Manulife Bank – Updated Mortgage Rates & Programs

FINANC1FYD
Dec 2, 2025
2 min read

Effective December 2, 2025

By FINANC1FYD – Powered by 8Twelve Mortgages (FSRA Licence #M25001127)

Sarv – Mortgage Agent Level 1

Manulife Bank has announced new rate reductions and program enhancements effective December 2nd, 2025. These updates benefit homebuyers, current homeowners, investors, and self-employed borrowers looking for flexible mortgage solutions.

Below is a simplified, consumer-friendly guide to the new offerings available through Financ1fyd / 8Twelve Mortgages.

🔥 Manulife One – Preferred Rates (Up to 80% LTV)

A flexible mortgage + line of credit combination built for homeowners who want control over cash flow.

Term	Rate
5-Year Fixed	4.44%
4-Year Fixed	4.84%
3-Year Fixed	4.19%
2-Year Fixed	5.14%
1-Year Fixed	5.64%
HELOC	Prime + 0.50%

Special Promotion

✔ No monthly fees for 3 years✔ Applies to all applications submitted in 2025 and funded by April 30, 2026

🏦 Manulife One – Standard Rates (Up to 80% LTV)

Term	Rate
5-Year Fixed	4.49%
4-Year Fixed	4.94%
3-Year Fixed	4.24%
2-Year Fixed	5.24%
1-Year Fixed	5.74%
HELOC	Prime + 0.50%

🏡 High-Ratio / Insured Mortgage Rates

Ideal for first-time buyers or clients purchasing with less than 20% down.

Product	Rate
3-Year Fixed	4.04%
5-Year Fixed	4.04%
5-Year Variable (VRM)	Prime – 0.70%

🧾 Conventional Select Program

For strong-credit borrowers (700+) purchasing or switching a mortgage without a LOC component.

Term	Rate
3-Year Fixed	4.19%
5-Year Fixed	4.19%
5-Year Variable	Prime – 0.40%

Highlights

Must meet insurable guidelines
Available for switches or purchases
Excellent for clients who want simple, low fixed or variable rates

🏘️ Manulife One – Rental Property Program

Designed for real estate investors looking for flexible qualification.

Term	Rate
3-Year Fixed	4.64%
5-Year Fixed	4.79%
HELOC	Prime + 0.75%

Rental Qualification Notes

50% of rental income from subject property used for qualification
Property taxes and heat excluded from TDS
All non-subject rentals assessed through NOI worksheets

👩‍💼 Manulife One – Business-for-Self (BFS / Self-Employed Program)

Ideal for entrepreneurs or business owners with strong credit.

Term	Rate
3-Year Fixed	4.64%
5-Year Fixed	4.79%
HELOC	Prime + 0.75%

Program Requirements

Maximum 65% LTV
Minimum 700 credit score
Minimum $25,000 net business income
Flexible qualification using raw TDS or net-worth calculation

🏦 Manulife One – Equity Advantage

A unique program for higher-net-worth borrowers.

Term	Rate
3-Year Fixed	4.64%
5-Year Fixed	4.79%
HELOC	Prime + 0.75%

🔄 Insured Switch Program

For homeowners switching an existing insured mortgage to Manulife Bank.

Product	Rate
3-Year Fixed	4.04%
5-Year Fixed	4.04%
5-Year VRM	Prime – 0.70%

Switch Requirements

To qualify, the client must provide their:

Original insurer reference number
Previous advance date
Original purchase price or value
Original & remaining amortization
Original loan amount
Mortgage insurance premium amount

📘 Important Notes About These Rates

✔ Variable Rate Mortgage (VRM)

Payments remain static
Can switch to fixed anytime
Combined VRM + fixed term must equal 5 years

✔ 30-Year Amortization Option

Available when required for qualification
No premium applied to HELOC portion

📞 Explore These Manulife Options With FINANC1FYD

Whether you’re purchasing, renewing, refinancing, or investing, Financ1fyd (powered by 8Twelve Mortgages) can help you compare Manulife’s full suite of mortgage solutions.