Day

October 20, 2015
Give your kids an inheritance with warm hands According to HomEquity Bank almost 5% of their clients aged 55 and over arrange reverse mortgages as a way to gift money to their adult children. “What we hear from some of our clients is that they want to see their loved ones enjoying the results of their...
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Ten facts about reverse mortgages There’s a lack of information around reverse mortgages, and as more seniors look to this type of financing to help their adult children as well as finance their retirement – it’s time to set the record straight on some misconceptions. That’s according to HomEquity Bank, a Schedule 1 Canadian Bank...
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Seniors carrying more debt than ever before Mortgage debt among seniors is increasing right across Canada, and for those aged 70+ it has increased 12% compared to 2013. That’s according to the results of a Debt in Retirement study conducted by HomEquity Bank and Equifax Canada. The study was conducted in July, 2015 and focused on...
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