HomeEquity Bank launches Mortgage Broker Direct
TORONTO, Sept. 14, 2015 - HomeEquity Bank launches its new “Mortgage Broker Direct (MBD)” program this week. For the first time, mortgage brokers will be able to submit deals directly to the bank via D+H Expert upon being certified. Last year, HomeEquity Bank’s broker business saw a growth of 39%, with over 1,000 mortgage brokers sending in referrals with an average deal size of $150,000. The Mortgage Broker Direct program through HomeEquity Bank will offer a no-fee certification process to a limited number of mortg
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HomeEquity Bank 2015 Retirement Study
In a first-of-its-kind study HomeEquity Bank has asked Canadians about their hopes and plans for retirement.The goal is to compare Canadians’ financial expectations for retirement with their financial reality once they finish working. Download the complete report View the full infographics: [gallery link="file" ids="661,660,659"]
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HomeEquity Bank Reports Record Annual Originations
TORONTO, Jan. 13, 2015 /CNW/ - HomeEquity Bank announced today its 2014 originations grew by 23% YOY and reached $309MM. As of Dec. 31, 2014, the HomeEquity Bank portfolio of reverse mortgages has surpassed $1.7 billion. The strong YOY growth can be attributed to an increase in direct inquiries from consumers as well as continued growth through referral partners including banks and mortgage brokers. "With the current demographic trends and extended life expectancy we project reverse mortgage originations to grow at 25
Continue Reading...HomeEquity Bank Helps Seniors Create Tax Efficient Cash Flow
TORONTO, Feb. 10, 2014 - HomeEquity Bank, announced the launch of its newest and most innovative product offering for senior homeowners, HomeEquity Bank Income Advantage. With the Income Advantage, senior homeowners can access equity in their home through 2 separate accounts. The first account is set up for monthly advances and carries a low interest rate of Prime + 1.25%; the second account is set up for lump sum advances and carries a competitive 5 year rate. "This product was developed based on customer feedback and cu
Continue Reading...HOMEQ Corporation Closes Arrangement with Birch Hill Equity Partners
Toronto, November 30, 2012 - HOMEQ Corporation (“HOMEQ”) (TSX: HEQ) announced today the closing of the previously announced arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) involving HOMEQ and Monaco Acquisition Inc., an entity controlled by Birch Hill Equity Partners (“Birch Hill”). Under the Arrangement, Birch Hill has indirectly acquired all of the outstanding common shares of HOMEQ for cash at a price of $9.50 per common share. It is expected that the HOMEQ shares will be delis
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Older Canadian homeowners want eager homebuyers to back off
HomeEquity Bank research confirms the importance of retiring at home TORONTO, July 16, 2018 /CNW/ - Much to the chagrin of realtors across the country, an overwhelming number of Canadians (93 per cent) aged 65 plus feel it is important to stay in their current home throughout their retirement, according to an IPSOS survey conducted in June, 2018, commissioned by HomeEquity Bank (HomeEquityBank.ca). Yet as the Canadian population ages, many homeowners are feeling pressured to sell the home they love to help finance the
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HOMEEQUITY BANK POSTS RECORD 2017 GROWTH AS CANADIANS EMBRACE REVERSE MORTGAGES
TORONTO, January 15, 2018 – HomeEquity Bank, the national provider of the CHIP Reverse Mortgage™, posted record mortgage growth in 2017 with 32.5 per cent year over year growth. Reverse mortgage originations of $608MM for 2017 were driven by increased consumer familiarity with HomeEquity Bank’s flagship product as well as the growing need for consumers to finance their retirement in new ways. HomeEquity Bank’s record results also reflect a strong partnership with Canada’s mortgage brokers. In 2017, brokers were
Continue Reading...REALITY CHECK: HOMEEQUITY BANK RESEARCH HIGHLIGHTS SURPRISING HOLIDAY SPENDING LIST FOR CANADIAN SENIORS
REALITY CHECK: HOMEEQUITY BANK RESEARCH HIGHLIGHTS SURPRISING HOLIDAY SPENDING LIST FOR CANADIAN SENIORS TORONTO, December 11, 2017 - With the holidays just around the corner, recent research sponsored by HomeEquity Bank, the only national provider of the CHIP Reverse Mortgage™, outlined a surprising holiday spending list for Canadian seniors. While travel and home improvements were high on the list, a surprising one-third of respondents highlighted the need to financially support children and grandchildren, pay off
Continue Reading...HomeEquity Bank chooses Zulu to help accelerate growth
Toronto, Ontario (November 8, 2017) – Zulu Alpha Kilo is proud to announce that they are partnering with HomeEquity Bank. The news comes after a review process that started earlier this summer. “We were on the cusp of taking a major step with our business and admired Zulu’s history of successfully growing some of Canada’s more renowned brands,” said Yvonne Ziomecki, Executive Vice President Marketing & Sales at HomeEquity Bank. “We immediately felt connected with the team and admired both their provocat
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HomeEquity Bank and Balmoral Village Announce New Partnership To Benefit Retiring Canadians
[August 28, 2017, Toronto] - Balmoral Village is proud to be the first new home community to partner with HomeEquity Bank, Canada’s only provider of the CHIP Reverse Mortgage. “We are thrilled to have been chosen as the first development project to partner with HomeEquity bank, a company with a long track record of helping Canadian seniors with financial planning options. We are confident this will be of great value to our condo purchasers,” says Thomas Vincent, President, Balmoral Village. The visionary ‘Age I
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