Welcome To HomEquity Bank
HomEquity Bank, a Schedule I Canadian Bank, is the only national provider of reverse mortgages to Canadian seniors. HomEquity Bank originates and administers its reverse mortgage solutions under the CHIP Home Income Plan brand.
HomEquity Bank’s predecessor, Canadian Home Income Plan Corporation (CHIP), founded in 1986, pioneered the reverse mortgage concept in Canada and has been in the business for more than 20 years. Canadian Home Income Plan Corporation recently changed its name to HomEquity Bank after it received its bank charter on October 13, 2009.
News
November 30, 2012
HOMEQ Corporation Closes Arrangement with Birch Hill Equity Partners
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.
April 19, 2012
HomEquity Bank named one of best workplaces in Canada
April 19th, 2012 HomEquity 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.
August 10, 2011
HomEquity Bank Survey Reveals Majority of Canadians Intend to Stay in Their Home After Retirement
HomEquity Bank, provider of CHIP Home Income Plan, Canada's leading reverse mortgage solution, today announced the findings of a national Ipsos Reid survey regarding Canadian's sentiments towards retirement and their financial stability. The survey, polling 1,054 Canadians aged 45 to 60, concluded that 61 per cent of retired Canadians intend to stay in their current home as long as possible after retirement. The figure was substantially higher (78%) for respondents that were already retired.
June 16, 2011
HomEquity Bank Enters Into New Distribution Agreement
HomEquity Bank, a subsidiary of HOMEQ Corporation, announced today that it has entered into a distribution agreement for its flagship financial solution, CHIP Home Income Plan, with Qualified Financial Services (QFS), a Managing General Agency. QFS agents will now be able to offer the CHIP solution to their clients aged 55 and older, while CHIP will benefit from QFS's considerable distribution reach and outstanding market expertise.