HomeEquity Bank to be acquired by Ontario Teachers’. Learn more.
02.10.14

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

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11.30.12

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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04.19.12

HomeEquity Bank named one of best workplaces in Canada

Toronto, ON – April 19th, 2012 - HomeEquity Bank, a subsidiary of HOMEQ Corporation, announced today that it is being recognized as one of this year’s Best Workplaces in Canada. The list of leading Canadian employers will appear in a special national report on Thursday April 19th, 2012. “We are very excited about being recognized as one of the Canadian leaders in employee satisfaction and organizational culture,” said Steven Ranson, President and CEO, HomeEquity Bank. “At HomeEquity Bank, we believe our people a

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Kurt Browning
09.14.20

Calling all Kurt Browning fans: HomeEquity Bank’s world champion spokesperson is dialled in and ready to connect!

  New ad campaign brings figure skating legend Kurt Browning back to television screens across Canada Four-time men’s World Champion will be making personal phone calls to HomeEquity Bank customers Browning to champion the many HomeEquity Bank initiatives that support the physical, mental, emotional and financial health of older Canadians TORONTO, September 14, 2020 — Canadian figure skating icon Kurt Browning is a bigger believer in HomeEquity Bank, provider of the CHIP Reverse Mortgage, than ever bef

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CHIP Open Logo
09.10.20

HomeEquity Bank launches short-term reverse mortgage product with CHIP Open

CHIP Open is a short-term loan of one to three years on a variable term only Customers can convert CHIP Open to the CHIP Reverse Mortgage if a long-term loan is more appropriate to suit their financial needs Customers can repay 100 per cent of the balance at any time with no prepayment charges (full payments only, no partial payments) TORONTO, Sept.10, 2020 – HomeEquity Bank announced today it is introducing CHIP Open, a new financial option for Canadians 55+ looking to tap into their home’s equity. This sho

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Catch The Scam
08.26.20

HomeEquity Bank launches ‘Catch the Scam’ campaign with Frank W. Abagnale, the world’s most famous con man and imposter

Frank W. Abagnale, the fraudster-turned-FBI adviser whose bestselling book about his life Catch Me If You Can inspired the blockbuster film, is teaching older Canadians how to spot a scam in a four-part video seriesThe campaign is backed by the Bank’s Ipsos-commissioned survey that finds 91% of Canadians 55+ believe they are more vulnerable to scamsSince the onset of the COVID-19 pandemic, 70% of the general public say there has been an increase in coronavirus-related scamsOne in three Canadians 55+ say they’ve fallen

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04.27.20

HomeEquity Bank Launches Campaign Highlighting How More Than Ever, Home is Everything

HomeEquity Bank launches Our homes are everything campaign Campaign complements Operation Warm Hug initiative that checks in on vulnerable Canadians at home Meaningful donations made to the Canadian Red Cross, YMCA of Greater Toronto and various charities across the country supported by employees Digital education and entertainment programs for self-isolating Canadians to launch shortly TORONTO, Apr. 27, 2020 -- HomeEquity Bank, provider of the CHIP Reverse Mortgage, today announced the launch of its new media ca

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01.14.20

HomeEquity Bank Marks Record Year in New Reverse Mortgage Originations in 2019

HomeEquity Bank originated $820 million in new reverse mortgages in 2019Expects another strong year in 2020 as interest and demand continue to grow TORONTO, Jan. 14, 2020 /CNW/ - HomeEquity Bank, provider of the CHIP Reverse Mortgage™, announced today that it originated $820 million in new reverse mortgages in 2019, marking a record year for the company and reinforcing the unique value proposition that reverse mortgages offer to Canadians seeking to enjoy a comfortable and financially secure retirement.

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