Manulife One: A lifesaver for homeowner-turned-broker going through monetary disaster

It’s hardly an exaggeration to say that Manulife One has saved Leanne Myles from private, skilled and monetary disaster a number of occasions over.

Myles first heard concerning the versatile mortgage product in 2006 from a colleague whereas working as a secretary for a paramedic providers supplier in Timberlea, Nova Scotia. On the time, she and her then-husband have been each working full time to assist their two youngsters whereas managing their rising debt, however nonetheless discovered themselves quick by about $200 a month.

“I used to be out within the evenings doing gross sales to maintain us afloat,” mentioned Myles. “I’d go work to make the $200, however then we have been nonetheless flat broke.”

Conquering debt with Manulife One

That every one modified after she found Manulife One, a versatile mortgage product that allowed Myles to pay down her money owed utilizing the fairness in her house. Fairly quickly she went from being $200 quick to placing $2,500 in the direction of paying down her debt each month.

“I used to be hardly making it from paycheque-to-paycheque, and right here I used to be now killing it on paying down my debt, like how is that doable?” mentioned Myles. “I couldn’t shut up about it—like I even instructed the cable man—I simply needed to share the nice information with all people about what it did for my life.”

The monetary stability additionally supplied the chance to maneuver on from her failing marriage. After her divorce was finalized in 2007, Myles moved to Windsor, Nova Scotia, together with her present husband of 12 years and briefly took a job in admin with a tech firm.

Sadly, the brand new job shortly proved a poor match, and shortly Myles was again on the job hunt.

“I went on-line and the primary job that got here up was in Manulife gross sales,” she mentioned. “I used to be a single mother, so a fee job isn’t one thing I used to be ready for, however I knew I liked the product, and I wanted a change.”

Myles mentioned she reached out to the lady at Manulife who had offered her her mortgage—and to whom she had since referred about 50 to 70 new purchasers—to ask for assist in touchdown the job, and was employed as a banking advisor quickly after.

“I used to be there from 2008 till 2013, and I went from a bit of woman in rural Nova Scotia to primary within the nation on the financial institution, beating out [financial consultants in hot real estate markets like] Vancouver and Toronto,” she mentioned.

Challenges alongside the way in which

Myles had successfully turned her monetary life round in only a few quick years, thanks in no small half to her new mortgage and her new job, however the stability was quick lived.

“A mortgage dealer pal, when he came upon how a lot enterprise I used to be doing, mentioned you may completely make far more cash as a mortgage dealer than you’re making at Manulife,” she mentioned. “The joke was on me for that as a result of that was not the case in any respect.”

Myles explains that on the time Manulife was not within the dealer channel, which means the product she knew finest didn’t drive any fee for her as an unbiased dealer. As an alternative, her earnings now relied on the sale of mortgage merchandise she was much less aware of.

That very same 12 months, in 2013, Myles moved into a brand new house together with her husband—each of whom have been managing divorce settlements on the time—when he was recognized with coronary heart failure. When his insurance coverage supplier minimize off his advantages the pair discovered themselves promoting her daughter’s horse, pulling their youngsters out of extracurricular actions, and doing no matter they may to place meals on the desk.

“And guess what mortgage I had on my home?” Myles mentioned. “In fact, it was Manulife One, and if I didn’t have that, I’d have misplaced the home in chapter.”

Again on high

After a couple of rocky months, Myles joined a mortgage brokerage, the place she might study extra about different mortgage merchandise, and ultimately landed a job with the Clinton Wilkins Mortgage Workforce in 2018. There she just lately earned the excellence of being the quantity eight salesperson within the nation per unit among the many CENTUM Monetary Group’s 208 companies and 2200 mortgage professionals.

Right here, too, Myles says she owes her success to Manulife One.

“While you get somebody doing effectively with Manulife One, you get three different individuals coming in proper behind them searching for it,” she mentioned. “They won’t be the flagbearer I used to be sending 50 to 70 offers to, however each individual you set in a Manulife One figuring out it would work effectively will develop into a referral supply.”

Myles provides that it’s straightforward for her to determine those that will do effectively with the product as a result of they remind her of herself in her earlier phases of life.

“You’ve acquired to keep in mind that whenever you’re submitting for chapter and attempting to determine issues out, in the event you don’t want to fret about your mortgage funds, that’s life altering,” she mentioned. “The product didn’t simply change my private life, it modified my profession, and it additionally saved me in my most dire time of want.”


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