Changes to Existing Products

Starting June 30, two new fees will be added to customers' Operating Agreements. They've been added to cover default and legal action.

  • For settlement of defaults over the life of the mortgage, such as tax or condo arrears, a $500 fee will apply.
  • For any lapses in property (impairment) insurance bridged by Manulife Bank, a $500 fee may be applied every 3 months.

 

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