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06.19.14

Get your hands off my inheritance!

New study reveals most Canadians are not, in fact, 'waiters' seeking inheritance from parents TORONTO, June 19, 2014 /CNW/ - A new study commissioned by HomeEquity Bank, provider of the CHIP reverse mortgage, shows 45% of Canadians surveyed are not expecting an inheritance from their parents, compared to 35% who do expect to receive a financial bequest. Twenty per cent of respondents don't know if they will receive an inheritance. And, nearly all respondents (94%) who expect to receive an inheritance say they are willi

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05.26.14

How will Canadian seniors deal with lack of funds in retirement?

For some, a reverse mortgage is often the only solution to financial crises TORONTO, May 26, 2014 /CNW/ - The lack of pension reform combined with seniors living longer than ever is leading to a lack of finances in old age - a troubling issue that needs to be discussed in families across the country. That's according to HomeEquity Bank experts, provider of the CHIP reverse mortgage. "Canadian seniors want to remain in their homes as they age. However, there are many that could lose their homes because they haven't s

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