
  • Moving to a Manulife One® is easy : if you need additional flexibility in the future, Manulife Bank Select clients can easily move to Manulife One – using the same bank account as your new Manulife One account (so no need to move your payroll or set up bill payments)

Most of us assume our mortgage will cost a lot and take a long time to repay. But here’s a secret: it doesn’t have toYour Manulife Bank mortgage has a super-power: prepayment privileges. Here’s how you can pay off your mortgage sooner and save thousands in interest.

Your mortgage has a superpower – Manulife Bank Select

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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 my mortgage

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 and discuss your options so you can feel confident choosing the term and interest rate type that works best for you.

Extra protection

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

  • Mortgage protection insurance: is optional insurance coverage you can purchase that can pay some or all of your outstanding Manulife Bank Select mortgage balance if you lose your job, become disabled, or pass away, helping to avoid leaving leave a large debt for your family.2