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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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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Protecting Canadian Seniors
June is Senior’s Month in Ontario, and this year’s theme is “Living Your Best Life.” As we honour the contribution of Ontario seniors this month, it is important to remember that seniors can be more vulnerable to various forms of abuse. In fact, 62.5% of all elder abuse cases in Ontario are financial in nature. This statistic makes it difficult for seniors to live a financially secure retirement, let alone their very best life. The high incidence of financially-based elder abuse typically involves a family member or
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CEO STEVEN RANSON DELIVERS KEYNOTE ADDRESS AT THE CIFP CONFERENCE
OTTAWA, May 31, 2017 – Steven Ranson, President and CEO of HomeEquity Bank, Canada’s only provider of the CHIP Reverse Mortgage™, today delivered a keynote address at the 2017 Canadian Institute of Financial Planners (CIFP) Conference. Ranson’s address was titled “An Untapped Partnership: Helping Canadians with Prudent Retirement Planning.” The theme of the 2017 CIFP conference, “Canada – Planning for Another 150 Years,” focuses on three critical financial planning components: retirement and lifestyle pl
Continue Reading... HomeEquity Bank Continues Steady Growth with Strong Q1 Results
TORONTO, April 27, 2017 /CNW/ - HomeEquity Bank, provider of the CHIP Reverse Mortgage™, continued its steady performance in Q1 of fiscal 2017. The company posted a 27 per cent year over year increase in mortgage originations. The strong Q1 results demonstrate ongoing growth in demand for reverse mortgages among Canadian seniors. In 2016, HomeEquity posted record growth of 26 per cent. With strong, steady ownership by Birch Hill Equity Partners, HomeEquity Bank has continued to grow its business while working with cl
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