HomeEquity Bank is a Schedule I Canadian bank and is the only provider exclusively focused on reverse mortgages for homeowners aged 55 and over. HomeEquity Bank is a privately held company and helps Canadians live retirement their way by providing a safe, secure, and easy way to access the equity they’ve built up in their homes through their financial solutions, the CHIP Reverse Mortgage® and Income Advantage®.
HomeEquity Bank has been the leader of reverse mortgages in Canada since its inception in 1986. HomeEquity Bank has an effective direct-to-consumer distribution model as well as a well-established network of referral partners. This extensive partner network includes all major Canadian banks, credit unions, mortgage brokers, and financial planning firms.
HomeEquity Bank has been the leader of reverse mortgages in Canada since its inception in 1986. HomeEquity Bank has an effective direct-to-consumer distribution model as well as a well-established network of referral partners. This extensive partner network includes all major Canadian banks, credit unions, mortgage brokers, and financial planning firms.
Location: Canada, Ontario, Old Toronto
Employees: 201-500
Founded date: 1986
Investors 1
| Date | Name | Website |
| - | Birch Hill... | birchhille... |
Mentions in press and media 2
| Date | Title | Description |
| 05.03.2024 | Are seniors as susceptible to online scams as people think? A reverse lender says no | New data illustrates a discrepancy between the perception of baby boomers who lose money to financial scams and the actual rate of seniors to fall prey to such bad actors. This is according to the results of a survey conducted by market res... |
| 31.05.2019 | Tap into value with a reverse mortgage | The value of residential real estate in many parts of Canada has rocketed in recent years leaving some long-time homeowners with significant equity in houses they bought when prices were substantially lower. Homeowners (55-plus) can tap int... |