HOMEEQUITY BANK POSTS RECORD 26 PER CENT GROWTH IN 2016
TORONTO, January 25, 2017 - HomeEquity Bank, providers of the CHIP Reverse Mortgage™, reported $459MM in reverse mortgage sales for 2016. This represents a 26 per cent increase over the year previous, demonstrating a growing demand by Canadian seniors to unlock the value of the equity in their homes. These strong 2016 results reflect a significant increase in HomeEquity Bank’s mortgage broker business, which has grown 48 per cent year over year following the successful introduction of the bank’s Mortgage Broker Dire
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Canadian Seniors Want To Spend Less During The Holidays
TORONTO, December 21, 2016, - The holidays may not necessarily be a merry time of year for all Canadian seniors according to a recent survey of attendees at the Toronto ZoomerShow, ZoomerMedia’s lifestyle expo for people aged 45 plus. The survey, sponsored by HomeEquity Bank, providers of the CHIP Reverse Mortgage™, found that many seniors overspend during the holiday season. In fact, 26% of respondents described the holidays as financially “very stressful”. A total of 632 Toronto ZoomerShow attendees were surveye
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The Price of Independence – A Winter Checklist for Senior Home Owners
Most seniors have a strong desire to remain independent – and live in their own homes. That said, the onset of winter can present a number of challenges to peace of mind. In addition to the high cost of heating a house, there are a number of seasonal maintenance issues that need to be addressed – and paid for. Whether it’s a conversation and encouragement from adult children or a case of careful budgeting, here are some of the services – and attached costs:
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Reality Gap Threatens The Financial Health Of Canadian Seniors: HomeEquity Bank Research
TORONTO, November 24, 2016, - At a time when Canadian seniors are living longer and healthier lives, their financial fitness requires close attention. Recent research sponsored by HomeEquity Bank, providers of the CHIP Reverse Mortgage™, indicates there is a startling gap between the lifestyle expectations of those Canadians 40+ years and the reality. The study, which looked at the financial health and viability of Canadian seniors, was national in scope and focused on Canadian residents, 40 years or older who own their
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CARP and HomeEquity announce 3-year “CARP Recommended” partnership
CARP, Canada’s largest non-profit, non-partisan advocacy association for Canadians As We Age, has announced a new 3-year “CARP Recommended” partnership with HomeEquity Bank. HomeEquity is Canada’s only Schedule 1 bank dedicated solely to providing mature Canadian homeowners with the opportunity to enjoy the full value of their home in retirement. CARP will recommend HomeEquity Bank’s product line as a viable and comprehensive solution for Canadians planning for retirement. CARP members in turn, will enjoy su
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