18 Jun

Consolidating Debt in Retirement with The CHIP Reverse Mortgage

General

Posted by: Monica Young

Published by HomeEquity Bank ~ February 3, 2025 Managing debt is challenging at any age, but it can be especially stressful in retirement when income is limited. Many Canadians turn to debt consolidation to simplify payments and lower interest rates. However, traditional options—such as personal loans, refinancing, or home equity lines of credit—often require a […]

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24 Apr

5 Steps to Getting a Mortgage

General

Posted by: Monica Young

While the mortgage process can be daunting, we have broken it down into 5 easy steps to help you get started! Plus, we are happy to help guide you every step of the way so it is even easier to make your dreams of home ownership happen. Options: We have access to 90+ lenders with […]

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17 Mar

Why You Should Have a Power of Attorney.

General

Posted by: Monica Young

(Published by HomeEquity Bank) You work a lifetime building your nest egg, so the thought of losing financial control can be difficult at any point in life. However, having a trusted document like a power of attorney (POA) can bring you and your loved ones peace of mind. Contrary to what some believe, the reality […]

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15 Feb

Canadian Jobs Market Booms Despite Rate Hikes

General

Posted by: Monica Young

Red Hot Labour Market Despite Rate Hikes Today’s Labour Force Survey (LFS) for January was much stronger than expected, once again calling into question how long the Bank of Canada’s rate pause will last. This report showed no evidence that the labour market is slowing in response to the vast and rapid runup in interest rates. […]

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24 Jan

Recession Proofing Your Finances

General

Posted by: Monica Young

The latest news has been focused on rising interest rates, surging inflation, and economic uncertainty with suggestions that the Canadian economy could be tripped into recession. With all this information circulating, now is a good time to discuss ways to adapt your finances and protect your future. Fortunately, there are a few key things you […]

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23 Jan

Debt Consolidation

General

Posted by: Monica Young

If you have accumulated multiple points of debt from credit cards and are also dealing with other loans (such as car loans, personal loans, etc.), you may be looking for a way to simplify your payments and help reduce them. Rolling them into your mortgage could be the perfect solution. Some of the benefits for […]

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18 Jan

What to Know About Title Insurance.

General

Posted by: Monica Young

There are many insurance products when it comes to your home, but not all are created equal. One such insurance policy that potential homeowners may encounter is known as “title insurance”. This particular insurance is designed to protect residential or commercial property owners and their lenders against losses relating to the property’s title or ownership. […]

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17 Jan

Understanding Reverse Mortgages

General

Posted by: Monica Young

Did you know? Reverse mortgages are continuing to gain popularity for older homeowners in Canada! For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also a […]

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2 Dec

Happy Holidays from Monica Young

Latest News

Posted by: Monica Young

It’s been a great yet crazy 2020! We have seen the best and worst of people during this pandemic from all over the world. As the year comes to an end, we want to take the time to reflect and be thankful for our family and friends. Season’s Greetings and Happy New Year! Stay safe […]

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