Category: Consumer Insights

Do you have clients aged 55 and above who need help to qualify for conventional lending products? It’s a common scenario, and it can be challenging to find the right financial solution for these individuals. However, there is a valuable alternative that can address the unique needs of this demographic: the CHIP Reverse Mortgage by… Continue reading 10 Telltale Signs of a Potential CHIP Reverse Mortgage Client

Over three days in December, the HomeEquity Bank Customer Experience team hosted Laura Proctor, a Prevention Consultant from Elder Abuse Prevention Ontario, to teach them more about elder abuse. Laura shared statistics about the prevalence of elder abuse in Canada, explained the different forms of elder abuse, and discussed the impact of elder abuse on… Continue reading How to Recognize the Five Most Common Forms of Elder Abuse

Each of your 55 or better clients has different financial needs and goals. Some may be motivated to give a loved one a gift of a lifetime by helping with a down payment on their first home. Other clients may want to pursue their passions and interests or travel while maintaining their desired lifestyles in… Continue reading How to Determine if the CHIP Reverse Mortgage is Right for your Client

FP Canada held their annual Financial Planning Conference from November 22-24. The virtual event drew over 2,000 attendees from across the country, providing financial planners, industry leaders, and more with the opportunity to network, learn, and share ideas. In the spirit of the event’s theme of Connect, Grow, Achieve, we wanted to share some valuable… Continue reading Leveraging Home Equity as Part of Financial Planning

Canadian 55+ have been hit with a double-edged sword – rising interest rates combined with soaring prices of groceries and energy, has eroded purchasing power as pensions grossly lag inflation. Stats Canada reported a slight drop on inflation in September to 6.9% from 7.0% in August, which has paved the way for another interest rate… Continue reading Canadians 55+ Facing a Double-Edged Sword

The much-anticipated MPC National Mortgage Broker Conference was held on October 15-17, 2022 at the Vancouver Convention Center. This event was long overdue since we have had 3 consecutive years of cancelled in person events due to the pandemic. The anticipation as well as the excitement of having this first major conference in many years,… Continue reading MPC National Conference 2022 Recap

HomeEquity Bank’s webinar “Help your clients navigate the current landscape with expert advice from Pattie Lovett-Reid” had our highest attendee rate yet.  As a result of such a great turnout, there was also plenty of engagement with several questions being asked. So here are some FAQs that answer many of the questions asked on the webinar.… Continue reading Popular Questions Asked in our Fireside Chat with Pattie Lovett-Reid

On September 29th, 2022, HomeEquity Bank held a webinar fireside chat with Chief Financial Commentator, Pattie Lovett-Reid and Executive Vice President of Marketing and Sales, Yvonne Ziomecki-Fisher. In this webinar, Pattie and Yvonne had an insightful conversation about today’s economic climate and the financial tools available to help your clients be financially secure. In case… Continue reading Top 5 Takeaways from the Pattie Lovett-Reid Webinar

Limiting beliefs may be holding your client back. A limiting belief is a state of mind that may hold your client back or restrict them in some way. Everyone at some point will experience limiting beliefs and so it’s important to help your client find a way to identify them and look for ways to… Continue reading Let’s retire the word “Senior” this National S*niors’ Day

According to an Ipsos survey, 80% of Canadians give up on their new year’s resolutions before the year is over, with the majority throwing in the towel before the end of February. Therefore, now may be a good time to check in with your clients and see how they’re getting on with the financial goals they set in January. If you find they’ve already given up, it may be time for a new approach.